M&A: Horizon Space Acquisition I Corp.

Form Type: 425

Filing Date: 2024-12-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000192998024000686

Comments: Horizon Space Acquisition I Corp. has disclosed details regarding its proposed business combination with Squirrel HoldCo and its subsidiaries as part of its efforts to complete its initial business combination. The Company has extended its deadline to consummate the business combination by depositing $120,000 into its Trust Account, allowing an extension of one month to January 27, 2025. This payment was made pursuant to the Business Combination Agreement dated September 16, 2024. Additionally, an unsecured promissory note in the same amount was issued to Shenzhen Squirrel Enlivened Media Group Co., Ltd., reflecting the Company's ongoing commitment to this merger process. The report includes forward-looking statements that address various risks and uncertainties related to the business combination, alongside information about the necessity for shareholder approval and further regulatory filings.

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Form Type: 425

Filing Date: 2024-12-30

Corporate Action: Merger

Type: New

Accession Number: 000192998024000687

Comments: Horizon Space Acquisition I Corp. filed a Form 8-K reporting an extension for completing its initial business combination, now due on January 27, 2025. The company received a deposit of $120,000 as a Monthly Extension Fee into its Trust Account, allowing the extension of the business combination period. This deposit was made by Shenzhen Squirrel Enlivened Media Group Co., Ltd., as part of a Business Combination Agreement dated September 16, 2024, involving multiple entities including Squirrel Enlivened Technology Co., Ltd. The filing indicates the company's emerging growth status and outlines significant forward-looking statements related to the potential business combination and associated risks. Additionally, the report notes that a registration statement on Form F-4 is intended to be filed, which will include a preliminary proxy statement regarding the proposed business combination. Investors are advised to carefully read forthcoming documentation related to the business combination.

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Form Type: 8-K

Filing Date: 2024-12-30

Corporate Action: Acquisition

Type: New

Accession Number: 000192998024000685

Comments: On December 27, 2024, Horizon Space Acquisition I Corp. extended its business combination deadline by one month to January 27, 2025, following the deposit of $120,000 into its trust account. This payment was made by Shenzhen Squirrel Enlivened Media Group Co., Ltd under a Business Combination Agreement dated September 16, 2024, concerning a merger with Squirrel Enlivened Technology Co., Ltd and its subsidiaries. The Company issued an unsecured promissory note of the same amount to Shenzhen Squirrel for this transaction, which bears no interest and is due upon the earlier of the completion of the business combination or the company's expiration. The document also contains forward-looking statements and discusses various risks related to the business combination, as well as future filings with the SEC regarding the proposed transaction.

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