Horizon Space Acquisition I today in an S-1 filing registered to offer 6 million units at $10 each. A unit consists of one ordinary share, a warrant and one right to receive one-tenth of a share.
The underwriters, Network 1 Financial Securities, have an over-allotment option to purchase up to 900,000 additional shares.
The SPAC is focused on emerging growth companies.
Horizon is led by CEO, CFO and Director Mingyu (Michael) Li. Since March 2022, Li has served as a director of Lakeshore Acquisition II, currently listing on the Nasdaq. Since November 2021, he has served as the CEO of Hangzhou Qianhe Mingde Enterprise Management Consulting Co., Ltd., aka Horizon Holdings, a company providing consulting services. His M&A and investment banking experience includes working with companies in the media and energy sectors.
Horizon in the filing said it will consider potential target companies worldwide, including China.
The SPAC has applied for a Nasdaq listing under the symbol HSPOU. Read more.
