Brief: Commerce Platform Xtribe To Go Public On Nasdaq Via $141 Mln SPAC Deal

WinVest Acquisition

09/05/2024 22:28

May 9 (Reuters) - WinVest Acquisition Corp  WINV.O :
    * XTRIBE, TECHNOLOGY-DRIVEN GEOLOCATION-BASED COMMERCE
PLATFORM,
TO GO PUBLIC ON NASDAQ THROUGH PROPOSED BUSINESS COMBINATION
WITH WINVEST ACQUISITION CORP. (NASDAQ: WINV)
    * WINVEST ACQUISITION CORP - BUSINESS COMBINATION AGREEMENT
VALUES
XTRIBE AT AN IMPLIED EQUITY VALUE OF APPROXIMATELY $141 MILLION
    * WINVEST ACQUISITION CORP - XTRIBE MANAGEMENT TEAM, LED BY
FOUNDER ENRICO DAL MONTE, WILL MANAGE COMBINED COMPANY AFTER
CLOSING OF PROPOSED TRANSACTION
    * WINVEST ACQUISITION CORP - UPON CLOSING, COMBINED COMPANY
WILL
BE RENAMED "XTRIBE HOLDINGS LIMITED"
    * WINVEST ACQUISITION CORP - XTRIBE SHAREHOLDERS TO RETAIN
MAJORITY POST-MERGER

Source text for Eikon:  ID:nGNX77p8Z0 
Further company coverage:  WINV.O 

 ((Reuters.Briefs@thomsonreuters.com;))