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).
Summary not available.
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.