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Horizon Space Acquisition I Corp. Ordinary Shares - HSPO STOCK NEWS

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Rhea-AI Summary

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).

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
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FAQ

What is the current stock price of Horizon Space Acquisition I Ordinary Shares (HSPO)?

The current stock price of Horizon Space Acquisition I Ordinary Shares (HSPO) is $11.255 as of November 8, 2024.

What is the market cap of Horizon Space Acquisition I Ordinary Shares (HSPO)?

The market cap of Horizon Space Acquisition I Ordinary Shares (HSPO) is approximately 88.3M.

Horizon Space Acquisition I Corp. Ordinary Shares

Nasdaq:HSPO

HSPO Rankings

HSPO Stock Data

88.27M
7.83M
28.56%
69.81%
0.04%
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