Nova Vision Acquisition priced its IPO of 5 millioon units at $10 per unit.
Units begin trading today on the Nasdaq under NOVVU. Each consists of one ordinary share, one warrant to purchase one-half of a share at $11.50 per whole share, and one right to receive one-tenth (of an ordinary share. Once the securities begin separate trading, shares, warrants and rights are expected to list under NOVV, NOVVW and NOVVR.
The offering is expected to close Aug. 10.
The Asia-focused SPAC will target opportunities in the PropTech, FinTech, ConsumerTech, Supply Chain Management industries or technology companies that serve these or other sectors. Read more.