Horizon Space Acquisition I Corp. (the “Company”), a newly organized blank check company incorporated as a Cayman Islands exempted company and led by Chairman and CEO Mingyu (Michael) Li, today announced the pricing of its initial public offering of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share, one full redeemable warrant, and one right to receive one-tenth (1/10) of one ordinary share upon the completion of the Company’s initial business combination. Each whole warrant will entitle the holder thereof to purchase one ordinary share at $11.50 per share. The units are expected to be traded on the Nasdaq Global Market (“NASDAQ”) under the ticker symbol “HSPOU” beginning on December 22, 2022. Once the securities comprising the units begin separate trading, the ordinary shares, the warrants and the rights are expected to be traded on the NASDAQ under the symbols “HSPO,” “HSPOW” and “HSPOR,” respectively. The offering is expected to close on December 27, 2022, subject to customary closing conditions.
Network 1 Financial Securities, Inc. is acting as sole book-running manager for the offering. Maxim Group LLC is acting as an underwriter and financial advisor in connection with the offering. The Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the initial public offering price to cover over-allotments, if any.
A registration statement on Form S-1 (File No.: 333-268578) relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 21, 2022. The offering is being made only by means of a prospectus forming a part of the effective registration statement. When available, copies of the prospectus relating to this offering may be obtained by contacting Network 1 Financial Securities, Inc., 2 Bridge Avenue Suite241, Red Bank, NJ 07701, Attention Karen Mu, email kmu@netw1.com or by calling +1(800)886-7007 or by accessing the SEC’s website, www.sec.gov.
