Nova Vision Acquisition Closes $57.5M IPO

 Nova Vision Acquisition closed its IPO of 5.75 million units, including 750,000 units sold as part of the underwriter’s overallotment option.

Each unit consists of one share, one warrant to purchase one-half of a share at $11.50 and one right to receive one-tenth of an ordinary share.

Units list on the Nasdaq under NOVVU. Once the securities begin separate trading, shares, warrants and rights are expected to list under NOVV, NOVVW and NOVVR.

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.

EF Hutton and Brookline Capital Markets were joint book-running managers of the offering. Read more.

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