Form 8-K - Current report
July 17 2024 - 4:05PM
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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): July 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 June 12, 2024, WinVest Acquisition Corp. (the “Company”) issued an unsecured promissory note in
the principal amount of $180,000 (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 $180,000 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 $30,000, such amount representing approximately $0.061 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
July 17, 2024, the Company effected the second drawdown of $30,000 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 July 17, 2024 to August 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:
July 17, 2024
|
WINVEST
ACQUISITION CORP. |
|
|
|
|
By: |
/s/
Manish Jhunjhunwala |
|
Name:
|
Manish
Jhunjhunwala |
|
Title: |
Chief
Executive Officer and Chief Financial Officer |
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|
Jul. 17, 2024 |
Document Type |
8-K
|
Amendment Flag |
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|
Document Period End Date |
Jul. 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 |
|
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 |
|
Title of 12(b) Security |
Common
Stock, par value $0.0001 per share
|
Trading Symbol |
WINV
|
Security Exchange Name |
NASDAQ
|
Warrants to acquire 1/2 of a share of Common Stock |
|
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 one-fifteenth of one share of Common Stock |
|
Title of 12(b) Security |
Rights
to acquire one-fifteenth of one share of Common Stock
|
Trading Symbol |
WINVR
|
Security Exchange Name |
NASDAQ
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