Welcome to our dedicated page for NVSAU news (Ticker: NVSAU), a resource for investors and traders seeking the latest updates and insights on NVSAU stock.
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On April 12, 2021, the SEC issued a statement addressing accounting considerations for SPAC warrants, impacting New Vista Acquisition Corp (Nasdaq: NVSA). Due to challenges in determining appropriate accounting treatment, the company was unable to file its Form 10-Q for Q1 2021 by the deadline. Consequently, on May 26, 2021, Nasdaq notified NVSA of its non-compliance with Listing Rule 5250(c)(1). NVSA has until July 26, 2021, to file the report or submit a compliance plan for a potential 180-day extension, indicating ongoing financial scrutiny.
New Vista Acquisition Corp announced the pricing of its upsized initial public offering of 24,000,000 units at $10.00 per unit, set to trade under the ticker symbol NVSAU from February 17, 2021. Each unit comprises one Class A share and one-third of a warrant, with whole warrants exercisable at $11.50 per share. The offering aims to facilitate mergers with businesses in emerging technologies, especially in space and advanced air mobility. The offering closes on February 19, 2021, pending customary conditions.
