Horizon Space SPAC extends deadline to Dec 2025; 3.66M shares redeemed (46.8% of outstanding)

Horizon Space Acquisition I Corp.

Shareholders approved charter amendment to extend business combination deadline to up to December 27, 2025 via monthly one-month extensions.
Each monthly extension requires a $120,000 deposit into the trust account by the 27th of each month.
3,663,651 ordinary shares (approx 46.8% of 7,832,390 outstanding) were redeemed in connection with the vote.
Angel Colon re-elected as Class I director; UHY LLP ratified as auditor for 2023 and 2024.
Trust Agreement amended to require liquidation if extension payments are not made by the applicable deadline.

item 1.01 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Horizon Space Acquisition I Corp.: Amended charter to extend business combination deadline to December 27, 2025, with monthly extension options (effective 2024-12-26).

Change: charter amendment
Effective: 2024-12-26

Exact text from the filing

At the Shareholder Meeting, the shareholders of the Company approved the proposal to amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) (such amendment, the “ Amended Charter ”) to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such Business Combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by December 27, 2024 (the “ Termination Date ”), and if the Company does not consummate a business combination by December 27, 2024, the Termination Date may be extended up to twelve times, each by a Monthly Extension, for a total of up to twelve months to December 27, 2025, without the need for any further approval of the Company’s shareholders.

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Source: SEC EDGAR

accession 0001929980-24-000678

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