Breaking News: Horizon Space Acquisition I Corp Boosts Trust Account Contribution for Proposed Charter Amendment!

Description:

NEW YORK, NY / ACCESSWIRE / December 17, 2024 / Horizon Space Acquisition I Corp. (the “Company”) (NASDAQ:HSPO) today announced that, in connection with its previously announced extraordinary general meeting of shareholders in lieu of an annual general meeting to be held on December 20, 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 $60,000 for all remaining public shares and $0.04 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 December 27, 2024 to complete a business combination and may elect to extend up to twelve times, each by a one-month extension (“New Monthly Extension”), for a total up to twelve months to December 27, 2025 (such extension, the “Extension”).

How does this news affect me?

This update from Horizon Space Acquisition I Corp. can potentially impact shareholders who have invested in the Company or are planning to do so. The increase in the Trust Account contribution for the proposed charter amendment may affect the financial decisions of investors and potentially influence the stock price of the company. It is important for stakeholders to stay informed about such developments to make well-informed investment choices.

How does this news affect the world?

The decision by Horizon Space Acquisition I Corp. to boost the Trust Account contribution for the proposed charter amendment can have broader implications in the financial market and the business world. It signals the company’s commitment to its shareholders and its strategic planning for future business combinations. This news may also reflect the overall economic trends and investor sentiment, which can impact the market as a whole.

Conclusion:

In conclusion, the recent announcement by Horizon Space Acquisition I Corp. regarding the trust account contribution for the proposed charter amendment is a significant development that can have far-reaching effects on both individual investors and the global financial landscape. It is essential for stakeholders to closely monitor these changes and consider their implications when making investment decisions. This decision underscores the importance of staying informed and being proactive in navigating the ever-evolving world of finance.