other material
confidence high
sentiment neutral
materiality 0.50
Horizon Space I SPAC extends deadline to June 27; target funds extension with $60K note
Horizon Space Acquisition I Corp.
- $60,000 deposited into trust to extend business-combination deadline from May 27 to June 27, 2024.
- Extension funded by target Shenzhen Squirrel Enlivened Media Group via an unsecured promissory note.
- Note is interest-free, convertible into SPAC units at $10/unit upon completion of a business combination.
- No definitive business-combination agreement has been reached; the existing LOI remains non-binding.