Nova Vision in an 8-K said the outside date for closing its merger with Real Messenger has been extended to Aug. 10. The target is a platform for real estate transactions.
Terms call for Real Messenger to receive 5 million shares.
The SPAC raised $57.5 million in an IPO two years ago, although redemptions since then have reduced the cash in trust to about $16.4 million. Nova Vision is seeking to raise $20 million from a PIPE to support the Real Messenger transaction. Read more.
