Nova Vision Acquisition Corporation announced a private placement to issue a unsecured convertible promissory note at an issue price of $69,763.37 for the gross proceeds of $69,763.37 on November 6, 2023. The transaction included participation from returning investor Nova Pulsar Holdings Ltd. The Note does not bear interest and matures upon the closing of a business combination and order to extend the period of time the Company has to complete a business combination for an additional one month period, from November 10, 2023 to December 10, 2023. The promissory note bears no interest and is convertible into the Company?s units (with each unit consisting of one ordinary share, one warrant to purchase one-half of one ordinary share, and one right to receive one-tenth of one ordinary share upon the consummation of the Company?s initial business combination) at a price of $10.00 per unit at the closing of a business combination by the Company.

The purpose of the extension is to provide time for the Company to complete a business combination.