Nova Vision Acquisition in an 8-K 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 third one-month extension.
The sponsor last August poured $575,000 (10 cents per share) into the trust to secure a deadline extension until November. Any portion of that loan 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.
Source: Nova Vision Acquisition Pumps Another K into Trust for 3rd of 9 Monthly Extensions