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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 17, 2024

 

WINVEST ACQUISITION CORP.

(Exact name of registrant as specified in its charter)

 

Delaware   001-40796‌   86-2451181‌

(State or other jurisdiction of

incorporation or organization)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification Number)

 

125 Cambridgepark Drive, Suite 301

Cambridge, Massachusetts

02140

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (617) 658-3094

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐‌ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐‌ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐‌ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐‌ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading Symbol(s)

   Name of each exchange on which registered
Units, each consisting of one share of Common Stock, one redeemable Warrant, and one right   WINVU   The Nasdaq Stock Market LLC
Common Stock, par value $0.0001 per share   WINV‌   The Nasdaq Stock Market LLC
Warrants to acquire 1/2 of a‌ share of Common Stock   WINVW‌   The Nasdaq Stock Market LLC
Rights to acquire one-fifteenth‌ of one share of Common Stock   WINVR‌   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934(§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement or a Registrant.

 

As previously disclosed, on December 13, 2023, WinVest Acquisition Corp. (the “Company”) issued an unsecured promissory note in the principal amount of $330,000 (the “Promissory Note”) to WinVest SPAC LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to loan to the Company up to $330,000 in connection with the extension of the date (the “Termination Date”) by which the Company must consummate an initial business combination (“Business Combination”). The Promissory Note does not bear interest and matures upon the earlier of (a) the closing of a Business Combination and (b) the Company’s liquidation. The principal of the Promissory Note may be drawn down from time to time in up to six equal amounts of $55,000, such amount representing approximately $0.048 per unredeemed Public Share (as defined below). In the event that the Company does not consummate a Business Combination, the Promissory Note will be repaid only from amounts remaining outside of the trust account (the “Trust Account”) established in connection with the Company’s initial public offering (the “IPO”), if any.

 

On January 17, 2024, the Company effected the second drawdown of $55,000 under the Promissory Note and caused the Sponsor to deposit such sum into the Trust Account in connection with the extension of the Termination Date from January 17, 2024 to February 17, 2024. Such amounts will be distributed either to: (i) all of the holders of shares of the Company’s common stock, par value $0.0001 per share, issued as part of the units sold in the IPO (“Public Shares”) upon the Company’s liquidation or (ii) holders of Public Shares who elect to have their shares redeemed in connection with the consummation of a Business Combination.

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: January 17, 2024

 

  WINVEST‌ ACQUISITION CORP.
     
  By: /s/ Manish‌ Jhunjhunwala‌
  Name: Manish Jhunjhunwala‌
  Title: Chief Executive Officer and Chief Financial Officer

 

 

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Cover
Jan. 17, 2024
Document Type 8-K
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Document Period End Date Jan. 17, 2024
Entity File Number 001-40796
Entity Registrant Name WINVEST ACQUISITION CORP.
Entity Central Index Key 0001854463
Entity Tax Identification Number 86-2451181
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 125 Cambridgepark Drive
Entity Address, Address Line Two Suite 301
Entity Address, City or Town Cambridge
Entity Address, State or Province MA
Entity Address, Postal Zip Code 02140
City Area Code (617)
Local Phone Number 658-3094
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Units Each Consisting Of One Share Of Common Stock One Redeemable Warrant And One Right [Member]  
Title of 12(b) Security Units, each consisting of one share of Common Stock, one redeemable Warrant, and one right
Trading Symbol WINVU
Security Exchange Name NASDAQ
Common Stock Par Value 0. 0001 Per Share [Member]  
Title of 12(b) Security Common Stock, par value $0.0001 per share
Trading Symbol WINV‌
Security Exchange Name NASDAQ
Warrants To Acquire 12 Of Azwnj Share Of Common Stock [Member]  
Title of 12(b) Security Warrants to acquire 1/2 of a‌ share of Common Stock
Trading Symbol WINVW‌
Security Exchange Name NASDAQ
Rights To Acquire Onefifteenthzwnj Of One Share Of Common Stock [Member]  
Title of 12(b) Security Rights to acquire one-fifteenth‌ of one share of Common Stock
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Security Exchange Name NASDAQ
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