Horizon Space extends SPAC deadline to Jan 27, 2024 via $70k trust deposit funded by target Squirrel Media

Horizon Space Acquisition I Corp.

Deposited $70k into trust account to extend deadline from Dec 27, 2023 to Jan 27, 2024 for initial business combination.
Payment made by Shenzhen Squirrel Enlivened Media Group under a non-binding LOI; company issued a $70k convertible promissory note to target.
Note bears no interest, due upon business combination or company expiry; convertible into units at $10.00 per unit.
Company retains ability to extend further to March 27, 2024 with monthly $70k deposits by sponsor or designee.
No definitive agreement with target has been reached; LOI remains non-binding.

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