Nova Vision Corp (NOVV) has released an update.
Nova Vision Acquisition Corp. has secured an extension for its deadline to complete a business combination by issuing a non-interest-bearing promissory note for $69,763.37 to its sponsor, Nova Pulsar Holdings Limited. This amount was added to the company’s trust account, with the option for the sponsor to convert the note into company units at $10 each. This move pushes the business combination deadline to March 10, 2024, signaling a strategic effort by the company to ensure more time for a successful merger or acquisition.
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