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

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Nova Vision Acquisition Corp (NASDAQ: NOVV) announced that its IPO sponsor, Nova Pulsar Holdings , has deposited $6,301.56 into the company's trust account. This deposit, representing approximately $0.03 per ordinary share, extends the company's deadline to complete a business combination by one month, from November 10, 2024, to December 10, 2024.

In exchange for the deposit, the company issued a non-interest-bearing promissory note to the sponsor, convertible into company units at $10.00 per unit upon completing a business combination. Each unit consists of one ordinary share, one warrant to purchase one-half ordinary share, and one right to receive one-tenth ordinary share.

Nova Vision Acquisition Corp (NASDAQ: NOVV) ha annunciato che il suo sponsor per l'IPO, Nova Pulsar Holdings, ha versato $6,301.56 nel conto fiduciario dell'azienda. Questo deposito, che equivale a circa $0.03 per azione ordinaria, estende il termine dell'azienda per completare una fusione aziendale di un mese, passando dal 10 novembre 2024 al 10 dicembre 2024.

In cambio del deposito, l'azienda ha emesso un promissory note senza interessi allo sponsor, convertibile in unità aziendali a $10.00 per unità al completamento di una fusione aziendale. Ogni unità è composta da un'azione ordinaria, un warrant per acquistare metà di un'azione ordinaria e un diritto a ricevere un decimo di azione ordinaria.

Nova Vision Acquisition Corp (NASDAQ: NOVV) anunció que su patrocinador de la OPI, Nova Pulsar Holdings, ha depositado $6,301.56 en la cuenta fiduciaria de la compañía. Este depósito, que representa aproximadamente $0.03 por acción ordinaria, extiende el plazo de la compañía para completar una combinación de negocios en un mes, del 10 de noviembre de 2024 al 10 de diciembre de 2024.

En intercambio por el depósito, la compañía emitió un pagaré sin intereses al patrocinador, convertible en unidades de la empresa a $10.00 por unidad al completar una combinación de negocios. Cada unidad consiste en una acción ordinaria, un warrant para comprar media acción ordinaria y un derecho a recibir una décima de acción ordinaria.

노바 비전 인수 법인 (NASDAQ: NOVV)는 IPO 스폰서인 노바 펄사 홀딩스가 회사의 신탁 계좌에 $6,301.56를 예치했다고 발표했습니다. 이 예치금은 보통주 1주당 약 $0.03에 해당하며, 회사가 사업 결합을 완료할 수 있는 마감일을 한 달 연장하여 2024년 11월 10일부터 2024년 12월 10일로 변경합니다.

예치금에 대한 대가로 회사는 스폰서에게 이자 없는 약속 어음을 발행하였으며, 이는 사업 결합 완료 후 주당 $10.00에 회사 유닛으로 전환될 수 있습니다. 각 유닛은 하나의 보통주, 반 주를 구매할 수 있는 워런트 하나, 그리고 1/10의 보통주를 받을 수 있는 권리를 포함합니다.

Nova Vision Acquisition Corp (NASDAQ: NOVV) a annoncé que son sponsor d'IPO, Nova Pulsar Holdings, a déposé 6 301,56 $ sur le compte fiduciaire de l'entreprise. Ce dépôt, représentant environ 0,03 $ par action ordinaire, prolonge le délai de l'entreprise pour finaliser une combinaison commerciale d'un mois, du 10 novembre 2024 au 10 décembre 2024.

En échange du dépôt, l'entreprise a émis un billet à ordre sans intérêt au sponsor, convertible en unités d'entreprise à 10,00 $ par unité lors de la réalisation d'une combinaison commerciale. Chaque unité se compose d'une action ordinaire, d'un bon de souscription pour acheter une demi-action ordinaire et d'un droit de recevoir un dixième d'action ordinaire.

Nova Vision Acquisition Corp (NASDAQ: NOVV) hat bekannt gegeben, dass ihr IPO-Sponsor, Nova Pulsar Holdings, $6,301.56 auf das Treuhandkonto des Unternehmens eingezahlt hat. Diese Einzahlung, die etwa $0.03 pro Stammaktie entspricht, verlängert die Frist des Unternehmens zur Durchführung einer Unternehmenszusammenführung um einen Monat, vom 10. November 2024 auf den 10. Dezember 2024.

Im Austausch für die Einzahlung hat das Unternehmen eine zinslose Schuldverschreibung an den Sponsor ausgegeben, die bei Abschluss einer Unternehmenszusammenführung zu $10.00 pro Einheit in Unternehmensanteile umgewandelt werden kann. Jede Einheit besteht aus einer Stammaktie, einem Warrant zum Kauf einer halben Stammaktie und einem Recht auf den Erhalt eines Zehntels einer Stammaktie.

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Singapore, Nov. 08, 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 November 10, 2024 to December 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 its business combination?

Nova Vision Acquisition Corp (NOVV) has extended its deadline to complete a business combination to December 10, 2024.

How much did Nova Vision's sponsor deposit to extend the business combination deadline?

Nova Pulsar Holdings deposited $6,301.56, representing approximately $0.03 per ordinary share, into the trust account.

What are the terms of the promissory note issued by NOVV to its sponsor?

The promissory note bears no interest and is convertible into company units at $10.00 per unit, with each unit comprising one ordinary share, one warrant for half a share, and one right for one-tenth of a share.

How long is the extension period granted to NOVV for completing its business combination?

The extension period granted is one month, from November 10, 2024, to December 10, 2024.

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