Nova Vision Acquisition announces extension of combination period

Nova Vision Acquisition announced that at its annual general meeting of shareholders on November 9, 2022, the Company’s shareholders voted in favor of the proposal to amend its memorandum and articles of association, giving the Company the right to extend the date by which the Company has to complete a business combination up to nine times for an additional one month each time from November 10, 2022, to August 10, 2023. On November 9, 2022, Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor, deposited into the Company’s trust account an aggregate of $75,030.26, in order to extend the period of time the Company has to complete a business combination for an additional one month period, from November 10, 2022 to December 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 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.