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Thursday, 01/20/2022 3:54:35 PM

Thursday, January 20, 2022 3:54:35 PM

Post# of 105
At close of business on January 21, 2022, the Units of NVACU were split as follows:

Before COB on 1/21/2022:

NVACU = the "Unit", which consisted of 1 share, 1/2 warrant, and 1/10th Right

After COB on 1/21/2022:

NVAC = Common Share

NVACW = A Warrant, 1 Warrant issued for every 2 units owned, no warrants for a single (or odd numbered) unit, warrants are for the future purchase of a share of NVAC @ $11.50, regardless of the market price.

NVACR = Rights, 1/10th of a Right issued for every unit. Apparently, there will be shares issued in 10ths, as I have not seen a restriction as to ownership of fractions of units in lots less than 10 units. The Right is for 1/10th of a common share upon the successful consummation ("joining") of a business relationship.

By buying units in lots of 10, an investor will not lose in the case of a half warrant (since the units purchased are in even numbers), AND the investor will NOT wind up with any fractional shares upon business consummation.

Please note that my posts are for discussion only. They should NOT BE CONSIDERED AS ADVICE FOR YOUR OWN PERSONAL INVESTMENT CHOICES. ALWAYS do your own DD and feel free to question or validate my posts at anytime.


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