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Nova Vision Acquisition Corp. (NASDAQ: NOVV) has announced an extension to its business combination deadline. The company's sponsor, Nova Pulsar Holdings , has deposited $6,301.56 into the trust account, allowing for a one-month extension from September 10, 2024, to October 10, 2024.
This contribution equates to approximately $0.03 per ordinary share issued at the initial public offering that has not been redeemed. In exchange, the company issued a promissory note to the sponsor, convertible into units at $10.00 per unit upon consummation of a business combination.
Nova Vision Acquisition Corp., a special purpose acquisition company (SPAC), aims to use this additional time to complete a merger, share exchange, asset acquisition, or similar business combination with one or more businesses.
Nova Vision Acquisition Corp. (NASDAQ: NOVV), a special purpose acquisition company, has announced an extension to its business combination deadline. The company's sponsor, Nova Pulsar Holdings , has deposited $6,301.56 into the trust account, representing about $0.03 per ordinary share not yet redeemed from the initial public offering.
This deposit extends the period for completing a business combination by one month, from August 10, 2024, to September 10, 2024. In exchange, NOVV issued a promissory note to the sponsor, convertible into company units at $10.00 per unit upon closing a business combination. Each unit comprises one ordinary share, one warrant for half a share, and one right for a tenth of a share.
NOVV aims to merge with businesses in fintech, proptech, consumertech, and supply chain management industries or related technology sectors.
Nova Vision Acquisition Corp. (NASDAQ: NOVV) announced on July 09, 2024, that its sponsor, Nova Pulsar Holdings , deposited $69,763.37 into the company’s trust account to extend the deadline for completing a business combination by one month, from July 10 to August 10, 2024. This corresponds to approximately $0.045 per share issued at the initial public offering that remains unredeemed. A promissory note was issued to the sponsor for the deposited amount, bearing no interest and convertible into the company's units at $10.00 per unit upon the closing of a business combination. Nova Vision aims to merge with companies in fintech, proptech, consumertech, and related sectors.
Nova Vision Acquisition Corp. (NASDAQ: NOVV) has announced an additional contribution of $69,763.37 by its IPO sponsor, Nova Pulsar Holdings , to the company's trust account. This contribution extends the timeframe for completing a business combination from June 10, 2024, to July 10, 2024. The company issued a promissory note bearing no interest, which is convertible into units at $10.00 per unit upon the closing of a business combination. Nova Vision is a special purpose acquisition company (SPAC) aiming to merge with businesses in fintech, proptech, consumertech, and supply chain management sectors.
Nova Vision Acquisition Corp. announced an additional contribution to extend the period for a business combination until June 10, 2024. The Company's sponsor deposited $69,763.37 in the Trust Account to provide more time for a potential merger or acquisition. The extension aims to facilitate the completion of a business combination within the specified timeframe.
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