Real Messenger Clarification Regarding Terms of Warrants and Registration of Underlying Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
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Source: Newsfilter
Company Overview: Real Messenger Corporation, a chat-based real estate platform, began trading on Nasdaq under the ticker symbols "RMSG" and "RMSGW" following its business combination with Nova Vision Acquisition Corp. on November 19, 2024.
Warrant Clarification: The company clarified that its PubCo Warrants are immediately exercisable, contrary to previous statements in the Prospectus Filings which suggested a 30-day waiting period post-business combination.
Analyst Views on RMSGW
Wall Street analysts forecast RMSGW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RMSGW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
