other material
confidence high
sentiment negative
materiality 0.75
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.