Horizon Space Acquisition I priced its initial public offering of 6 million units at $10 per unit, with each unit consisting of one ordinary share, a warrant and one right to receive one-tenth of a share upon the completion of a business combination.
Units began trading today on the Nasdaq under the ticker symbol HSPOU. Once the securities begin separate trading, shares, warrants and rights are expected to list under the symbols HSPO, HSPOW and HSPOR, respectively.
The offering is expected to close Dec. 27.
The underwriters, Network 1 Financial Securities, have an over-allotment option to purchase up to 900,000 additional shares.
Source: Horizon Space Acquisition I Prices M IPO