WinVest Acquisition Corp. Faces Delisting Notice
Ticker: WINVW · Form: 8-K · Filed: Sep 20, 2024 · CIK: 1854463
| Field | Detail |
|---|---|
| Company | Winvest Acquisition Corp. (WINVW) |
| Form Type | 8-K |
| Filed Date | Sep 20, 2024 |
| Risk Level | high |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, 8-K
Related Tickers: WINV
TL;DR
WINV got a delisting notice, might be moving exchanges or facing trouble staying listed.
AI Summary
WinVest Acquisition Corp. filed an 8-K on September 20, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and a transfer of listing. The earliest event reported was September 17, 2024. The company is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing indicates potential issues with WinVest Acquisition Corp.'s compliance with stock exchange listing requirements, which could impact its trading status and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's continued trading on an exchange.
Key Players & Entities
- WinVest Acquisition Corp. (company) — Registrant
- September 17, 2024 (date) — Earliest event reported
- September 20, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
FAQ
What specific listing rule or standard has WinVest Acquisition Corp. failed to satisfy?
The filing does not specify the exact rule or standard that was not met, only that a notice has been issued.
What is the reason for the potential transfer of listing mentioned in the filing?
The filing indicates a 'Transfer of Listing' as part of the Item Information, but does not provide the specific reasons for this transfer.
When was the earliest event reported that led to this 8-K filing?
The earliest event reported was on September 17, 2024.
What is the company's state of incorporation and fiscal year end?
WinVest Acquisition Corp. is incorporated in Delaware and its fiscal year ends on December 31.
What is the SEC file number for WinVest Acquisition Corp.?
The SEC file number for WinVest Acquisition Corp. is 001-40796.
Filing Stats: 1,175 words · 5 min read · ~4 pages · Grade level 16.8 · Accepted 2024-09-20 16:15:21
Key Financial Figures
- $0.0001 — ck Market LLC Common Stock, par value $0.0001 per share WINV The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 50KB
- 0001493152-24-037605.txt ( ) — 285KB
- winv-20240917.xsd (EX-101.SCH) — 4KB
- winv-20240917_def.xml (EX-101.DEF) — 27KB
- winv-20240917_lab.xml (EX-101.LAB) — 38KB
- winv-20240917_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 8KB
Forward Looking Statements
Forward Looking Statements Certain statements in this Current Report on Form 8-K may be considered forward-looking statements. Forward-looking statements generally relate to future events or the future financial or operating performance of the Company. In some cases, you can identify forward-looking "estimate," "anticipate," "believe," "predict," "potential" or "continue," or the negatives of these terms or variations of them or similar terminology. Such statements may include, but are not limited to, statements regarding the Company's expectations regarding a hearing before the Panel and a stay of the suspension of trading on the Company's securities and the Company's plan to complete a business combination with Xtribe and thereby regain compliance with Nasdaq listing requirements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to: our ability to cure any deficiencies in compliance with Nasdaq Listing Rule IM-5101-2 or maintain compliance with other Nasdaq listing rules, our eligibility for additional compliance periods, if necessary, in which to seek to regain compliance with Nasdaq Listing Rule IM-5101-2 by completing a business combination with Xtribe, our ability to meet applicable Nasdaq requirements for any such additional compliance period and risks related to the substantial costs and diversion of management's attention and resources due to these matters, risks related to the expected timing and likelihood of completion of the proposed transaction, including the risk that the proposed transaction may not close due to the failure to receive the re