Horizon Space I Shareholders Approve 6-Month Extension with Modest Redemptions

Horizon Space Acquisition I in a filing said shareholders voted in favor of pushing the SPAC’s completion deadline to March 2024.

The SPAC said 562,779 shares were redeemed ahead of the vote, or about 9% of shares outstanding.

The SPAC raised $60 million in a December 2022 IPO. Horizon Space I is focused on emerging growth companies. Horizon has said it will consider potential target companies worldwide, including China, though it has yet to announce a target. Read more.

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Catcha Investment Files for $250M IPO

The new SPAC in the filing said it would target companies with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors across Asia Pacific, in particular Southeast Asia and Australia.