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    Nova Vision Acquisition Corporation (NOVV)

    Price:

    37.00 USD

    ( - 0 USD)

    Your position:

    0 USD

    ACTION PANEL
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    ABOUT
    Symbol
    NOVV
    Name
    Nova Vision Acquisition Corporation
    Industry
    Shell Companies
    Sector
    Financial Services
    Price
    37.000
    Market Cap
    73.188M
    Enterprise value
    41.599M
    Currency
    USD
    Ceo
    Ping Hang Wong
    Full Time Employees
    1
    Ipo Date
    2021-10-01
    City
    Singapore
    Address
    3 Ocean Way

    Check the

    KEY TAKEAWAYS

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    SIMILAR COMPANIES STI SCORE

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    Market Cap
    773.214M
    Industry
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    Market Cap
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    Industry
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    The best

    M3-Brigade Acquisition V Corp. Units

    VALUE SCORE:

    10

    Symbol
    MBAVU
    Market Cap
    255.000M
    Industry
    Shell Companies
    Sector
    Financial Services
    FUNDAMENTALS
    P/E
    -5.006k
    P/S
    207.315
    P/B
    -29.853
    Debt/Equity
    -0.735
    EV/FCF
    -191.705
    Price to operating cash flow
    -1.000
    Price to free cash flow
    -1.000
    EV/sales
    215.822
    Earnings yield
    -0.000
    Debt/assets
    1.098
    FUNDAMENTALS
    Net debt/ebidta
    -7.954
    Interest coverage
    0
    Research And Developement To Revenue
    0
    Intangile to total assets
    0
    Capex to operating cash flow
    0
    Capex to revenue
    0
    Capex to depreciation
    0
    Return on tangible assets
    -0.009
    Debt to market cap
    0.041
    Piotroski Score
    5.000
    FUNDAMENTALS
    PEG
    51.193
    P/CF
    -308.892
    P/FCF
    -184.148
    RoA %
    -0.891
    RoIC %
    34.751
    Gross Profit Margin %
    32.691
    Quick Ratio
    0.041
    Current Ratio
    0.041
    Net Profit Margin %
    -6.947
    Net-Net
    -1.277
    FUNDAMENTALS PER SHARE
    FCF per share
    -0.120
    Revenue per share
    0.106
    Net income per share
    -0.007
    Operating cash flow per share
    -0.120
    Free cash flow per share
    -0.120
    Cash per share
    0.006
    Book value per share
    -0.453
    Tangible book value per share
    -0.453
    Shareholders equity per share
    -1.239
    Interest debt per share
    0.911
    TECHNICAL
    52 weeks high
    37.000
    52 weeks low
    37.000
    Current trading session High
    37.000
    Current trading session Low
    37.000
    DIVIDEND
    Dividend yield
    0.00%
    Payout ratio
    -1.44e+3%
    Years of div. Increase
    0
    Years of div.
    0
    Q-shift
    Dividend per share
    0
    SIMILAR COMPANIES
    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    73.628

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    -37.408

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    -2.494

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    -200.924

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    37.229

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    -47.828

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    -990.143

    No data to display

    logo

    Country
    HK
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    5.993

    No data to display

    logo

    Country
    US
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    -26.185

    No data to display

    logo

    Country
    KY
    Sector
    Financial Services
    Industry
    Shell Companies
    Dividend yield
    0%
    Payout Ratio
    0%
    P/E
    55.162

    No data to display

    DESCRIPTION

    Nova Vision Acquisition Corporation does not have significant operations. The company intends to effect into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It focuses on sourcing opportunities that are in the proptech, fintech, consumertech, supply chain management industries, or technology companies that serve these or other sectors. The company was formerly known as Lighthouse Acquisition. Nova Vision Acquisition Corporation was incorporated in 2021 and is based in Singapore, Singapore.

    NEWS
    https://images.financialmodelingprep.com/news/d-boral-capital-served-as-capital-markets-advisor-to-20241127.jpg
    D. Boral Capital Served as Capital Markets Advisor to Nova Vision Acquisition Corporation (NASDAQ: NOVV) in connection with its Completed Business Combination with Real Messenger

    globenewswire.com

    2024-11-27 08:00:00

    COSTA MESA, Calif., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Real Messenger Holdings Limited (“Real Messenger” or the “Company”), an innovative chat-based platform reimagining real estate connections, and Nova Vision Acquisition Corp. (“Nova Vision”) (Nasdaq: NOVV, NOVVR, NOVVW and NOVVU), a special purpose acquisition company (“SPAC”), announced today the completion of their previously announced business combination (the “Business Combination”). The combined company will operate under the name Real Messenger Corporation and is set to begin trading on Nasdaq under the ticker symbols “RMSG” and “RMSGW” on November 20, 2024. The Business Combination, approved at a special meeting of Nova Vision shareholders on September 12, 2024, signals a new phase in Real Messenger's journey to empower the real estate industry with advanced digital solutions.

    https://images.financialmodelingprep.com/news/real-messenger-and-nova-vision-acquisition-corp-announce-closing-of-20241119.jpg
    Real Messenger and Nova Vision Acquisition Corp. Announce Closing of Business Combination

    businesswire.com

    2024-11-19 16:08:00

    COSTA MESA, Calif.--(BUSINESS WIRE)--Real Messenger Holdings Limited (“Real Messenger” or the “Company”), an innovative chat-based platform reimagining real estate connections, and Nova Vision Acquisition Corp. (“Nova Vision”) (Nasdaq: NOVV, NOVVR, NOVVW and NOVVU), a special purpose acquisition company (“SPAC”), announced today the completion of their previously announced business combination (the “Business Combination”). The combined company will operate under the name Real Messenger Corporat.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20241108.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to December 10, 2024

    globenewswire.com

    2024-11-08 16:00:00

    Singapore, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $6,301.56 (representing approximately $0.03 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from November 10, 2024 to December 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20241010.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to November 10, 2024

    globenewswire.com

    2024-10-10 06:00:00

    Singapore, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $6,301.56 (representing approximately $0.03 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from October 10, 2024 to November 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20240909.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to October 10, 2024

    globenewswire.com

    2024-09-09 07:00:00

    Singapore, Sept. 09, 2024 (GLOBE NEWSWIRE) --  Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $6,301.56 (representing approximately $0.03 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from September 10, 2024 to October 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20240812.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to September 10, 2024

    globenewswire.com

    2024-08-12 07:00:00

    Singapore, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $6,301.56 (representing approximately $0.03 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from August 10, 2024 to September 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20240709.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to August 10, 2024

    globenewswire.com

    2024-07-09 08:00:00

    Singapore, July 09, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from July 10, 2024 to August 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20240610.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to July 10, 2024

    globenewswire.com

    2024-06-10 17:00:00

    Singapore, June 10, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from June 10, 2024 to July 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20240510.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to June 10, 2024

    globenewswire.com

    2024-05-10 16:00:00

    Singapore, May 10, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from May 10, 2024 to June 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-account-20240410.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to May 10, 2024

    globenewswire.com

    2024-04-10 07:00:00

    Singapore, April 10, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from April 10, 2024 to May 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20240212.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to March 10, 2024

    globenewswire.com

    2024-02-12 09:00:00

    Singapore, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from February 10, 2024 to March 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20240110.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to February 10, 2024

    globenewswire.com

    2024-01-10 07:00:00

    Singapore, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from January 10, 2024 to February 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-account-20231207.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to January 10, 2024

    globenewswire.com

    2023-12-07 16:00:00

    Singapore, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from December 10, 2023 to January 10, 2024. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20231108.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to December 10, 2023

    globenewswire.com

    2023-11-08 16:05:00

    Singapore, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from November 10, 2023 to December 10, 2023. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20231010.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to November 10, 2023

    globenewswire.com

    2023-10-10 07:00:00

    Singapore, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from October 10, 2023 to November 10, 2023. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

    https://images.financialmodelingprep.com/news/nova-vision-acquisition-corp-announces-additional-contribution-to-trust-20230911.jpg
    Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to October 10, 2023

    globenewswire.com

    2023-09-11 16:00:00

    Singapore, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ: NOVV, the “Company”), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor (“Sponsor”), has deposited into the Company's trust account (the “Trust Account”) an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from September 10, 2023 to October 10, 2023. The Company issued a promissory note to Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company's initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.