Author: Rousseau of Zhitong Finance and Economics
The New York-based company is led by Chief Executive Officer, Chief Financial Officer and Chairman Michael Li.
Horizon Space Acquisition I, a blank cheque company led by a Chinese PE executive, plans to raise about $60 million by issuing 6 million shares at an issue price of $10 each, Zhitong Financial APP has learned. Each share issued includes one common share, a right to 1/10 shares upon completion of the initial business merger, and a warrant exercisable at $11.50. These units are expected to begin on December 22, 2022.NASDAQGlobal Markets (NASDAQ) is traded under the stock symbol "HSPOU".
The New York-based company is led by CEO, CFO and Chairman Michael Li, CEO of Horizon Capital, a private equity firm focused on renewable energy and artificial intelligence-driven manufacturing. Li is also a director of Lakeshore Acquisition II (LBBB.US) and the CEO of consulting firm Horizon Holdings and Shenzhen and Taimingde Capital Management Co., Ltd. (Shenzhen Hetai Mingde Capital Management).
Although SPAC does not specify the target industry or region, it plans to focus on emerging growth companies with long-term revenue predictability and a solid market position. The company said in its prospectus that it might seek opportunities in China.
Horizon Space Acquisition I plans to list on the Nasdaq under the ticker symbol "HSPOU". Network 1 Financial Securities acts as the sole bookkeeper for the transaction.
Responsible editor: Guo Mingyu