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Horizon Space Acquisition I Corp. (NASDAQ: HSPO) announced the adjournment of its extraordinary general meeting from December 20, 2024, to December 23, 2024, at 9:00 a.m. Eastern Time. The adjournment aims to provide additional time for shareholder engagement. The meeting's location remains at Robinson & Cole LLP in New York, with virtual attendance options available.
The record date stays unchanged at November 14, 2024, and shareholders who have already voted need not take further action. The adjournment extends the deadline for public shareholders to submit redemption requests until the rescheduled meeting. Continental Stock Transfer & Trust Company handles share-related inquiries, while Advantage Proxy serves as the company's proxy solicitor for meeting-related questions.
Horizon Space Acquisition I Corp. (NASDAQ: HSPO) has announced revised terms for its extraordinary general meeting on December 20, 2024. The company has modified its charter amendment proposal, allowing for up to twelve one-month extensions until December 27, 2025, to complete a business combination.
The key change involves increasing the required monthly Trust Account contribution from $60,000 to $120,000 for all remaining public shares. If any monthly extension fee isn't deposited by the 27th of each month, the trustee has irrevocable rights to force company liquidation within two weeks. The company has also agreed not to use trust proceeds including interests for dissolution expenses.
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) has received approval from Nasdaq Stock Market to list its ordinary shares, units, warrants and rights on the Nasdaq Capital Market. Trading of these securities is scheduled to begin on the Nasdaq Capital Market at market open on November 14, 2024.
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. (HSPO) and Squirrel Enlivened International Co., have entered into a definitive Business Combination Agreement. Squirrel, a brand marketing and strategy consulting company, will be listed on Nasdaq upon completion of the merger. The transaction involves a complex reorganization where Squirrel HoldCo will merge with Squirrel Cayman, followed by Merger Sub merging with HSPO. This will result in the cancellation of existing securities and issuance of new Squirrel Cayman shares. The deal aims to provide Squirrel with access to growth capital and global investors. Angxiong Zhao, CEO of Shenzhen Squirrel, expressed excitement about the potential for business expansion and innovation. Michael Li, CEO of HSPO, highlighted Squirrel's expertise in China's brand marketing industry as a significant growth opportunity.
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