Horizon Space Acquisition II Corp. has successfully completed its initial public offering (IPO) on November 18, 2024, issuing 6 million units at $10 each and generating $60 million. These units, consisting of one ordinary share and one right to acquire one-tenth of an ordinary share, were listed on The Nasdaq Stock Market under the symbols HSPTU, HSPT, and HSPTR for units, ordinary shares, and rights, respectively. Concurrent with the IPO, they sold 200,000 private units to their sponsor, Horizon Space Acquisition II Sponsor Corp., for an additional $2 million. The Company has granted the underwriters an option to purchase up to 900,000 additional units to cover over-allotments. James Jiayuan Tong, Qian (Hebe) Xu, and Tianchen Cai joined the board as independent directors, with Tianchen Cai serving as audit committee chair and financial expert. An aggregate of $60 million from the IPO's proceeds was placed into a trust account, with restrictions on its use until specified events occur. The Company also entered into multiple agreements related to the IPO as detailed in the exhibits of the filing.
Names and Entities: - Horizon Space Acquisition II Corp. - Horizon Space Acquisition II Sponsor Corp. - James Jiayuan Tong - Qian (Hebe) Xu - Tianchen Cai - Maxim Group LLC - Vstock Transfer, LLC - Wilmington Trust, N.A.