8-K
filed December 28, 2022, 6:59 PM ET
ticker HSPOF
CIK 0001946021
other material
confidence high
sentiment neutral
materiality 0.70
Horizon Space Acquisition I Corp. closes $69M SPAC IPO, funds $70.2M trust, appoints three independent directors
Horizon Space Acquisition I Corp.
- IPO of 6,900,000 units at $10/unit for $69M gross proceeds; over-allotment fully exercised.
- Private sale of 385,750 units to sponsor for $3.86M; total $70.21M deposited in trust account.
- Angels Colon, Mark Singh, Rodolfo Jose Gonzalez Caceres appointed as independent directors; Colon named audit chair.
- 200,000 representative shares issued to underwriter as compensation; lock-up 180 days.
- Deadline for initial business combination: Sep 27, 2023 (or Mar 27, 2024 if extended).
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Singh was appointed as Director at Horizon Space Acquisition I Corp..
- Action
- became
- Role
- Director
Exact text from the filing
Effective December 21, 2022, in connection with the effectiveness of the Registration Statement, Messrs. Messrs. Angel Colon, Mark Singh and Rodolfo Jose Gonzalez Caceres became directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Angel Colon was appointed as Director at Horizon Space Acquisition I Corp..
- Action
- became
- Role
- Director
Exact text from the filing
Effective December 21, 2022, in connection with the effectiveness of the Registration Statement, Messrs. Messrs. Angel Colon, Mark Singh and Rodolfo Jose Gonzalez Caceres became directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rodolfo Jose Gonzalez Caceres was appointed as Director at Horizon Space Acquisition I Corp..
- Action
- became
- Role
- Director
Exact text from the filing
Effective December 21, 2022, in connection with the effectiveness of the Registration Statement, Messrs. Messrs. Angel Colon, Mark Singh and Rodolfo Jose Gonzalez Caceres became directors of the Company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Horizon Space Acquisition I Corp.: Adopted and filed Amended and Restated Memorandum and Articles of Association (effective 2022-12-20).
- Change
- charter amendment
- Effective
- 2022-12-20
Exact text from the filing
On December 20, 2022, the Company adopted and filed its Amended and Restated Memorandum and Articles of Association.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Horizon Space Acquisition I Corp. entered into Rights Agreement with Continental Stock Transfer & Trust Company (effective 2022-12-21).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2022-12-21
Exact text from the filing
● a Warrant Agreement, dated December 21, 2022, between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent; ● a Rights Agreement, dated December 21, 2022, between the Company and CST, as rights agent; ● a Private Units Purchase Agreement, dated December 21, 2022, between the Company and the Sponsor; ● a Securities Transfer Agreement, dated September 12, 2022, among the Company, the Sponsor and certain directors of the Company; ● an Investment Management Trust Agreement, dated December 21, 2022, between the Company and CST, as trustee; 2 ● an Escrow Agreement, dated December 21, 2022, among the Company, CST, and certain shareholders named therein; ● a Registration Rights Agreement, dated December 21, 2022, between the Company, the Sponsor and certain other security holders of the Company; ● a Letter Agreement, dated December 21, 2022, between the Company,
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Horizon Space Acquisition I Corp. entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2022-12-21).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2022-12-21
Exact text from the filing
● a Warrant Agreement, dated December 21, 2022, between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent; ● a Rights Agreement, dated December 21, 2022, between the Company and CST, as rights agent; ● a Private Units Purchase Agreement, dated December 21, 2022, between the Company and the Sponsor; ● a Securities Transfer Agreement, dated September 12, 2022, among the Company, the Sponsor and certain directors of the Company; ● an Investment Management Trust Agreement, dated December 21, 2022, between the Company and CST, as trustee; 2 ● an Escrow Agreement, dated December 21, 2022, among the Company, CST, and certain shareholders named therein; ● a Registration Rights Agreement, dated December 21, 2022, between the Company, the Sponsor and certain other security holders of the Company; ● a Letter Agreement, dated December 21, 2022, between the Company,
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Horizon Space Acquisition I Corp. entered into Underwriting Agreement with Network 1 Financial Securities, Inc. (effective 2022-12-21).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Network 1 Financial Securities, Inc.
- Effective
- 2022-12-21
Exact text from the filing
an Underwriting Agreement, dated December 21, 2022, between the Company and Network 1 Financial Securities, Inc., the representative of the underwriters of the IPO (the “Representative”);
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Horizon Space Acquisition I Corp. entered into Private Units Purchase Agreement with Horizon Space Acquisition I Sponsor Corp. valued at $3,875,500 (effective 2022-12-21).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Horizon Space Acquisition I Sponsor Corp.
- Value
- $3,875,500
- Effective
- 2022-12-21
Exact text from the filing
Substantially concurrently with the closing of the IPO, the Company completed the private sale of 385,750 units (the “Private Units”) to the Company’s sponsor, Horizon Space Acquisition I Sponsor Corp. (the “Sponsor”). Each Private Unit consists of one Ordinary Share, one Warrant (the “Private Warrants”), and one Right (the “Private Rights”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Horizon Space Acquisition I Corp. entered into Warrant Agreement with Continental Stock Transfer & Trust Company (effective 2022-12-21).
- Action
- entry
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2022-12-21
Exact text from the filing
a Warrant Agreement, dated December 21, 2022, between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent;
View on SEC.gov
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