Merger target Real Messenger today filed an amended F-4 on its proposed merger with Nova Vision Acquisition. The deal consideration has been tweaked several times and now stands at $50 million in stock, up from the $45 million when adjusted last August, though still down by a third from the $75 million cited at deal announcement in March 2023.
The increase to $50 million reflects a private placement of $5 million the parties secured.
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. By combining dynamic data with static data, the company’s AI engine can help to unlock new insights, determine workflows and improve decision-making and productivity at every step of the real estate journey, according to a press release. REAL Messenger’s social app and the ecosystem that it enables are now available in 35 countries. Read more.
