Horizon Space Acquisition I Corp. (NASDAQ:HSPO), a $89 million market cap SPAC currently trading near its 52-week high of $11.65, has announced an amendment to its Trust Agreement and Charter, following a shareholder meeting on Monday. According to InvestingPro analysis, the company appears slightly overvalued at current levels. The company, which operates as a special purpose acquisition company (SPAC), is now allowed to extend the deadline to liquidate its trust account by up to twelve months, until December 27, 2025.
The shareholders’ decision, made during the extraordinary general meeting, permits the company to commence liquidation of the trust account by December 27, 2024. However, Horizon Space Acquisition I Corp. may opt for up…
