Cambridge, MA, September 17, 2021 (GLOBE NEWSWIRE) – WinVest Acquisition Corp. (NASDAQ: WINVU, the âCompanyâ) today announced the closing of its initial public offering of 10,000,000 units at a price of $ 10.00 per unit, resulting in total gross proceeds of $ 100,000,000. Each unit consists of one common share, one right and one redeemable warrant. Each right gives its holder the right to receive one-fifteenth (1/15) of an ordinary share upon the completion of an initial business combination and each redeemable warrant allows its holder to purchase half ( 1/2) one common share at $ 11.50 per whole share. Once the securities comprising the Units begin to trade separately, the Common Shares, Rights and Warrants should be listed on the Nasdaq Capital Market (âNASDAQâ) under the symbols âWINVâ, âWINVRâ and â WINVW â, respectively.
The Units began trading on NASDAQ under the symbol “WINVU” on September 15, 2021.
Chardan acted as the sole book manager in the offering. The underwriters have been given a 45-day option to purchase up to 1,500,000 additional units offered by the Company to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 14, 2021. The offer is being made only by means of a prospectus, copies of which can be obtained by contacting Chardan, 17 State Street , 21st floor, New York, New York 10004. Copies of the registration statement can be viewed on the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.
About WinVest Acquisition Corp.
WinVest Acquisition Corp. is a blank check company incorporated for the purpose of effecting a merger, share swap, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or several companies. WinVest Acquisition Corp. intends to focus its initial research on target companies in the financial services industry, with particular emphasis on financial media, brokerage, banking, investment and wealth management. The proceeds of the placement will be used to finance this business combination.
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements, including the anticipated use of proceeds from the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from forward-looking statements. The Company expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in the Company’s expectations in this regard or any change in events, conditions or circumstances on on which a statement is based, unless required by law.
WinVest Acquisition Corp. Manish Jhunjhunwala (617) 658-3094
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