Nova Vision Acquisition today said its sponor deposited just over $75,000 into the SPAC’s trust following shareholder approval of a deadline extension up to August 2023. The deposit is for the first one-month extension.
The sponsor in August poured $575,000 (10 cents per share) into the trust to secure a deadline extension until today. Any portion of the loans may be converted into the SPAC’s units at $10 each.
The Asia-focused SPAC raised $57.5 million in an August 2021 IPO to target opportunities in the PropTech, FinTech, ConsumerTech, Supply Chain Management industries or technology companies that serve these or other sectors. Read more.
