- A special purpose acquisition company, WinVest Acquisition (NASDAQ:WINV) Board of Directors has approved an extension of the period of time to consummate an initial business combination by one month from April 17, 2023 to May 17, 2023.
- The purpose of the extension is to provide additional time for the company to complete an initial business combination.
In connection with the extension, $125K, ~$0.066 per share, will be deposited into the trust account established in connection with the company’s IPO.
The Board may elect to further extend the termination date on a monthly basis until June 17, 2023 upon the deposit of an additional $125K into the trust account per monthly extension.
WinVest Acquisition extends termination date of business combination by one month
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