other material
confidence high
sentiment neutral
materiality 0.50
Horizon Space extends BC deadline to March 27, 2024 with $70K deposit from target
Horizon Space Acquisition I Corp.
- Company extended deadline to March 27, 2024 by depositing $70,000 into trust account from target Shenzhen Squirrel Enlivened Media Group.
- Issued $70,000 unsecured promissory note to target, convertible into units at $10 per unit upon completion of a business combination.
- No definitive business combination agreement has been signed; LOI with target remains non-binding.
- Conversion right allows target to convert note into private units (1 share + 1 warrant + 1 right per unit).