Nova Vision Acquisition said its sponsor deposited $69,763.37 (4.5 cents a share) into trust to extend the SPAC’s completion date until June 10. One more month remains under the cureent extension plan.
Nova Vision has a merger agreement with Real Messenger, 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.
