New York, Dec. 20, 2024 (GLOBE NEWSWIRE) -- 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 Company has revised the terms and conditions in connection with the proposal to amend the Company's current charter (the “MAA Amendment Proposal”) and the proposal to amend the trust agreement with the trustee of the Company's trust account (the “Trust Amendment Proposal”). The revised terms and conditions, among other things, include:
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").
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.