Nova Vision Acquisition Corp. Announces Additional Contribution To Trust Account to Extend Period To Consummate Business Combination To September 10, 2023
Portfolio Pulse from Happy Mohamed
Nova Vision Acquisition Corp. (NOVV) has announced that its sponsor, Nova Pulsar Holdings Limited, has deposited $69,763.37 into the company's trust account. This is to extend the period for the company to complete a business combination from August 10, 2023 to September 10, 2023. The company issued a promissory note to the sponsor, which is convertible into the company's units at a price of $10.00 per unit at the closing of a business combination.
August 04, 2023 | 8:02 pm
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NEUTRAL IMPACT
NOVV has extended the period to complete a business combination, which could potentially attract investors who are interested in the outcome of this combination.
The extension of the period to complete a business combination could potentially attract investors who are interested in the outcome of this combination. However, the impact on the stock price is uncertain as it depends on the market's perception of the potential business combination.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100