WinVest Acquisition Corp. Announces complete Exercise of $15 Million Over-…

Cambridge, MA, Sept. 27, 2021 (GLOBE NEWSWIRE) — WinVest Acquisition Corp. (NASDAQ: WINVU, the “Company”) announced today that the underwriters of its initial public offering exercised in complete their over-allotment option and purchased 1,500,000 units on September 27, 2021. The 11,500,000 units sold in the offering, including the 1,500,000 units unprotected to the over-allotment option, were sold at an offering price of $10.00 per unit, resulting in total gross proceeds of $115,000,000.

Each unit consists of one proportion of shared stock, one right and one redeemable warrant. Each right entitles the holder thereof to receive one-fifteenth (1/15) of one proportion of shared stock upon the consummation of an initial business combination and each redeemable warrant entitles the holder thereof to buy one-half (1/2) of one proportion of shared stock at $11.50 per whole proportion. Once the securities comprising the units begin separate trading, the shared stock, rights and warrants are expected to be listed on The Nasdaq Capital Market (“NASDAQ”) under the signs “WINV,” “WINVR” and “WINVW,” respectively. The units began trading on NASDAQ under the ticker symbol “WINVU” on September 15, 2021.

Chardan acted as only book running manager in the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 14, 2021. The offering was made only by method of a prospectus, copies of which may be obtained by contacting Chardan, 17 State Street, 21st floor, New York, New York 10004. Copies of the registration statement can be accessed by the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful 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 formed for the purpose of effecting a merger, proportion exchange, asset acquisition, stock buy, recapitalization, reorganization or similar business combination with one or more businesses. WinVest Acquisition Corp. intends to focus its initial search on target businesses in the financial sets industry, with a particular focus on financial media, brokerage, banking, investing, and wealth management. The proceeds of the offering will be used to fund such business combination.

Forward Looking Statements

This press release includes forward-looking statements that include risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the Company’s search for an initial business combination and the expected use of proceeds of the Company’s initial public offering, are unprotected to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to mirror any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact:

WinVest Acquisition Corp.
Manish Jhunjhunwala
(617) 658-3094

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