Financial services SPAC WinVest Acquisition prices $100 million IPO

WinVest Acquisition, a blank check company formed by Trefis targeting the financial services industry, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, one right to receive one-fifteenth of a share upon the completion of an initial business combination, and one warrant to purchase one-half of a share, exercisable at $11.50.

The company is led by CEO, CFO, and Director Manish Jhunjhunwala, who is the co-founder and CEO of Trefis, a business and financial data analytics and technology company. WinVest Acquisition plans to target the financials services industry, with a particular focus on financial media, brokerage, banking, investing, and wealth management. Additionally, the company currently intends to combine with Trefis concurrent with the completion of its initial business combination, but will not complete a combination with only Trefis.

WinVest Acquisition plans to list on the Nasdaq under the symbol WINVU. Chardan Capital Markets acted as sole bookrunner on the deal.