other material
confidence high
sentiment neutral
materiality 0.40
Horizon Space Acquisition extends merger deadline to Jan 27 with $120k from target
Horizon Space Acquisition I Corp.
- Company extended deadline to complete business combination from Dec 27, 2024 to Jan 27, 2025 via $120,000 deposit into trust account.
- Deposit made by Shenzhen Squirrel Enlivened Media Group (target) as part of the September 16, 2024 Business Combination Agreement.
- Company issued $120,000 unsecured promissory note to Shenzhen Squirrel, bearing no interest, payable upon business combination or term expiry.
- Note is repayable only from non-trust funds if no business combination occurs.