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D. Boral Capital Served as Capital Markets Advisor to Nova Vision Acquisition Corporation (NASDAQ: NOVV) in connection with its Completed Business Combination with Real Messenger
GlobeNewswire News Room· 2024-11-27 13:00
Core Viewpoint - The completion of the business combination between Real Messenger Holdings Limited and Nova Vision Acquisition Corp. marks a significant milestone for Real Messenger, enabling it to operate as Real Messenger Corporation and trade on Nasdaq under the ticker symbols "RMSG" and "RMSGW" starting November 20, 2024 [1][2]. Company Overview - Real Messenger is a chat-based platform focused on transforming real estate connections, currently trusted by over 1 million users globally [2][5]. - The company aims to create a connected digital ecosystem for the real estate community, facilitating interactions among agents, buyers, sellers, and those exploring real estate services [2][6]. - Founded in 2022 and headquartered in Costa Mesa, CA, Real Messenger has users across 35 countries, with significant growth in the U.S., U.K., and Australia [5][6]. Business Combination Details - The business combination was approved by Nova Vision shareholders on September 12, 2024, and is seen as a step towards empowering the real estate industry with advanced digital solutions [1][2]. - The partnership with Nova Vision is expected to provide Real Messenger with the resources necessary to accelerate its growth and enhance its market presence [3][7]. Leadership Insights - Thomas Ma, CEO and Founder of Real Messenger, emphasized the importance of rethinking connections within the real estate sector and expressed gratitude towards Nova Vision for their support [3]. - Eric Wong, CEO of Nova Vision, highlighted Real Messenger's innovative approach and its alignment with Nova Vision's strategy to support transformative companies in the real estate landscape [3][8]. Recognition and Impact - Real Messenger was recognized in the 2023 HousingWire Tech 100 list, and its CEO received accolades in Inman's "Best of Proptech" awards in 2023, underscoring the company's impact in the proptech industry [6].
Nova Vision Acquisition (NOVV) - 2024 Q3 - Quarterly Report
2024-11-18 15:30
Financial Performance - The company had a net loss of $64,590 for the nine months ended September 30, 2024, compared to a net income of $80,081 for the same period in 2023[135]. - For the three months ended September 30, 2024, the company reported a net loss of $77,581, while for the same period in 2023, it had a net income of $10,696[136]. Initial Public Offering (IPO) - The company generated gross proceeds of $57,500,000 from its initial public offering of 5,000,000 units, with an additional $3,075,000 from the sale of 307,500 Private Units[130]. - The company incurred $1,207,980 in initial public offering related costs, including $1,006,250 in underwriting fees[130]. - The total amount placed in the Trust Account after the initial public offering and over-allotment was $58,075,000[138]. - The company intends to use substantially all net proceeds from the initial public offering to acquire a target business and cover related expenses[139]. Cash and Working Capital - As of September 30, 2024, the company had cash outside its trust account of $18,488 and a working capital deficit of $3,362,330[138]. - The company has no long-term debt or off-balance sheet financing arrangements as of September 30, 2024[147]. Business Combination Timeline - The company has until December 10, 2024, to consummate a business combination, with the possibility of extending this period five more times for one month each[144]. Financial Instruments and Accounting - The company accounts for warrants as either equity-classified or liability-classified instruments based on specific terms and applicable guidance, with assessments conducted at issuance and quarterly[150]. - Warrants issued upon the Initial Public Offering and private placements meet the criteria for equity classification under ASC 815, thus classified as equity[152]. - Ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders' equity section of the balance sheets[154]. - As of September 30, 2024, diluted income per share is the same as basic income per share due to the contingent nature of warrants and rights sold in the Initial Public Offering[155]. - The net proceeds of the IPO held in the trust account may be invested in U.S. government treasury bills, notes, or bonds with a maturity of 180 days or less, minimizing exposure to interest rate risk[156]. Contractual Obligations - The company has a contractual obligation to pay its Sponsor a monthly fee of $10,000 for general and administrative services[148].
Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to July 10, 2024
Newsfilter· 2024-06-10 21:00
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to an ...
Nova Vision Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination to June 10, 2024
Newsfilter· 2024-05-10 20:00
Singapore, May 10, 2024 (GLOBE NEWSWIRE) -- Nova Vision Acquisition Corp. (NASDAQ:NOVV, the "Company"))), a special purpose acquisition company, announced today that Nova Pulsar Holdings Limited, the Company's initial public offering sponsor ("Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $69,763.37 (representing approximately $0.045 per ordinary share issued at the Company's initial public offering that has not been redeemed), in order to extend the period ...
Nova Vision Acquisition (NOVV) - 2024 Q1 - Quarterly Report
2024-05-08 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-40713 NOVA VISION ACQUISITION CORP. (Exact name of registrant as specified in its charter) | British Virgin Islands | N/A | | --- | -- ...
Nova Vision Acquisition (NOVV) - 2023 Q4 - Annual Report
2024-03-02 02:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ________________ Commission file number: 001-40713 NOVA VISION ACQUISITION CORP. (Exact name of registrant as specified in its charter) | British Virgin Islands | ...
Nova Vision Acquisition (NOVV) - 2023 Q3 - Quarterly Report
2023-11-14 21:00
Financial Performance - The company had a net income of $80,081 for the nine months ended September 30, 2023, compared to a net loss of $212,939 for the same period in 2022[101]. - For the three months ended September 30, 2023, the company reported a net income of $10,696, down from a net income of $87,150 in the same period of 2022[102]. - The company has a working capital deficit of $1,836,614 as of September 30, 2023[104]. Initial Public Offering (IPO) - The company generated gross proceeds of $57,500,000 from its initial public offering of 5,000,000 units at a price of $10.00 per unit[96]. - The company incurred initial public offering related costs of $1,207,980, including $1,006,250 in underwriting fees[96]. - The company intends to use substantially all net proceeds from the initial public offering to acquire a target business and cover related expenses[105]. Cash and Securities - As of September 30, 2023, the company had cash outside its trust account of $162,556 and marketable securities held in the trust account amounting to $17,390,840[104]. - The net proceeds of the IPO may be invested in U.S. government treasury bills, notes, or bonds with a maturity of 180 days or less, minimizing exposure to interest rate risk[120]. Business Combination - The company has until December 10, 2023, to consummate a business combination, with the possibility of extending this period up to nine more times for one month each[109]. - The company has issued unsecured promissory notes totaling $1,500,000 for working capital and to extend the time available to complete a business combination[108]. Debt and Equity - The company has no long-term debt or off-balance sheet financing arrangements as of September 30, 2023[112]. - The warrants issued upon the Initial Public Offering and private placements are classified as equity under ASC 815[117]. - Ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders' equity section[118]. - As of September 30, 2023, diluted income (loss) per share is the same as basic (income) loss per share due to the anti-dilutive nature of the warrants and rights[119].
Nova Vision Acquisition (NOVV) - 2023 Q2 - Quarterly Report
2023-08-07 10:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-40713 NOVA VISION ACQUISITION CORP. (Exact name of registrant as specified in its charter) | British Virgin Islands | N/A | | --- | --- ...
Nova Vision Acquisition (NOVV) - 2023 Q1 - Quarterly Report
2023-05-15 20:06
Financial Performance - The company had a net income of $23,978 for the three months ended March 31, 2023, compared to a net loss of $198,929 for the same period in 2022[88]. - As of March 31, 2023, diluted income (loss) per share is the same as basic (income) loss per share due to the absence of dilutive securities[104]. - The company has not considered the effect of warrants and rights sold in the Initial Public Offering in the calculation of diluted net income (loss) per share[104]. Initial Public Offering - The initial public offering generated gross proceeds of $57,500,000 from the sale of 5,000,000 Units, with an additional $3,075,000 from the sale of 307,500 Private Units[84]. - The company incurred $1,207,980 in initial public offering related costs, including $1,006,250 of underwriting fees[84]. - The company intends to use substantially all net proceeds from the initial public offering to acquire a target business and cover related expenses[91]. Cash and Securities - As of March 31, 2023, the company had cash outside its trust account of $123,147 and marketable securities held in the Trust Account of $19,244,750[90]. - The net proceeds of the IPO may be invested in U.S. government treasury bills, notes, or bonds with a maturity of 180 days or less, minimizing exposure to interest rate risk[105]. Working Capital and Debt - The company has a working capital deficit of $990,559 as of March 31, 2023[90]. - The company has no long-term debt or off-balance sheet financing arrangements as of March 31, 2023[96]. Business Combination Timeline - The company has until June 10, 2023, to consummate a business combination, with the possibility of two additional one-month extensions[94]. Administrative Expenses - The company began incurring a monthly fee of $10,000 to its Sponsor for general and administrative services starting April 1, 2021[97]. Accounting Policies - The company has not identified any significant accounting policies that could materially affect reported amounts[99]. Equity Classification - Ordinary shares subject to possible redemption are classified as temporary equity and presented at redemption value outside of the shareholders' equity section[103].
Nova Vision Acquisition (NOVV) - 2022 Q4 - Annual Report
2023-03-31 18:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ________________ Commission file number: 001-40713 NOVA VISION ACQUISITION CORP. (Exact name of registrant as specified in its charter) | British Virgin Islands | ...