8-K

WinVest Acquisition Corp. (WINV)

8-K 2021-10-01 For: 2021-09-27
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Added on April 06, 2026

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM8-K

CURRENTREPORT

Pursuantto Section 13 or Section 15(d)

ofthe Securities Exchange Act of 1934

Dateof Report (Date of earliest event reported): September 27, 2021

WINVESTACQUISITION CORP.

(Exactname of registrant as specified in its charter)

Delaware 001-40796 86-2451181
(State or other jurisdiction of incorporation or organization) (Commission<br><br> <br>File Number) (I.R.S. Employer<br><br> <br>Identification Number)

125Cambridgepark Drive, Suite 301

Cambridge,Massachusetts

02140

(Addressof principal executive offices)

Registrant’stelephone number, including area code: (617) 658-3094

NotApplicable

(Formername or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading<br><br> <br>Symbol(s) Name of each exchange on which registered
Units, each consisting of one share of Common Stock, one redeemable Warrant, and one right WINVU The Nasdaq Stock Market LLC
Common Stock, par value $0.0001 per share WINV The Nasdaq Stock Market LLC
Warrants to acquire 1/2 of a share of Common Stock WINVW The Nasdaq Stock Market LLC
Rights to acquire one-fifteenth of one share of Common Stock WINVR The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

EXPLANATORYNOTE

WinVest Acquisition Corp. (the “Company”) intends to use the extended transition period afforded to emerging growth companies for complying with any new or revised accounting standards provided pursuant to Section 13(a) of the Securities Exchange Act of 1934. As such, the check box indicating a registrant’s election to opt out of the extended transition period (the “Opt-Out Check Box”) on the cover page of this Current Report on Form 8-K has been left unchecked. Due to a clerical error, the Opt-Out Check Box was inadvertently checked on the cover page of the Company’s Current Report on Form 8-K filed with Securities and Exchange Commission (the “Commission”) on September 23, 2021.


Item8.01. Other Events.

As previously disclosed in the Company’s Current Report on Form 8-K filed with the Commission on September 20, 2021 (the “Prior Report”), on September 14, 2021, the Company consummated its initial public offering (the “IPO”) of 10,000,000 units (the “Units”). Each Unit consists of one share of common stock of the Company, $0.0001 par value per share (the “Common Stock”), one redeemable warrant (the “Public Warrant”), with each Public Warrant entitling the holder thereof to purchase one-half (1/2) of one share of Common Stock at an exercise price of $11.50 per whole share, subject to adjustment and one right (the “Right”), with each Right entitling the holder thereof to receive one-fifteenth (1/15) of one share of Common Stock upon the consummation by the Company of an initial business combination. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $100,000,000. The Company also granted the underwriters a 45-day option to purchase up to 1,500,000 additional Units to cover over-allotments, if any.

As also previously disclosed in the Prior Report, simultaneously with the consummation of the IPO, the Company completed the private sale of 10,000,000 warrants (the “Private Placement Warrants”) at a price of $0.50 per Private Placement Warrant to WinWest SPAC LLC (the “Sponsor”), generating gross proceeds of $5,000,000 (such sale, the “Private Placement”). Each Private Placement Warrant entitles the holders to purchase one-half of one share of Common Stock at a price of $11.50 per whole share, subject to adjustment.

On September 23, 2021, the underwriters fully exercised the over-allotment option and purchased an additional 1,500,000 Units (the “Over-Allotment Units”), generating gross proceeds of $15,000,000 on September 27, 2021. Simultaneously with the sale of Over-Allotment Units, the Company consummated a private sale of an additional 900,000 Private Placement Warrants (the “Additional Private Placement Warrants”) to the Sponsor at a purchase price of $0.50 per Private Warrant, generating gross proceeds of $450,000. As of September 27, 2021, a total of $116,150,000 of the net proceeds from the IPO and the sale of the Private Placement Warrants and the Additional Private Placement Warrants were deposited in a trust account established for the benefit of the Company’s public stockholders.

An audited balance sheet as of September 17, 2021 reflecting receipt of the net proceeds from the IPO and the Private Placement Warrants, but not the net proceeds from the sale of the Over-Allotment Units or the Additional Private Placement Warrants, was previously included as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed with the Commission on September 23, 2021. The Company’s unaudited pro forma balance sheet as of September 27, 2021 reflecting receipt of the net proceeds from the sale of the Over-Allotment Units and the Additional Private Placement Warrants is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Item9.01. Financial Statements and Exhibits.

Exhibit<br> No. Description
99.1 Unaudited Pro Forma Balance Sheet as of September 27, 2021

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 1, 2021

WINVEST ACQUISITION CORP.
By: /s/ Manish Jhunjhunwala
Name: Manish<br> Jhunjhunwala
Title: Chief<br> Executive Officer and Chief Financial Officer

Exhibit99.1


WINVESTACQUISITION CORP.

BALANCESHEET

Pro Forma
Adjustments As<br> Adjusted
(Unaudited) (Unaudited)
ASSETS
Current assets
Cash 638,000 $ - $ 638,000
Prepaid<br> expenses 393,500 - 393,500
Total current assets 1,031,500 - 1,031,500
Prepaid expenses, long-term portion 389,188 - 389,188
Cash held in Trust Account 101,000,000 15,150,000 116,150,000
Total assets 102,420,688 $ 15,150,000 $ 117,570,688
LIABILITIES AND STOCKHOLDERS’<br> EQUITY
Current liabilities:
Accounts payable and accrued<br> liabilities 4,180 $ - $ 4,180
Related<br> party payables 20,317 - 20,317
Total current liabilities 24,497 - 24,497
Deferred underwriting<br> commissions 3,500,000 525,000 4,025,000
Total liabilities 3,524,497 525,000 4,049,497
Commitments and Contingencies
Common stock subject to possible redemption,<br> par value 0.0001, 100,000,000 shares authorized; 10,000,000 and 11,500,000 shares issued and outstanding 100,000,000 15,000,000 115,000,000
Stockholders’ equity (deficit):
Common stock, par value<br> 0.0001, 100,000,000 shares authorized; 2,875,000 shares issued and outstanding 288 - 288
Additional paid-in capital - - -
Accumulated deficit (1,104,097 ) (375,000 ) (1,479,097 )
Total stockholders’<br> deficit (1,103,809 ) (375,000 ) (1,478,809 )
Total liabilities and<br> stockholders’ equity 102,420,688 $ 15,150,000 $ 117,570,688

All values are in US Dollars.