WinVest Acquisition Corp. Announces Extension of Termination Date and Additional Contribution to Trust Account to Extend Termination Date

Company Overview - WinVest Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effectuate mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses [4]. Business Combination Extension - The Board of Directors of WinVest Acquisition Corp. has approved an extension of the time available to consummate an initial business combination by one month, moving the deadline from July 17, 2024, to August 17, 2024 [1]. - The extension aims to provide additional time for the Company to complete its initial business combination [1]. Financial Details - In connection with the extension, the Company will deposit $30,000 into the trust account, which represents approximately$0.061 per unredeemed share of common stock issued during the initial public offering [3]. - This deposit is part of a second drawdown upon an unsecured non-interest-bearing promissory note totaling $180,000 issued by the Company to WinVest SPAC LLC, the Sponsor, on June 12, 2024 [3].