Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
August 09 2022 - 9:15AM
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 $575,000 (representing
approximately $0.10 per ordinary share issued at the Company’s
initial public offering), in order to extend the period of time the
Company has to complete a business combination for an additional
three (3) months period, from August 10, 2022 to November 10, 2022.
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
Relationsinfo@novavisionacquisition.com
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