M&A - Winvest Group Ltd

Form Type: 10-Q

Filing Date: 2025-05-16

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225003880

Filing Summary: Winvest Group Ltd reported its financial results for the quarter ended March 31, 2025, with a detailed analysis of its financial condition. The company incurred a net loss of $147,946 for the first quarter of 2025 compared to a loss of $121,578 in the same period of the previous year. Key components of the report include total assets of approximately $14.75 million and total liabilities of about $1.57 million, resulting in stockholders' equity of $13.18 million. The firm reported no revenue during the quarter, a stark contrast to $64,840 from the previous year. Operating expenses were significantly higher, totaling $146,352, an increase from $97,743 year-over-year. The report emphasizes the need for additional financing sources due to accumulated losses and a deficit in working capital. Winvest Group’s narrative details an acquisition made earlier involving the purchase of equity interests in The Catalyst Group Entertainment and IQI Media, marking the transition from a shell company to one with ongoing operations. This acquisition is significant as it continues to shape the company’s growth strategy, alongside the continued exploration of its funding avenues to support future expansion.