Welcome to our dedicated page for Horizon Space Acquisition I news (Ticker: HSPOU), a resource for investors and traders seeking the latest updates and insights on Horizon Space Acquisition I stock.
The HSPOU news page on Stock Titan focuses on disclosures and developments related to Horizon Space Acquisition I Corp. units. HSPOU represents units listed on The Nasdaq Stock Market LLC, each consisting of one ordinary share, one redeemable warrant, and one right to acquire one-tenth of one ordinary share, as described in the company’s Form 8-K filings. Because Horizon Space Acquisition I Corp. is categorized as a shell company in the financial services sector, its news flow centers on regulatory filings and transaction-related announcements rather than traditional operating updates.
Visitors to this page can expect coverage of current reports on Form 8-K that describe material events affecting HSPOU and the related securities HSPO, HSPOW, and HSPOR. Recent filings have detailed extensions of the deadline to complete an initial business combination, monthly extension fee deposits into the company’s trust account, and the issuance of unsecured promissory notes to fund those extensions. News items also highlight the Agreement and Plan of Merger involving HSPO and several Squirrel entities, as well as the filing of a registration statement on Form F-4 connected to the proposed business combination.
For investors and observers tracking shell companies and special purpose entities, HSPOU news provides insight into the timing and structure of the proposed business combination, the mechanics of deadline extensions, and key legal and regulatory disclosures. This page is useful for monitoring how the company manages its trust account arrangements, extension options, and transaction documentation as described in its SEC filings.
Horizon Space Acquisition I Corp (NASDAQ:HSPO) has announced revised terms for its trust account contributions related to proposed monthly extensions. The company will hold an extraordinary general meeting on December 20, 2024, where shareholders will vote on amending the charter to extend the business combination deadline to December 27, 2024, with the option for up to twelve monthly extensions until December 27, 2025.
The new extension fee has been revised to the lesser of either $60,000 for all remaining public shares or $0.04 per remaining public share, increased from the original $0.004 per share. Shareholders of record as of November 14, 2024, are eligible to vote at the meeting, even if they have subsequently sold their shares.
Horizon Space Acquisition I Corp. (HSPO) and Squirrel Enlivened International Co., have confidentially submitted a draft Registration Statement on Form F-4 to the SEC on September 19, 2024. This submission is related to their previously announced proposed business combination. The Registration Statement includes a preliminary proxy statement and prospectus, providing important information about both companies and the Business Combination.
The Business Combination is subject to several conditions, including approval from HSPO's shareholders. Upon completion, Squirrel Cayman's shares will be listed on Nasdaq. This move marks a significant step towards finalizing the merger between the SPAC (HSPO) and the brand marketing and strategy consulting company (Squirrel Cayman).
Horizon Space Acquisition I Corp. (Nasdaq: HSPOU) announced that starting January 26, 2023, holders of its 6,900,000 units from the IPO can separately trade the ordinary shares, warrants, and rights within these units. The separation enables more flexible trading, with ordinary shares, warrants, and rights to trade under symbols HSPO, HSPOW, and HSPOR, respectively. The underwritten offering is managed by Network 1 Financial Securities, Inc., and the SEC has declared effective a registration statement related to these securities. This notification does not constitute an offer to sell or solicit purchases of these securities.
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