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Accesswire
1 year ago
Horizon Space Acquisition I Corp. Announces Revised Contribution to Trust Account in Connection with the Proposed Charter Amendment
NEW YORK, NY / ACCESSWIRE / March 18, 2024 / Horizon Space Acquisition I Corp. (the "Company") (NASDAQ:HSPO) today announced that, in connection with its previously announced extraordinary general meeting of shareholders to be held on March 22, 2024 (the "Meeting"), the required contribution to the trust account of the Company (the "Trust Account") for each its newly proposed monthly extension is revised to the lesser of (i) $60,000 for all remaining public shares and (ii) $0.035 for each remaining public share (the "New Extension Fee"). The Meeting is to be held for the purpose of considering and voting on, among other proposals, a proposal to amend the Company's current charter (the "MAA Amendment Proposal") to provide that the Company has until March 27, 2024 to complete a business combination and may elect to extend up to nine times, each by a one-month extension ("New Monthly Extension"), for a total up to nine months to December 27, 2024 (such extension, the "Extension").
