WinVest Acquisition (WINV)

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WinVest Acquisition (WINV) - 2023 Q1 - Quarterly Report
2023-05-22 13:39
Financial Performance - As of March 31, 2023, the company reported a net loss of $404,527 and operating expenses of $569,578, primarily due to professional services costs [126]. - The company has substantial doubt about its ability to continue as a going concern due to liquidity uncertainties and a mandatory liquidation date within one year [142]. - The company generated non-operating income from interest on funds held in the Trust Account, but no significant changes in financial position occurred since the last audited financial statements [125]. Capital Structure - The company completed its Initial Public Offering on September 17, 2021, raising gross proceeds of $100 million from the sale of 10,000,000 units at $10.00 per unit [129]. - Following the Initial Public Offering, the company had $116,150,000 of net proceeds deposited in the Trust Account for public stockholders [134]. - The company issued an unsecured promissory note to its Sponsor for up to $300,000, with $123,000 outstanding as of March 31, 2023 [128]. - Holders of 9,606,887 shares of Common Stock redeemed their shares for approximately $98.0 million at a redemption price of about $10.20 per share [136]. - Deferred underwriting discounts and commissions of $4,025,000 will be payable to underwriters upon consummation of the initial business combination [146]. Operational Status - The company has not commenced core operations and will not generate operating revenues until after completing an initial business combination [117]. - The company has not commenced any operations and will not generate operating revenues until after the initial business combination [140]. - The company has until June 17, 2023, to complete its initial business combination, with the possibility of extending this period [119]. - The company has until June 17, 2023, to consummate its initial business combination, with a potential extension to July 17, 2023, contingent on a $65,000 deposit into the Trust Account [141]. Financial Position - The company had $57,048 in its operating bank account and a working capital deficit of $1,401,576 as of March 31, 2023 [127]. - As of March 31, 2023, the company had approximately $20.0 million in marketable securities held in the Trust Account, intended for completing the initial business combination [137]. - The company held $57,048 outside the Trust Account, which will be used for corporate filing, compliance expenses, and evaluating target businesses [139]. - The company has no long-term debt or significant liabilities as of March 31, 2023, except for a monthly fee of $10,000 to the Sponsor for administrative support [145]. - The company does not have any off-balance sheet arrangements or special purpose entities as of March 31, 2023 [147]. Compliance and Reporting - The company incurred ongoing expenses related to being a public company, including legal and financial reporting costs [125]. - The company is evaluating the impact of recent accounting standards updates but does not expect them to materially affect financial statements [149]. - If the Charter Extension Amendment is approved, public stockholders may redeem their shares for cash based on the amount in the Trust Account, which could reduce available funds [141].
WinVest Acquisition (WINV) - 2022 Q4 - Annual Report
2023-03-31 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO ________ COMMISSION FILE NUMBER 001-40796 WINVEST ACQUISITION CORP. (Exact name of registrant as specified in its charter) | Delaware | 86-2451181 | | --- | --- ...
WinVest Acquisition (WINV) - 2022 Q3 - Quarterly Report
2022-11-15 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40796 WINVEST ACQUISITION CORP. FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 (Exact Name of Registrant as Specified in Its Charter) | Delaware | 86-2451181 | | --- | -- ...
WinVest Acquisition (WINV) - 2022 Q2 - Quarterly Report
2022-08-12 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40796 WINVEST ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 86-2451181 | | --- | --- | | ...
WinVest Acquisition (WINV) - 2022 Q1 - Quarterly Report
2022-05-13 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WINVEST ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 86-2451181 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | 125 Cambridgepark Drive, Suite 301 Cambridge, Massachusetts 02140 (Address of principal executiv ...
WinVest Acquisition (WINV) - 2021 Q4 - Annual Report
2022-04-15 21:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO ________ COMMISSION FILE NUMBER 001-40796 WINVEST ACQUISITION CORP. (Exact name of registrant as specified in its charter) | Delaware | 86-2451181 | | --- | --- ...
WinVest Acquisition (WINV) - 2021 Q3 - Quarterly Report
2021-11-15 21:15
or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 For the transition period from to Commission file number: 001-40796 WINVEST ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 86-2451181 | | --- | -- ...