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

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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) ha annunciato un'estensione della scadenza per la sua combinazione aziendale. Il sponsor dell'azienda, Nova Pulsar Holdings, ha depositato $6,301.56 nel conto fiduciario, consentendo un'estensione di un mese da 10 settembre 2024 a 10 ottobre 2024.

Questo contributo equivale a circa $0.03 per azione ordinaria emessa nell'offerta pubblica iniziale che non è stata riscattata. In cambio, l'azienda ha emesso una cambiale a favore dello sponsor, convertibile in unità a $10.00 per unità al momento della conclusione di una combinazione aziendale.

Nova Vision Acquisition Corp., una società di acquisizione a scopo speciale (SPAC), mira a utilizzare questo tempo aggiuntivo per completare una fusione, uno scambio di azioni, un'acquisizione di beni o una combinazione aziendale simile con una o più aziende.

Nova Vision Acquisition Corp. (NASDAQ: NOVV) ha anunciado una extensión de la fecha límite para su combinación comercial. El patrocinador de la empresa, Nova Pulsar Holdings, ha depositado $6,301.56 en la cuenta fiduciaria, lo que permite una extensión de un mes desde 10 de septiembre de 2024 a 10 de octubre de 2024.

Esta contribución equivale a aproximadamente $0.03 por acción ordinaria emitida en la oferta pública inicial que no ha sido canjeada. A cambio, la empresa emitió un pagaré al patrocinador, convertible en unidades a $10.00 por unidad al culminar una combinación empresarial.

Nova Vision Acquisition Corp., una empresa de adquisición de propósito especial (SPAC), tiene como objetivo utilizar este tiempo adicional para completar una fusión, un intercambio de acciones, una adquisición de activos u otra combinación empresarial similar con una o más empresas.

노바 비전 인수 법인 (NASDAQ: NOVV)이 기업 결합 마감 일자 연장을 발표했습니다. 회사의 스폰서인 노바 펄사 홀딩스가 신탁 계좌에 $6,301.56을 입금하였으며, 이에 따라 2024년 9월 10일에서 2024년 10월 10일로 한 달 연장이 가능합니다.

이 기여는 상장 초기에 발행되었으나 환매되지 않은 보통주당 약 $0.03에 해당합니다. 그 대가로 회사는 스폰서에게 $10.00당 유닛으로 전환 가능한 약속어음을 발행했습니다.

노바 비전 인수 법인은 특별 목적 인수 회사(SPAC)로, 이 추가 시간을 사용하여 한 개 이상의 기업과의 합병, 주식 교환, 자산 인수 또는 유사한 사업 결합을 완료하는 것을 목표로 하고 있습니다.

Nova Vision Acquisition Corp. (NASDAQ: NOVV) a annoncé une extension de la date limite de sa combinaison commerciale. Le sponsor de l'entreprise, Nova Pulsar Holdings, a déposé $6,301.56 sur le compte fiduciaire, permettant une extension d'un mois du 10 septembre 2024 au 10 octobre 2024.

Cette contribution correspond à environ $0.03 par action ordinaire émise lors de l'introduction en bourse qui n'a pas été échangée. En échange, l'entreprise a émis un billet à ordre au sponsor, convertible en unités à $10.00 par unité lors de la réalisation d'une combinaison commerciale.

Nova Vision Acquisition Corp., une société d'acquisition à but spécial (SPAC), vise à utiliser ce temps supplémentaire pour compléter une fusion, un échange d'actions, une acquisition d'actifs ou une combinaison d'affaires similaire avec une ou plusieurs entreprises.

Nova Vision Acquisition Corp. (NASDAQ: NOVV) hat eine Verlängerung der Frist für ihre Unternehmensfusion angekündigt. Der Sponsor des Unternehmens, Nova Pulsar Holdings, hat $6,301.56 auf das Treuhandkonto eingezahlt, wodurch eine einmonatige Verlängerung von 10. September 2024 bis 10. Oktober 2024 möglich wird.

Dieser Beitrag entspricht etwa $0.03 pro Stammaktie, die bei der Erstnotierung ausgegeben wurde und nicht eingelöst wurde. Im Gegenzug stellte das Unternehmen dem Sponsor einen Schuldschein aus, der bei einem Abschluss einer Unternehmensfusion in Einheiten zu $10.00 pro Einheit umwandelbar ist.

Nova Vision Acquisition Corp., eine spezielle Akquisitionsgesellschaft (SPAC), beabsichtigt, diese zusätzliche Zeit zu nutzen, um eine Fusion, einen Aktienaustausch, eine Vermögenserwerb oder eine ähnliche Unternehmensverbindung mit einem oder mehreren Unternehmen abzuschließen.

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Singapore, Sept. 09, 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 September 10, 2024 to October 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.

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 business combination, 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 October 10, 2024.

How much did Nova Vision Acquisition Corp's (NOVV) sponsor contribute to extend the business combination deadline?

Nova Vision Acquisition Corp's (NOVV) sponsor contributed $6,301.56 to extend the business combination deadline by one month.

What is the per-share value of the contribution made to extend NOVV's deadline?

The contribution made to extend NOVV's deadline equates to approximately $0.03 per ordinary share issued at the initial public offering that has not been redeemed.

How can the sponsor's contribution be converted in the future for Nova Vision Acquisition Corp (NOVV)?

The sponsor's contribution can be converted into Nova Vision Acquisition Corp (NOVV) units at $10.00 per unit upon the consummation of a business combination.

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