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

Nova Vision Acquisition Corp

Sponsor Nova Pulsar deposited $69,763.37 ($0.045 per un-redeemed ordinary share) into trust account.
Extension period runs from April 10, 2024 to May 10, 2024, adding one month.
Company issued a non-interest bearing promissory note to sponsor, convertible into units at $10.00/unit upon closing a business combination.
Extension provides additional time to complete a business combination in targeted fintech, proptech, or consumertech sectors.

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 at does not bear interest maturing matures upon the closing of a business combination by the Company.

Instrument: loan
Principal: $69,763.37
Counterparty: Nova Pulsar Holdings Limited
Rate: does not bear interest
Maturity: matures upon the closing of a business combination by the Company
Event: incurrence

Exact text from the filing

issued an unsecured promissory note in the aggregate principal amount of $69,763.37

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Source: SEC EDGAR

accession 0001493152-24-014141

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