M&A - Squirrel Enlivened International Co., Ltd
Form Type: F-4/A
Filing Date: 2025-05-02
Corporate Action: Merger
Type: Update
Accession Number: 000192998025000371
Filing Summary: Squirrel Enlivened International Co., Ltd has filed an amendment to its Form F-4 registration statement for a proposed business combination with Horizon Space Acquisition I Corp. (HSPO). The Business Combination Agreement outlines that Squirrel Enlivened Technology Co., Ltd (HoldCo) will merge into Squirrel Enlivened International Co., Ltd (PubCo), making PubCo the surviving entity. Following this, Merger Sub will merge with HSPO. The merger will result in the cancellation of HoldCo's and HSPO's shares, which will be exchanged for shares of PubCo. The transaction is contingent upon various approvals, including regulatory and shareholder votes. After the Merger Closing, PubCo plans to list its ordinary shares on the Nasdaq under the symbol 'SQEI'. The merger aims to create a more robust combined entity with substantial operational capacity in China. Additionally, the filing details the share distribution between HoldCo shareholders and HSPO shareholders post-merger, underscoring the complexity and scale of the transaction among other companies involved.
Additional details:
Ordinary Shares Holders Distribution: Squirrel HoldCo Shareholders expected to hold between 80.4% and 83.8% of PubCo ordinary shares post-merger.
HsPO Shareholders Distribution: HSPO’s public shareholders expected to hold between 21.7% and 6.4% of PubCo ordinary shares depending on redemption scenarios.
Merger Closing Conditions: Effectiveness of the proxy/registration statement, shareholder approvals, and regulatory approvals are necessary for merger closing.
Business Combination Agreement Date: September 16, 2024
Emerging Growth Company: Yes
Trading Symbol: SQEI
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