Shares in the spac spiked 10 cents or 1.98% higher at $5.15 after the market opened on Feb 2.
Novo Tellus Alpha Acquisition (NTAA) will redeem all of its issued Class A shares at $5.1839 apiece, announced the special purpose acquisition company (spac) on Feb 2.
Shareholders as at the record date of Feb 13, will be paid in cash.
