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Horizon Space Acquisition I Corporation ( (HSPOF) ) has provided an update.
On April 2, 2026, Horizon Space Acquisition I Corp. issued a definitive proxy statement ahead of an April 20 extraordinary general meeting, seeking shareholder approval to extend its deadline to complete a business combination to June 12, 2027 and to amend its trust agreement accordingly, with public shareholders able to redeem their shares for cash. The company has now corrected an arithmetic error in that filing, revising the estimated per-share redemption price as of the March 26, 2026 record date from approximately $11.66 to about $12.725, which means that, assuming the market price remains unchanged, shareholders exercising redemption rights would receive roughly $0.49 more per share than selling in the open market, without altering any other meeting terms or proposals.
More about Horizon Space Acquisition I Corporation
Horizon Space Acquisition I Corp. is a special purpose acquisition company focused on effecting a business combination, typically through merging with or acquiring one or more operating businesses. As a blank-check company, it holds investors’ funds in a trust account while it seeks a suitable target, giving public shareholders the option to redeem their shares for cash if they do not wish to participate in the eventual transaction.
Average Trading Volume: 386
Technical Sentiment Signal: Strong Buy
Current Market Cap: $29.73M
See more insights into HSPOF stock on TipRanks’ Stock Analysis page.