WinVest Acquisition Corp (NASDAQ: WINV) is a special purpose acquisition company (SPAC) that raised capital through an initial public offering with the stated purpose of completing a single merger, capital stock exchange, asset acquisition, stock purchase, or similar business combination with one or more target businesses. The company does not generate operating revenue. It holds IPO proceeds in a trust account maintained by Continental Stock Transfer & Trust Company, with $116,150,000 in gross proceeds deposited at IPO and approximately $3.2 million remaining in the Trust Account as of the filing date after redemptions of 11,279,964 public shares. If no Initial Business Combination is completed by September 17, 2026, the company must dissolve and distribute remaining Trust Account funds to public stockholders. WinVest is headquartered in Irvine, California, with offices also noted in Cambridge, Massachusetts. The company was co-founded by Manish Jhunjhunwala, who serves as CEO, CFO, and Director, and Jeff LeBlanc. The sponsor entity is WinVest SPAC LLC. The company's independent auditor has issued a going concern qualification as of the 10-K filed March 30, 2026.

Revenue model

WinVest generates no operating revenue. Its structure is transactional: proceeds from the IPO and private placement are held in trust and returned to public stockholders either upon a completed business combination or upon dissolution. Interest earned in the Trust Account may be released to cover income tax obligations.

Products and services

WinVest offers no products or services. Its sole activity is identifying and completing an Initial Business Combination. Founder shares (2,875,000 shares of common stock at $0.0001 par value) and private placement warrants were issued to the sponsor, WinVest SPAC LLC, prior to the IPO.

Customers and end markets

WinVest's capital providers are its public stockholders and its sponsor. Public stockholders have redemption rights against the Trust Account. The company has disclosed no target industry or end market for its business combination as of the 10-K filed March 30, 2026.

Value-chain role

WinVest functions as a blank-check acquisition vehicle, sitting between public capital markets and a yet-to-be-identified private or public target company. It has no operating role in any value chain until a business combination is completed.

Geographic exposure

WinVest is incorporated in Delaware and headquartered in Irvine, California. No international operations or geographic target markets are disclosed in the 10-K filed March 30, 2026.

Source: SEC 10-K, filed 2026-03-30

Industry: Blank Checks