other material
confidence high
sentiment neutral
materiality 0.55
HSPO extends business combination deadline to Feb 25, 2025 with $120k extension from Squirrel HK
Horizon Space Acquisition I Corp.
- On Jan 24, 2025, Squirrel HK deposited $120,000 into HSPO's trust account to extend the merger deadline by one month to Feb 25, 2025.
- HSPO will issue a zero-interest unsecured promissory note for $120,000 to Squirrel HK, payable upon closing or company expiry.
- This is the first of up to eleven possible monthly extensions, allowing HSPO until Dec 27, 2025 to complete its initial business combination.
- Squirrel HK is the same counterparty under the Business Combination Agreement dated Sep 16, 2024 with Squirrel Enlivened Technology Co.