secwatch.observer — SEC 8-K summary
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Issuer:     Nova Vision Acquisition Corp (—)
CIK:        0001858028
Form:       8-K
Filed at:   2024-01-11T23:59:59+00:00
Accession:  0001493152-24-002004
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nova Vision Acquisition Corp. issues $170K promissory note to sponsor for working capital
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- Unsecured note of $170,000 issued to sponsor Nova Pulsar Holdings for working capital; no interest, due upon business combination close.
- Note can be converted into private units (same as IPO units) at $10.00 per unit upon request at least one business day before close.
- If no business combination by February 10, 2024, the note terminates and no amounts are due.
- Sponsor waives any claim against the trust account, as standard for SPAC working capital loans.
- Loan provides short-term liquidity as the SPAC approaches its February 10, 2024 deadline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1858028/000149315224002004/0001493152-24-002004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1858028/000149315224002004/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002004

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