other material
confidence high
sentiment neutral
materiality 0.55
Horizon Space extends deadline to Sep 27; target deposits $60k, receives convertible note
Horizon Space Acquisition I Corp.
- Deposited $60k into trust account to extend deadline from Aug 27 to Sep 27, 2024; funded by target Shenzhen Squirrel Enlivened Media.
- Issued $60k unsecured promissory note to target, no interest, due upon business combination or expiry of the company's term.
- Note convertible into units (share + warrant + right) at $10 per unit upon any future business combination.
- Non-binding LOI with target remains in place; no definitive agreement has been reached for a business combination.