8-K
filed August 4, 2023, 7:59 PM ET
CIK 0001858028
other material
confidence high
sentiment neutral
materiality 0.60
Nova Vision shareholders approve 12-month extension; $69,763 deposited to trust
Nova Vision Acquisition Corp
- Shareholders approved charter/trust amendments for up to 12 one-month extensions to Aug 10, 2024, at $0.045/share each.
- 253,315 ordinary shares redeemed at meeting; trust account balance ~$17 million after deposit.
- Sponsor deposited $69,763 for one-month extension to Sep 10, 2023; issued $69,763 convertible promissory note.
- Note bears no interest, matures at business combination close, convertible into units at $10/unit.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Nova Vision Acquisition Corp: Amended and restated memorandum and articles of association to extend the deadline to complete a business combination up to twelve times from August 10, 2023 to August 10, 2024, by depositing $0.045 per public share per month (effective 2023-08-04).
- Change
- charter amendment
- Effective
- 2023-08-04
Exact text from the filing
the Company filed an amended and restated memorandum and articles of association on August 4, 2023 (the “Charter Amendment”), giving the Company the right to extend the date by which it has to complete a business combination up to twelve (12) times for an additional one (1) month each time from August 10, 2023, to August 10, 2024, by depositing $0.045 for each issued and outstanding Public Share for each one-month extension.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Nova Vision Acquisition Corp amended Trust Amendment with American Stock Transfer & Trust Company (now known as Equiniti Trust Company, LLC) (effective 2023-08-03).
- Action
- amendment
- Counterparty
- American Stock Transfer & Trust Company (now known as Equiniti Trust Company, LLC)
- Effective
- 2023-08-03
Exact text from the filing
Nova Vision Acquisition Corp. (the "Company" or "Nova") entered into an amendment (the "Trust Amendment") to the investment management trust agreement, dated August 5, 2021, as amended, with American Stock Transfer & Trust Company (now known as Equiniti Trust Company, LLC) on August 3, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.7
Nova Vision Acquisition Corp entered into Note with Nova Pulsar Holdings Limited valued at $69,763.37 (effective 2022-08-03).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Nova Pulsar Holdings Limited
- Value
- $69,763.37
- Effective
- 2022-08-03
Exact text from the filing
On August 3, 2022, the Company issued an unsecured promissory note in the aggregate principal amount of $69,763.37 (the "Note") to Nova Pulsar Holdings Limited, the Company's initial public offering sponsor ("Sponsor")
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Nova Vision Acquisition Corp shareholders approved Election of five nominees for directors to serve until the next annual meeting. at the 2023-08-03 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-08-03
Exact text from the filing
Shareholders elected all of the five nominees for directors to serve until the next annual meeting of shareholders. The voting results were as follows: FOR WITHHELD BROKER NON-VOTE Eric Ping Hang Wong 2,965,483 0 0 Wing-Ho Ngan 2,965,483 0 0 Tin Lun Brian Cheng 2,965,483 0 0 Philip Richard Herbert 2,965,483 0 0 Chun Fung Horace Ma 2,956,286 9,197 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Nova Vision Acquisition Corp shareholders approved Amend the Company’s amended and restated memorandum and articles of association to extend the date to complete a business combination twelve times for an additional one month each time from August 10, 2023 to August 10, 2024. at the 2023-08-03 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-08-03
Exact text from the filing
Shareholders approved the proposal to amend the Company’s amended and restated memorandum and articles of association, giving the Company the right to extend the date by which it has to complete a business combination twelve (12) times for an additional one (1) month each time from August 10, 2023, to August 10, 2024.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Nova Vision Acquisition Corp shareholders approved Amend the Company’s investment management trust agreement to allow extension of business combination deadline twelve times for an additional one month each time from August 10, 2023 to August 10, 2024 by depositing $0.045 per Public Share per month. at the 2023-08-03 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-08-03
Exact text from the filing
Shareholders approved the proposal to amend the Company’s investment management trust agreement, dated August 5, 2021, as amended, by and between the Company and American Stock Transfer & Trust Company (now known as Equiniti Trust Company, LLC) to allow the Company to extend the time it has to complete a business combination twelve (12) times for an additional one (1) month each time from August 10, 2023, to August 10, 2024 by depositing into the trust account $0.045 for each Public Share that has not been redeemed for each one-month extension.
View on SEC.gov
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