Singapore, November 8, 2024 — Nova Vision Acquisition Corp. (NASDAQ: NOVV), a special purpose acquisition company (SPAC), announced today that it has extended its deadline to complete a business combination by one month, from November 10, 2024 to December 10, 2024. This extension was made possible by a $6,301.56 contribution from the Company’s sponsor, Nova Pulsar Holdings Limited, to the Trust Account. This contribution represents approximately $0.03 per ordinary share issued at the Company’s initial public offering (IPO) that has not been redeemed. In return for this contribution, the Sponsor received a promissory note from the Company. This note carries no interest and can be converted into the Company’s units at a price of $10.00 per unit upon the closing of a business combination. Each unit consists 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. The purpose of this extension is to allow the Company more time 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.
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