Breaking News: Horizon Space Acquisition I Corp Boosts Trust Account Contribution for Charter Amendment Proposal!
New York, Dec. 20, 2024 (GLOBE NEWSWIRE) —
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 Company has revised the terms and conditions in connection with the proposal to amend the Company’s current charter (the “MAA Amendment Proposal”) and the proposal to amend the trust agreement with the trustee of the Company’s trust account (the “Trust Amendment Proposal”). The revised terms and conditions, among other things, include:
Boosted Trust Account Contribution
The Company has increased its contribution to the trust account, indicating a strong commitment to the proposed amendments. This move is aimed at providing greater financial security and stability for shareholders.
Revised Terms and Conditions
The Company has made adjustments to the terms and conditions of the charter and trust agreement proposals to ensure they align with the best interests of its shareholders. These revisions demonstrate the Company’s dedication to transparency and accountability.
Enhanced Corporate Governance
By revising the charter and trust agreement proposals, the Company is taking steps to enhance its corporate governance practices. This commitment to good governance will strengthen investor confidence and trust in the Company.
Overall, the boosted trust account contribution and revised terms and conditions reflect Horizon Space Acquisition I Corp.’s commitment to upholding shareholder interests and improving corporate governance.
How Will This Affect Me?
As a shareholder of Horizon Space Acquisition I Corp., the increased trust account contribution and revised charter and trust agreement proposals will likely benefit you by providing greater financial security and transparency. These changes demonstrate the Company’s commitment to addressing shareholder concerns and ensuring a strong governance framework.
How Will This Affect the World?
The actions taken by Horizon Space Acquisition I Corp. to boost its trust account contribution and amend its charter and trust agreement will set a positive example for corporate governance practices. By prioritizing shareholder interests and transparency, the Company is contributing to a culture of accountability and trust in the business world.
Conclusion
In conclusion, Horizon Space Acquisition I Corp.’s decision to increase its trust account contribution and revise its charter and trust agreement proposals is a significant step towards enhancing shareholder value and improving corporate governance. These actions demonstrate the Company’s commitment to transparency, accountability, and building trust with its investors.
