Nova Vision Acquisition in a proxy filing asks shareholders for a merger deadline extension for up to nine months until Aug. 10, 2023. If approved, the SPAC’s sponsor would depost 4.1 cents per share into Nova Vision’s trust for each monthly extension.
The sponsor in August deposited $575,000 (10 cents per share) into the trust to secure a deadline extension until Nov. 10.
Nova Vision raised $57.5 million in an August 2021 IPO. The Asia-focused SPAC is targeting opportunities in the PropTech, FinTech, ConsumerTech, Supply Chain Management industries or technology companies that serve these or other sectors. Read more.
