Real Messenger Clarification Regarding Terms of Warrants and Registration of Underlying Shares
22 November 2024 - 4:30PM
Real Messenger Corporation (“Real Messenger” or the “Company”), an
innovative chat-based platform reimagining real estate connections
began trading on Nasdaq on November 19, 2024 under the ticker
symbols “RMSG” (ordinary shares) and “RMSGW” (warrants) on November
20, 2024.
As previously reported, on November 19, 2024,
Real Messenger Corporation, a Cayman Islands exempted company (the
“Company”), completed a business combination (the “Business
Combination”) with Nova Vision Acquisition Corp., a British Virgin
Islands limited company (“Nova SPAC”), the Company’s ordinary
shares began trading on Nasdaq under the symbol RMSG, and the
Company’s warrants began trading on Nasdaq under the symbol RMSGW
(the “PubCo Warrants”), effective November 20, 2024.
The Company wishes to clarify the terms of the
PubCo Warrants in light of mistaken references to the Pubco
Warrants found in the Prospectus filed by Nova SPAC on SEC Form
424B3 on August 19, 2024, and in the Registration Statement filed
by Nova SPAC on SEC Form F-4/A on August 13, 2024 (together, the
“Prospectus Filings”).
The Prospectus Filings refer in several
instances to Nova SPAC’s warrants (“Nova Warrants”) as “exercisable
30 days after the consummation of the Business Combination” and
also state that “The PubCo Warrants will have the same terms as the
Nova Warrants” and that the PubCo Warrants entitle the holders
thereof to purchase the Company’s ordinary share “commencing 30
days after the consummation of the Business Combination.”
It has come to the attention of the Company that
the terms of the Nova Warrants, and the terms of the PubCo Warrants
do not in fact provide for such 30-day period before which the
PubCo Warrants may be exercised. Accordingly, the PubCo Warrants
are exercisable immediately. The Company has instructed its
transfer agent accordingly.
The Company also wishes to clarify that its
ordinary shares underlying the PubCo Warrants have been reserved
for issuance and have been registered pursuant to the Prospectus
Filings. Accordingly, upon exercise of the PubCo Warrants, the
underlying shares will be issued as registered shares.
About Real Messenger Holdings
Limited
Real Messenger (Nasdaq: RMSG and RMSGW) is a
real estate technology platform headquartered in Costa Mesa, CA.
Founded in 2022, Real Messenger is transforming real estate
engagement by connecting agents, buyers, sellers, and other
industry participants within a unified, social platform. With users
across 35 countries, Real Messenger’s primary reach is in the U.S.,
with notable growth in key markets such as the U.K. and
Australia.
With over 1 million users, Real Messenger is
building a vibrant global community, creating a dynamic space for
real estate connections, insights, and experiences. In recognition
of its impact, Real Messenger was named to the 2023 HousingWire
Tech 100 list, and its CEO, Thomas Ma, was honored in Inman’s “Best
of Proptech” awards in 2023.
Important Notice Regarding
Forward-Looking Statements
This press release contains certain
“forward-looking statements” within the meaning of the Securities
Act of 1933, as amended, and the Securities Exchange Act of 1934,
as amended. Statements that are not historical facts, including
statements about Real Messenger’s (and its predecessor by merger,
Nova Vision’s) perspectives and expectations, are forward-looking
statements. Such statements include, but are not limited to,
statements regarding the effect of the completed business
combination transaction, including the benefits of the proposed
transaction, anticipated future financial and operating performance
and results, plans for growth, and the expected management and
governance of the combined company. The words “expect,” “believe,”
“estimate,” “intend,” “plan” and similar expressions indicate
forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to various
risks and uncertainties, assumptions (including assumptions about
general economic, market, industry and operational factors), known
or unknown, which could cause the actual results to vary materially
from those indicated or anticipated.
The forward-looking statements are based on the
current expectations of the management of Real Messenger, and are
inherently subject to uncertainties and changes in circumstances
and their potential effects and speak only as of the date of such
statements. There can be no assurance that future developments will
be those that have been anticipated. These forward-looking
statements involve a number of risks, uncertainties or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by these
forward-looking statements including: risks related to Real
Messenger’s businesses and strategies; the ability to recognize the
anticipated benefits of the business combination; other risks and
uncertainties included under the header “Risk Factors” in the
registration statement on Form F-4, filed by Nova Vision with the
SEC; and in Nova Vision’s and Real Messenger’s other filings with
the SEC. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those indicated or
anticipated by such forward-looking statements. Accordingly, you
are cautioned not to place undue reliance on these forward-looking
statements. Forward-looking statements relate only to the date they
were made, and Real Messenger and its subsidiaries undertake no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made except as required
by law or applicable regulation.
Contacts
Real Messenger Holdings Limitedir@real.coNova Vision Acquisition
Corp.info@novavisionacquisition.com
Real Messenger (NASDAQ:RMSG)
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