FORM OF SUBSCRIPTION AGREEMENT BETWEEN THE REGISTRANT AND THE SPONSOR
Arca Nova Acquisition Corp
Arca Nova Acquisition Corp
301 S McDowell Street Suite 125
Charlotte, NC 28204
Ladies and Gentlemen:
Arca Nova Acquisition Corp (the “Company”), a blank check company formed for the purpose of acquiring one or more businesses or entities (a “Business Combination”), intends to register its securities under the Securities Act of 1933, as amended (“Securities Act”), in connection with its initial public offering (“IPO”), pursuant to a registration statement on Form S-1 (“Registration Statement”).
The undersigned hereby commits that it will purchase 176,500 units of the Company (“Private Units”), each Private Unit consisting of one ordinary share of the Company, no par value (the “Ordinary Shares”) and one-half of one redeemable warrant with each whole warrant entitling the holder thereof to purchase one ordinary share at a price of $11.50 per share, subject to adjustment, at $10.00 per Private Unit, for a purchase price of $1,765,000 (the “Private Unit Purchase Price”).
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