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WINV

WinVest Acquisition Corp.

WINV

WinVest Acquisition Corp. • NASDAQ
$12.55 ▲ 0.00% (+0.00)
Market Cap $38.84 M
52w High $19.00
52w Low $11.70
Dividend Yield 0%
P/E -16.09
Volume 1
Outstanding Shares 3.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $0 $848.137K ▼ $-801.555K ▲ 0% $-0.52 ▲ $-427.197K ▲
Q3-2024 $0 $946.492K ▲ $-883.742K ▼ 0% $-0.58 ▼ $-946.492K ▼
Q2-2024 $0 $553.16K ▲ $-440.207K ▼ 0% $-0.15 ▼ $-553.16K ▼
Q1-2024 $0 $225.101K ▼ $-106.446K ▲ 0% $-0.026 ▲ $-82.446K ▼
Q4-2023 $0 $287.808K $-180.927K 0% $-0.045 $756.539K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $566 ▲ $3.34M ▼ $10.033M ▲ $-6.694M ▼
Q3-2024 $548 ▲ $5.888M ▲ $9.048M ▲ $-3.16M ▼
Q2-2024 $477 ▼ $5.8M ▼ $8.076M ▲ $-2.276M ▼
Q1-2024 $50.121K ▲ $12.924M ▲ $7.319M ▲ $5.605M ▼
Q4-2023 $37.946K $12.724M $7.013M $5.711M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-801.555K ▼ $-195.282K ▲ $2.711M ▲ $-2.516M ▼ $0 $-195.282K ▼
Q3-2024 $1.476T ▲ $-230.429K ▲ $-90K ▼ $320.5K ▲ $0 ▲ $1.615T ▲
Q2-2024 $-440.207K ▼ $-449.844K ▼ $7.227M ▲ $-6.827M ▼ $-49.644K ▼ $-449.84K ▼
Q1-2024 $-106.446K ▲ $-99.875K ▲ $-124.95K ▼ $237K ▲ $12.175K ▼ $-99.875K ▲
Q4-2023 $-180.927K $-712.521K $1.727M $-977.018K $37.068K $-712.521K

Five-Year Company Overview

Income Statement

Income Statement WinVest is a pure SPAC shell, so its income statement is mostly administrative costs with no operating revenue. Over time, its per‑share loss has been drifting wider, reflecting professional fees, legal and deal-related costs while it has no business of its own to offset those expenses. In practical terms, the company is slowly consuming its small remaining capital as it works toward the Xtribe merger, rather than generating any income.

Balance Sheet

Balance Sheet The balance sheet has steadily shrunk as the SPAC structure has aged, with assets moving down from modest levels and shareholder equity slipping from positive to slightly negative territory. This pattern is typical of a SPAC whose trust funds have largely been redeemed and where ongoing expenses outpace what’s left of its capital. On the positive side, there is no financial debt shown, but the very slim asset base and negative equity suggest limited financial cushion if the merger were to be delayed further or fail.

Cash Flow

Cash Flow Reported cash flow lines are effectively flat, which is a quirk of the shell-company reporting rather than a sign of healthy operations. In reality, the SPAC has minimal inflows and recurring outflows for routine and transaction-related expenses, with no investment in physical assets and no internally generated cash from a real business. The economic picture is therefore one of cash being drawn down over time, not replenished.

Competitive Edge

Competitive Edge As of now, WinVest itself has no operating business, so its competitive position is really about the prospective Xtribe platform. Xtribe aims to carve out a niche as a hyper‑local marketplace that connects nearby buyers and sellers, emphasizing community, sustainability, and support for small businesses. Its potential strength lies in localized network effects: once a city or neighborhood reaches a critical mass of users, it can become very sticky. However, it faces intense indirect competition from large general platforms like Facebook Marketplace and Craigslist, and its success will depend heavily on execution, user acquisition, and its ability to stand out as safer, more curated, and more business‑friendly than those incumbents.

Innovation and R&D

Innovation and R&D The real innovation story sits with Xtribe. Its model blends geolocation, mobile‑first design, and AI‑driven recommendations to enable local discovery, bartering, renting, and buying within a single app. The platform is trying to go beyond basic classifieds by adding tools for small businesses, integrated chat, and a premium “Store” tier that helps local merchants market themselves. While traditional R&D line items are not visible here, the key development work appears to center on improving the app experience, personalization, and features that deepen local community engagement. WinVest itself does not drive this innovation; it serves as the financing and listing vehicle for Xtribe’s technology.

Summary

WinVest’s current financials are typical of a late‑stage SPAC: no revenue, small and shrinking asset base, no debt, and ongoing losses tied to administrative and deal costs. On a standalone basis, the company has limited financial substance and its future hinges almost entirely on whether the merger with Xtribe closes and how that operating business performs afterward. The upside case rests on Xtribe’s differentiated hyper‑local marketplace concept, potential network effects within communities, sustainability angle, and support for small businesses. The downside risks include prolonged deal delays, possible failure to close, intense competition from large established platforms, and the need for significant user growth—especially in the U.S.—to justify its strategy. In short, this is less a story about WinVest’s historical financial performance and more a story about the execution and adoption of Xtribe’s platform after the business combination is completed, if it proceeds as planned.

NEWS

September 16, 2025 · 5:37 PM UTC

WinVest Acquisition Corp. Announces Extension of Termination Date and Additional Contribution to Trust Account to Extend Termination Date

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