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WinVest Acquisition Corp. (OTC:WINV), a small-cap company with a market capitalization of $39.32 million, announced a change in its independent registered public accounting firm, according to a statement filed Friday with the Securities and Exchange Commission. The company’s stock currently trades at $11.32, near its 52-week low of $11.26, reflecting recent market concerns. According to InvestingPro analysis, the company’s current Fair Value suggests it is trading close to its intrinsic worth.
On Tuesday, the company dismissed Marcum LLP / CBIZ as its auditor, effective immediately. Marcum’s reports on WinVest’s financial statements for the fiscal years ended December 31, 2024, and December 31, 2023, did not contain adverse opinions or disclaimers, and were not qualified or modified regarding uncertainty, audit scope, or accounting principles, except for expressing substantial doubt about the company’s ability to continue as a going concern.
The filing states there were no disagreements between WinVest and Marcum during the audited periods or the interim period through October 21, 2025, on any matters of accounting principles, financial statement disclosure, or audit procedures. There were also no reportable events, except for a previously disclosed material weakness in the company’s internal control over financial reporting, as noted in its Annual Report on Form 10-K for the year ended December 31, 2024.
WinVest has provided Marcum with a copy of the disclosures in the filing and requested a letter addressed to the SEC stating whether Marcum agrees with the statements.
Effective Tuesday, WinVest engaged BCRG Group as its new independent registered public accounting firm for the fiscal years ending December 31, 2023, 2024, and 2025. According to the company, neither WinVest nor anyone acting on its behalf consulted with BCRG regarding the application of accounting principles to a specific transaction or the type of audit opinion that might be rendered on the company’s financial statements, nor were there any matters that were the subject of disagreement or reportable events.
This information is based on a company statement filed with the SEC.
In other recent news, WinVest Acquisition Corp. has announced that it has drawn $30,000 from an unsecured promissory note provided by its sponsor, WinVest SPAC LLC, to extend its merger deadline. This is the second drawdown from a $180,000 promissory note initially issued in September 2025. The funds are being used to support extensions of the deadline for completing an initial business combination. The promissory note, which does not accrue interest, will mature upon the closing of a business combination or the company’s liquidation. These developments were disclosed in the company’s latest SEC filing.
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