WinVest Acquisition Corp. has executed a new drawdown under its existing unsecured promissory note with WinVest SPAC LLC, the company's sponsor. On November 7, 2025, WinVest drew $30,000 as the third installment from the $180,000 total facility, as part of arrangements to extend the deadline for completing its initial business combination. The funds were deposited into the company's trust account to support the extension of the termination date from November 17, 2025 to December 17, 2025. The promissory note, which does not bear interest, is due upon the earlier of a business combination or the company's liquidation. Repayment will be made only from funds outside the trust account if a business combination is not completed.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WinVest Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-023839), on November 17, 2025, and is solely responsible for the information contained therein.