other material
confidence high
sentiment neutral
materiality 0.20
Horizon Space Acquisition I Corp. amends trust agreement to allow up to $100k for dissolution expenses
Horizon Space Acquisition I Corp.
- Shareholders approved extension of trust liquidation deadline to up to March 27, 2024 at Sept 25 meeting.
- Amendment allows distribution of up to $100,000 of interest income to reserve for dissolution expenses.
- Amendment dated Oct 4, 2023 between company and Continental Stock Transfer & Trust.
- Trustee directed to release funds to company's operating account upon written request.
- No impact on trust principal or redemption rights; procedural SPAC administrative step.