WinVest Acquisition Corp. 8-K

What Happened
WinVest Acquisition Corp. filed an 8-K (Item 2.03) reporting that on January 10, 2026 it effected the fifth drawdown of $30,000 under an unsecured $180,000 promissory note issued by the company to its sponsor, WinVest SPAC LLC. The $30,000 was deposited into the trust account in connection with extending the company’s deadline to complete an initial business combination (the “Termination Date”) from January 17, 2026 to February 17, 2026.

The Promissory Note was originally issued on September 16, 2025, does not bear interest, and can be drawn in up to six equal installments of $30,000. The note matures upon the earlier of (a) closing of a business combination or (b) the company’s liquidation. If the company fails to complete a business combination, repayment of the note’s principal is limited to amounts remaining outside the IPO trust account, if any.

Key Details

• Promissory Note principal: $180,000 (unsecured, interest-free), issued Sept 16, 2025.
• Drawdown on Jan 10, 2026: fifth $30,000 installment deposited into the trust account.
• Draw structure: up to six equal draws of $30,000 each; note matures at business combination closing or liquidation.
• Repayment if no deal: repaid only from amounts remaining outside the IPO trust account (i.e., sponsor repayment is not guaranteed from trust funds).

Why It Matters
This is sponsor-provided short-term funding to keep the SPAC active while it seeks a target. The $30,000 deposit increases the cash held in the trust account and will be available for distribution to public shareholders upon liquidation or for redemptions related to a completed business combination. Because the note is unsecured, interest-free, and repayable only from funds outside the trust if no deal is completed, sponsors face limited downside on repayment—important context for investors assessing sponsor commitments and the SPAC’s runway.