Horizon Space SPAC extends deadline to July 27, 2024 via $60K note from target Shenzhen Squirrel

Horizon Space Acquisition I Corp.

Company extended initial business combination deadline from June 27 to July 27, 2024 by depositing $60,000 into trust.
The $60,000 was paid by target Shenzhen Squirrel Enlivened Media Group under a non-binding LOI; SPAC issued an unsecured promissory note for that amount.
Note bears no interest, due upon business combination or expiry; convertible into SPAC units at $10 per unit upon a deal.
No definitive business combination agreement has been signed; the LOI remains non-binding.
Conversion rights and note itself are unregistered securities issued under Section 4(a)(2) exemption.

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