other material
confidence high
sentiment neutral
materiality 0.50
SPAC Horizon Space II closes over-allotment option, raising $9M additional
Horizon Space Acquisition II Corp.
- Underwriters exercised over-allotment in full: 900,000 Units at $10.00/unit, gross proceeds $9,000,000.
- Sponsor purchased 13,500 additional Private Units at $10.00/unit, gross proceeds $135,000.
- Issued 31,500 additional Representative Shares to underwriter as compensation.
- Total trust account proceeds increased from $60M to $69M post-over-allotment.
- Pro forma balance sheet as of November 21, 2024 attached.