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Horizon Space Acquisition I Corp. Announces Revised Contribution to Trust Account in Connection with the Proposed Charter Amendment
HSPOHorizon Space Acquisition I (HSPO) Newsfilter·2024-12-20 13:30

Core Viewpoint - Horizon Space Acquisition I Corp. is seeking shareholder approval for amendments to its charter and trust agreement, which will allow for extended time to complete a business combination until December 27, 2025, with revised terms for trust account contributions [6][13]. Group 1: Company Proposals - The Company has proposed amendments to its current charter (MAA Amendment Proposal) and the trust agreement (Trust Amendment Proposal) to facilitate a business combination [13]. - If approved, the Company can extend the deadline for completing a business combination up to twelve times, each by one month, until December 27, 2025 [6][13]. - The New Monthly Extension requires a contribution of 120,000tothetrustaccountforallremainingpublicshares,comparedtothepreviousrequirementof120,000 to the trust account for all remaining public shares, compared to the previous requirement of 60,000 or $0.04 per share [6]. Group 2: Shareholder Information - The record date for determining shareholders entitled to vote at the Meeting is November 14, 2024, and shareholders can vote even if they have sold their shares after this date [14]. - Shareholders who have already voted do not need to take further action unless they wish to change their vote [14]. - The Company encourages shareholders who have not yet voted to do so as soon as possible [14]. Group 3: Regulatory Compliance - The Company will file a current report on Form 8-K in connection with each New Monthly Extension as per applicable rules and regulations [9]. - The definitive proxy statement filed with the SEC on November 19, 2024, will be amended to include information about the New Extension Fee and proposed amendments [12]. - Investors are urged to read the definitive proxy statement and other documents filed with the SEC for important information [12].