Real Messenger Clarification Regarding Terms of Warrants and Registration of Underlying Shares
Real Messenger (RMSG) has issued clarifications regarding its warrants following its Nasdaq listing on November 19, 2024. The company corrected information from previous filings that stated PubCo Warrants would be exercisable 30 days after the business combination with Nova Vision Acquisition Corp. Instead, these warrants are exercisable immediately. The company also confirmed that ordinary shares underlying the PubCo Warrants have been reserved and registered pursuant to the Prospectus Filings, ensuring they will be issued as registered shares upon exercise.
Real Messenger (RMSG) ha emesso chiarimenti riguardo ai suoi warrant in seguito alla quotazione su Nasdaq avvenuta il 19 novembre 2024. L'azienda ha corretto le informazioni provenienti da precedenti documenti che indicavano che i warrant di PubCo sarebbero stati esercitabili 30 giorni dopo la fusione aziendale con Nova Vision Acquisition Corp. Invece, questi warrant sono esercitabili immediatamente. L'azienda ha inoltre confermato che le azioni ordinarie sottostanti ai warrant di PubCo sono state riservate e registrate secondo le Filings del Prospetto, garantendo che saranno emesse come azioni registrate al momento dell'esercizio.
Real Messenger (RMSG) ha emitido aclaraciones sobre sus warrants tras su cotización en Nasdaq el 19 de noviembre de 2024. La compañía corrigió información de presentaciones anteriores que indicaban que los Warrants de PubCo serían ejercitables 30 días después de la combinación empresarial con Nova Vision Acquisition Corp. En cambio, estos warrants son ejercitables de inmediato. La empresa también confirmó que las acciones ordinarias subyacentes a los Warrants de PubCo han sido reservadas y registradas de acuerdo con las Presentaciones del Prospecto, asegurando que se emitirán como acciones registradas al momento del ejercicio.
Real Messenger (RMSG)는 2024년 11월 19일 나스닥 상장 이후 자신의 워런트에 대한 해명을 발표했습니다. 회사는 Nova Vision Acquisition Corp과의 사업 조합 이후 PubCo 워런트가 30일 후에 행사 가능하다고 명시한 이전 서류의 정보를 수정했습니다. 대신, 이러한 워런트는 즉시 행사 가능합니다. 이 회사는 또한 PubCo 워런트에 기초한 보통주가 예약되어 있고, 공시 서류에 따라 등록되었음을 확인하여 행사 시 등록 주식으로 발행될 것임을 보장했습니다.
Real Messenger (RMSG) a publié des clarifications concernant ses warrants suite à son introduction en bourse sur Nasdaq le 19 novembre 2024. L'entreprise a corrigé des informations provenant de dépôts précédents qui indiquaient que les Warrants PubCo seraient exerçables 30 jours après la combinaison d'affaires avec Nova Vision Acquisition Corp. En réalité, ces warrants sont exerçables immédiatement. L'entreprise a également confirmé que les actions ordinaires sous-jacentes aux Warrants PubCo ont été réservées et enregistrées conformément aux Dépôts du Prospectus, garantissant qu'elles seront émises en tant qu'actions enregistrées lors de l'exercice.
Real Messenger (RMSG) hat Klarstellungen bezüglich seiner Warrants nach der Nasdaq-Notierung am 19. November 2024 veröffentlicht. Das Unternehmen korrigierte Informationen aus vorherigen Einreichungen, die besagten, dass die PubCo-Warrants 30 Tage nach der Unternehmensfusion mit Nova Vision Acquisition Corp ausgeübt werden könnten. Stattdessen sind diese Warrants sofort ausübbar. Das Unternehmen bestätigte außerdem, dass die Stammaktien, die diesen PubCo-Warrants zugrunde liegen, gemäß den Prospektunterlagen reserviert und registriert wurden, was sicherstellt, dass sie bei Ausübung als registrierte Aktien ausgegeben werden.
- Immediate exercisability of PubCo Warrants instead of 30-day waiting period
- Shares underlying warrants are already registered and reserved for issuance
- Correction of misleading information in previous SEC filings
Insights
This clarification regarding warrant terms represents a significant technical correction that impacts trading mechanics and investor rights. The key revelation is that PubCo Warrants are immediately exercisable, rather than having a 30-day waiting period as incorrectly stated in previous filings. Additionally, the confirmation that underlying shares are already registered for issuance means warrant holders can exercise and receive freely tradeable shares without registration delays.
This accelerated exercisability could create immediate trading opportunities and affect warrant pricing dynamics. The removal of the waiting period and confirmation of share registration status eliminates potential regulatory hurdles and provides clarity on the warrants' immediate convertibility. For investors holding RMSGW warrants, this means enhanced liquidity and flexibility in their investment decisions.
Costa Mesa, CA, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Real Messenger Corporation (“Real Messenger” or the “Company”), an innovative chat-based platform reimagining real estate connections began trading on Nasdaq on November 19, 2024 under the ticker symbols “RMSG” (ordinary shares) and “RMSGW” (warrants) on November 20, 2024.
As previously reported, on November 19, 2024, Real Messenger Corporation, a Cayman Islands exempted company (the “Company”), completed a business combination (the “Business Combination”) with Nova Vision Acquisition Corp., a British Virgin Islands limited company (“Nova SPAC”), the Company’s ordinary shares began trading on Nasdaq under the symbol RMSG, and the Company’s warrants began trading on Nasdaq under the symbol RMSGW (the “PubCo Warrants”), effective November 20, 2024.
The Company wishes to clarify the terms of the PubCo Warrants in light of mistaken references to the Pubco Warrants found in the Prospectus filed by Nova SPAC on SEC Form 424B3 on August 19, 2024, and in the Registration Statement filed by Nova SPAC on SEC Form F-4/A on August 13, 2024 (together, the “Prospectus Filings”).
The Prospectus Filings refer in several instances to Nova SPAC’s warrants (“Nova Warrants”) as “exercisable 30 days after the consummation of the Business Combination” and also state that “The PubCo Warrants will have the same terms as the Nova Warrants” and that the PubCo Warrants entitle the holders thereof to purchase the Company’s ordinary share “commencing 30 days after the consummation of the Business Combination.”
It has come to the attention of the Company that the terms of the Nova Warrants, and the terms of the PubCo Warrants do not in fact provide for such 30-day period before which the PubCo Warrants may be exercised. Accordingly, the PubCo Warrants are exercisable immediately. The Company has instructed its transfer agent accordingly.
The Company also wishes to clarify that its ordinary shares underlying the PubCo Warrants have been reserved for issuance and have been registered pursuant to the Prospectus Filings. Accordingly, upon exercise of the PubCo Warrants, the underlying shares will be issued as registered shares.
About Real Messenger Holdings Limited
Real Messenger (Nasdaq: RMSG and RMSGW) is a real estate technology platform headquartered in Costa Mesa, CA. Founded in 2022, Real Messenger is transforming real estate engagement by connecting agents, buyers, sellers, and other industry participants within a unified, social platform. With users across 35 countries, Real Messenger’s primary reach is in the U.S., with notable growth in key markets such as the U.K. and Australia.
With over 1 million users, Real Messenger is building a vibrant global community, creating a dynamic space for real estate connections, insights, and experiences. In recognition of its impact, Real Messenger was named to the 2023 HousingWire Tech 100 list, and its CEO, Thomas Ma, was honored in Inman’s “Best of Proptech” awards in 2023.
Important Notice Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about Real Messenger’s (and its predecessor by merger, Nova Vision’s) perspectives and expectations, are forward-looking statements. Such statements include, but are not limited to, statements regarding the effect of the completed business combination transaction, including the benefits of the proposed transaction, anticipated future financial and operating performance and results, plans for growth, and the expected management and governance of the combined company. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated.
The forward-looking statements are based on the current expectations of the management of Real Messenger, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statements. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements including: risks related to Real Messenger’s businesses and strategies; the ability to recognize the anticipated benefits of the business combination; other risks and uncertainties included under the header “Risk Factors” in the registration statement on Form F-4, filed by Nova Vision with the SEC; and in Nova Vision’s and Real Messenger’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Real Messenger and its subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Contacts
Real Messenger Holdings Limited
ir@real.co
Nova Vision Acquisition Corp.
info@novavisionacquisition.com
FAQ
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