Nova Vision Acquisition Corporation announced a private placement to issued an unsecured convertible promissory note for the principal amount of $85,000 on May 21, 2024. The transaction included participation from returning investor Nova Pulsar Holdings Limited. The Extension Note and the Working Capital Note do not bear interest and mature upon the closing of a business combination by the Company.

In addition, both notes may be converted by the holder into units of the Company identical to the units issued in the Company?s initial public offering at a price of $10.00 per unit.