Nova Vision Acquisition Corp: debt financing — Nova Vision extends business combination deadline to Jan 10, 2024 via $69,763 trust deposit

Nova Vision Acquisition Corp

Sponsor deposited $69,763.37 into trust account to extend completion period by one month.
Extension moves deadline from December 10, 2023 to January 10, 2024.
Company issued unsecured promissory note to sponsor; no interest, convertible into units at $10.00/unit.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nova Vision Acquisition Corp incurred loan of $69,763.37 with Nova Pulsar Holdings Limited maturing upon the closing of a business combination by the Company.

Instrument: loan
Principal: $69,763.37
Counterparty: Nova Pulsar Holdings Limited
Maturity: upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On December 6, 2023, Nova Vision Acquisition Corp. (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”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination.

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Source: SEC EDGAR

accession 0001493152-23-044020

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