Nova Vision Acquisition said its sponsor deposited $69,763.37 (45 cents per share) into trust to cover a deadline extension from Oct. 10 to Nov. 10.
The SPAC has a merger agreement with Real Messenger, a real estate platform. Nova Vision in August said it will issue $45 million in stock to Real Messenger, down 40% from the $75 million on the table when the deal was announced in March.
The closing payment shares consist of 3.6 million Class B shares and 900,000 Class A shares.
Nova Vision raised $57.5 million in an IPO two years ago, although redemptions since then have reduced the cast in trust to about $16.4 million.
Nova Vision is seeking to raise $20 million from a PIPE to support the Real Messenger transaction.
Through the use of social network and domain-specific proprietary AI-trained data, REAL will offer an internationally universal platform for real estate transactions. Read more.
