WinVest Acquisition Corp. announced a private placement of $330,000 an unsecured promissory note on November 30, 2023. The transaction will include participation from returning lender WinVest SPAC LLC.

The note does not bear interest and matures upon the earlier of the closing of a business combination or the company?s liquidation. In the event that the company does not consummate a business combination, the note will be repaid only from amounts remaining outside of the trust account, if any. The principal of this note may be drawn down from time to time in up to six equal amounts of $55,000 per draw, beginning on the date hereof.