Horizon Space Acquisition I Corp. (HSPOU) Prices $60M IPO


Horizon Space Acquisition I Corp. (HSPOU) Prices $60M IPO

Horizon Space Acquisition I Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HSPOU” Thursday, December 22, 2022.

The new SPAC intends to acquire emerging growth companies that either grow into a position to generate cash or are already cash-generative. Horizon Space I is led by CEO, CFO, and Chairman Mingyu (Michael) Li.

Total SPAC deal count for 2022 year-to-date is now 85. This offering is expected to close on Tuesday, December 27.

Network 1 Financial Securities, LLC is acting as sole bookrunning manager of the offering. Maxim Group LLC is acting as an underwriter and financial advisor in connection with the offering. Chrysler East Building is serving as Issuer’s Counsel with Sichenzia Ross Ference LLP serving as Underwriter’s Counsel. UHY, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.