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Horizon Space Acquisition I Priced, Nasdaq: HSPOU

Blank check company led by a Chinese executive targeting emerging growth companies.

Industry: SPAC

Latest Trade: $10.91 +0.84 (+8.3%)

First Day Return: +0.7%

Return from IPO: +0.7%

Industry: SPAC

We are a blank check company. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location. Because of our significant ties to China, we may pursue opportunities in China. Due to the relevant PRC laws and regulations against foreign ownership of and investment in certain assets and industries, known as restricted industries, which including but not limited to, value-added telecommunications services (inclusive of internet content providers), we may have a limited pool of acquisition candidates we may acquire in China. The main ambition of our management is to create value for our shareholders though our experience by improving the operating efficiency of a target business, while implementing revenue-driven and/or profit-engagement strategies and increase profit potential through additional acquisitions. Consistent with our strategy, we have identified the following general criteria and guidelines that we believe are essential in evaluating prospective target businesses: niche deal size, long-term revenue visibility with defensible market position, and benefits from being a US public company (value creation and market opportunities).
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IPO Data
IPO File Date 11/29/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/21/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Network 1 Financial Securities
Maxim Group LLC
Company Data
Headquarters New York, NY, United States
Founded 2022
Employees 1

Horizon Space Acquisition I (HSPOU) Performance