Real Messenger Begins New Era with Nasdaq Listing Following Nova Vision Merger
Deal News | Nov 27, 2024 | Globenewswire
In a significant step for the real estate technology sector, Real Messenger Holdings Limited has successfully completed a business combination with Nova Vision Acquisition Corp, a SPAC. The merger results in the entity trading under the Real Messenger Corporation name on Nasdaq. This strategic move, approved by Nova Vision’s shareholders in September 2024, signifies Real Messenger's vision to revolutionize real estate industry connections through a unique, chat-based platform that reaches over 1 million users across 35 countries. CEO Thomas Ma underscores the impact of this Nasdaq listing as a foundational moment, aimed at transforming the real estate engagement landscape with digital solutions. Nova Vision, led by Eric Wong, supports entities with transformative technologies, illustrating this through their partnership with Real Messenger. Legal advice for the deal was provided by Nixon Peabody LLP and Loeb & Loeb LLP, with capital markets advice from Brookline Capital Markets, Arcadia Securities, and D. Boral Capital LLC.
Sectors
- Real Estate Technology
- Special Purpose Acquisition Companies (SPACs)
Geography
- United States – Real Messenger is headquartered in Costa Mesa, CA, and has a primary user base in the U.S.
- Global – Real Messenger operates in 35 countries, indicating its global reach and market operation.
Industry
- Real Estate Technology – The article revolves around Real Messenger, a platform leveraging technology to facilitate connections in the real estate industry.
- Special Purpose Acquisition Companies (SPACs) – Nova Vision Acquisition Corp is a SPAC that has completed a merger with Real Messenger, hence the focus on SPACs in this transaction.
Financials
- $58 million – The IPO proceeds raised by Nova Vision Acquisition Corp to facilitate business combinations.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Real Messenger Holdings Limited | Target company | Company | A real estate technology platform transforming engagement in the real estate sector, headquartered in Costa Mesa, CA. |
| Nova Vision Acquisition Corp | Acquiring company (SPAC) | Company | A SPAC sponsored by Nova Pulsar Holdings Limited, focused on identifying transformative tech companies. |
| Thomas Ma | CEO and Founder | Person | Founder and CEO of Real Messenger, leading the company through significant strategic developments. |
| Eric Wong | CEO | Person | CEO of Nova Vision, instrumental in supporting the merger with Real Messenger. |
| Nixon Peabody LLP | Legal advisor to Real Messenger | Company | Provided legal advice for Real Messenger in the merger process. |
| Loeb & Loeb LLP | Legal advisor to Nova Vision | Company | Provided legal counseling to Nova Vision during the merger. |
| Brookline Capital Markets | Capital markets advisor to Nova Vision | Company | Advised Nova Vision on capital markets strategy in the merger. |
| D. Boral Capital LLC | Capital markets advisor | Company | Served as a financial advisor in the business combination. |