Nova Vision Acquisition Corp: debt financing — Nova Vision Acquisition Corp. issues $48,750 promissory note to sponsor for working capital

Nova Vision Acquisition Corp

Issued $48,750 unsecured promissory note to sponsor Nova Pulsar Holdings for working capital.
Note matures upon business combination closing; no interest; convertible into units at $10/unit.
If business combination does not close by March 10, 2024, note terminates with no amounts due.

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 $48,750 with Nova Pulsar Holdings Limited at does not bear interest maturing upon the closing of a business combination by the Company.

Instrument: loan
Principal: $48,750
Counterparty: Nova Pulsar Holdings Limited
Rate: does not bear interest
Maturity: upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

On February 9, 2024, Nova Vision Acquisition Corp. (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $48,750 (the “Note”) to Nova Pulsar Holdings Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor providing such amount to the Company as working capital.

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299 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001493152-24-005788

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