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WinVest Acquisition Corp. (OTC:WINV) reported Friday that it drew $30,000 from an unsecured promissory note provided by its sponsor, WinVest SPAC LLC, to fund an extension of its merger deadline. The information comes from a press release statement included in the company’s latest SEC filing.
According to the filing, this is the second drawdown under a $180,000 unsecured promissory note originally issued on September 16, 2025. The sponsor agreed to loan up to $180,000 to support extensions of the deadline by which WinVest Acquisition must complete an initial business combination. The note does not accrue interest and matures upon either the closing of a business combination or the company’s liquidation.
The $30,000 drawn on October 10 was deposited into the company’s trust account, extending the deadline for completing a merger from October 17 to November 17, 2025. The principal of the note may be drawn in up to six equal amounts of $30,000 each.
If WinVest Acquisition does not complete a business combination, repayment of the note will be made only from funds remaining outside the trust account, if any. The deposited funds will be distributed to holders of the company’s public shares either upon liquidation or to those who elect redemption in connection with a business combination.
WinVest Acquisition Corp. is traded on OTC Markets Group Inc. under the symbols WINV, WINVU, WINVW, and WINVR. The company currently reports a loss per share of $0.62 over the last twelve months.
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