Horizon Space Acquisition Corp. (HSPO)
NASDAQ (CM) NASDAQ (CM) Primary Summary
Horizon Space Acquisition I Corp. Announces Revised Contribution to Trust Account in Connection with the Proposed Charter Amendment
NEW YORK, NY / ACCESSWIRE / December 17, 2024 / Horizon Space Acquisition I Corp. (the "Company") (NASDAQ:HSPO) today announced that, in connection with its previously announced extraordinary general meeting of shareholders in lieu of an annual general meeting to be held on December 20, 2024 (the "Meeting"), the required contribution to the trust account of the Company (the "Trust Account") for each its newly proposed monthly extension is revised to the lesser of (i) $60,000 for all remaining public shares and (ii) $0.04 for each remaining public share (the "New Extension Fee"). The Meeting is to be held for the purpose of considering and voting on, among other proposals, a proposal to amend the Company's current charter (the "MAA Amendment Proposal") to provide that the Company has until December 27, 2024 to complete a business combination and may elect to extend up to twelve times, each by a one-month extension ("New Monthly Extension"), for a total up to twelve months to December 27, 2025 (such extension, the "Extension").
Horizon Space Acquisition I Corp. Announces Confidential Submission of Registration Statement to the SEC for Proposed Business Combination with Squirrel Enlivened International Co., Ltd, a Brand Marketing and Strategy Consulting Company
NEW YORK, NY / ACCESSWIRE / September 19, 2024 / Squirrel Enlivened International Co., Ltd ("Squirrel Cayman"), a brand marketing and strategy consulting company, and Horizon Space Acquisition I Corp. ("HSPO") (Nasdaq:HSPO), a publicly traded special purpose acquisition company, today announced the confidential submission of a draft Registration Statement on Form F-4, including a preliminary proxy statement (the "Registration Statement") to the U.S. Securities and Exchange Commission (the "SEC") on September 19, 2024 with respect to their previously announced proposed business combination (the "Business Combination") pursuant to the business combination agreement dated September 16, 2024 ("Business Combination Agreement"). The Registration Statement contains a preliminary proxy statement and prospectus in connection with the Business Combination Agreement and proposed Business Combination.
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Horizon Space Acquisition Corp. Profile
| Trading Companies & Distributors Industry | Industrials Sector | Mingyu Li CEO | NASDAQ (CM) Exchange | KYG4619M1096 ISIN |
| US Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Horizon Space Acquisition I Corp. is a company incorporated in 2022, based in New York, New York. Its main focus lies in executing a significant business maneuver such as a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or a similar business combination with one or more businesses or entities. As a relatively new entity, it eyes opportunities to amalgamate with or acquire businesses that have the potential for growth and value enhancement, positioning itself as a conduit for businesses looking to enter the public marketplace or to achieve additional capital and strategic growth.
Products and Services
Given its nature as a special purpose acquisition company (SPAC), Horizon Space Acquisition I Corp. does not offer traditional products or services in the way that manufacturing or retail companies do. Instead, its offerings are centered around the opportunities it creates for businesses through financial and strategic business combinations.
- Merger Facilitation: Offering companies an avenue to merge with a public entity, facilitating easier access to capital markets and providing an alternative to the traditional initial public offering (IPO) process.
- Share Exchange Agreements: Arranging share exchange deals that can allow for strategic partnerships or acquisitions, enabling shares of one company to be exchanged for shares of another.
- Asset Acquisition: Providing a pathway for companies to expand or diversify their business through the acquisition of valuable assets from another company.
- Share Purchase Agreements: Facilitating the purchase of shares directly from another company to achieve a stakeholder position without the need for an IPO.
- Recapitalization Services: Offering services that can help companies restructure their capital structure to optimize their balance sheet or fund growth opportunities, often without the need for direct borrowing.
- Reorganization Support: Assisting companies in reorganizing their business structures, operations, or finances to improve efficiency, profitability, or strategic positioning in their markets.
