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Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to September 10, 2024

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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), una società di acquisizione con scopo speciale, ha annunciato un'estensione della scadenza per la combinazione aziendale. Lo sponsor della società, Nova Pulsar Holdings, ha depositato $6,301.56 nel conto fiduciario, equivalente a circa $0.03 per azione ordinaria non ancora riscattata dall'offerta pubblica iniziale.

Questo deposito estende il periodo per completare una combinazione aziendale di un mese, dal 10 agosto 2024 al 10 settembre 2024. In cambio, NOVV ha emesso una nota di credito allo sponsor, convertibile in unità aziendali a $10.00 per unità al momento della chiusura di una combinazione aziendale. Ogni unità comprende un'azione ordinaria, un warrant per metà azione e un diritto per un decimo di azione.

NOVV intende fondersi con aziende nei settori fintech, proptech, consumertech e gestione della catena di approvvigionamento o settori tecnologici correlati.

Nova Vision Acquisition Corp. (NASDAQ: NOVV), una compañía de adquisición de propósito especial, ha anunciado una extensión de su plazo para la combinación empresarial. El patrocinador de la compañía, Nova Pulsar Holdings, ha depositado $6,301.56 en la cuenta fiduciaria, lo que representa aproximadamente $0.03 por acción ordinaria que aún no ha sido canjeada de la oferta pública inicial.

Este depósito extiende el período para completar una combinación empresarial por un mes, del 10 de agosto de 2024 al 10 de septiembre de 2024. A cambio, NOVV emitió un pagaré al patrocinador, convertible en unidades de la empresa a $10.00 por unidad al cerrar una combinación empresarial. Cada unidad comprende una acción ordinaria, un warrant por media acción y un derecho por un décimo de acción.

NOVV tiene como objetivo fusionarse con empresas en los sectores de fintech, proptech, consumertech y gestión de la cadena de suministro o sectores tecnológicos relacionados.

Nova Vision Acquisition Corp. (NASDAQ: NOVV)는 특별 목적 인수 회사로, 비즈니스 조합 마감 기한 연장을 발표했습니다. 회사의 스폰서인 Nova Pulsar Holdings는 신탁 계좌에 $6,301.56를 예치하였으며, 이는 초기 공모에서 아직 상환되지 않은 보통주당 약 $0.03에 해당합니다.

이 예치는 비즈니스 조합을 완료하는 기간을 한 달 연장하여 2024년 8월 10일에서 2024년 9월 10일로 변경합니다. 그 대가로 NOVV는 스폰서에게 약속어음을 발행했으며, 이는 비즈니스 조합이 완료될 경우 단위당 $10.00에 회사 단위로 전환 가능합니다. 각 단위는 하나의 보통주, 반 개의 주식에 대한 워런트, 그리고 1/10 주식에 대한 권리를 포함합니다.

NOVV는 핀테크, 프롭테크, 소비자 기술 및 공급망 관리 산업 또는 관련 기술 분야의 기업과 합병할 목표를 가지고 있습니다.

Nova Vision Acquisition Corp. (NASDAQ: NOVV), une société d'acquisition à but spécial, a annoncé une prolongation de son délai de combinaison d'affaires. Le sponsor de la société, Nova Pulsar Holdings, a déposé $6,301.56 sur le compte fiduciaire, ce qui représente environ $0.03 par action ordinaire non encore échangée lors de l'offre publique initiale.

Ce dépôt prolonge la période de réalisation d'une combinaison d'affaires de un mois, du 10 août 2024 au 10 septembre 2024. En échange, NOVV a émis une reconnaissance de dette au sponsor, convertible en unités de l'entreprise à $10.00 par unité lors de la clôture d'une combinaison d'affaires. Chaque unité comprend une action ordinaire, un bon de souscription pour une demi-action et un droit pour un dixième d'action.

NOVV vise à fusionner avec des entreprises dans les secteurs fintech, proptech, consumertech et gestion de la chaîne d'approvisionnement ou des secteurs technologiques connexes.

Nova Vision Acquisition Corp. (NASDAQ: NOVV), ein Unternehmen zur Spesialzweck-Akquisition, hat eine Verlängerung der Frist für die Unternehmensfusion bekannt gegeben. Der Sponsor des Unternehmens, Nova Pulsar Holdings, hat $6,301.56 auf das Treuhandkonto eingezahlt, was etwa $0.03 pro Stammaktie entspricht, die noch nicht aus dem Börsengang eingelöst wurde.

Diese Einzahlung verlängert den Zeitraum für den Abschluss einer Unternehmensfusion um einen Monat, von 10. August 2024 bis 10. September 2024. Im Austausch dafür hat NOVV dem Sponsor eine Schuldanerkennung ausgegeben, die bei Abschluss einer Unternehmensfusion in Unternehmensanteile zu $10.00 pro Einheit umwandelbar ist. Jede Einheit besteht aus einer Stammaktie, einem Warrant für eine halbe Aktie und einem Recht auf ein Zehntel einer Aktie.

NOVV strebt an, mit Unternehmen in den Bereichen Fintech, Proptech, Consumertech und Lieferkettenmanagement oder verwandten Technologiesektoren zu fusionieren.

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Singapore, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor (“Sponsor”), has deposited into the Company’s trust account (the “Trust Account”) an aggregate of $6,301.56 (representing approximately $0.03 per ordinary share issued at the Company’s initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from August 10, 2024 to September 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company’s units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company’s initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

About Nova Vision Acquisition Corp.

Nova Vision Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Nova Vision Acquisition Corp. anticipates target companies that focus in the fintech, proptech, consumertech, and supply chain management industries or technology companies that serve these or other sectors.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact:
Nova Vision Acquisition Corp.
Investor Relations
info@novavisionacquisition.com


FAQ

What is the new deadline for Nova Vision Acquisition Corp (NOVV) to complete a business combination?

The new deadline for Nova Vision Acquisition Corp (NOVV) to complete a business combination is September 10, 2024.

How much did Nova Vision Acquisition Corp's sponsor deposit to extend the business combination period?

Nova Vision Acquisition Corp's sponsor deposited $6,301.56 into the trust account to extend the business combination period.

What industries is Nova Vision Acquisition Corp (NOVV) targeting for a business combination?

Nova Vision Acquisition Corp (NOVV) is targeting companies in fintech, proptech, consumertech, and supply chain management industries or technology companies serving these sectors.

What is the conversion price of the promissory note issued by Nova Vision Acquisition Corp (NOVV)?

The promissory note issued by Nova Vision Acquisition Corp (NOVV) is convertible into company units at a price of $10.00 per unit at the closing of a business combination.

How long did Nova Vision Acquisition Corp (NOVV) extend its business combination period?

Nova Vision Acquisition Corp (NOVV) extended its business combination period by one month, from August 10, 2024, to September 10, 2024.

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