Horizon Space Acquisition II Corp. (NASDAQ:HSPTU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HSPTU”, Friday, November 15, 2024.
The new SPAC intends to make a broad search for a target with a strong management team and long-term revenue visibility.
Horizon Space II is led by Chief Executive Officer and Chairman Mingyu (Michael) Li and Chief Financial Officer Min (Lydia) Zhai. The Board also includes Dr. James Jiayuan Tong, Qian (Hebe) Xu and Tianchen Cai.
Total SPAC deal count for 2024 year-to-date is now 47. This offering is expected to close on Monday, November 18, 2024.
Maxim Group LLC is acting as the sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Robinson & Cole LLP serving as Underwriter’s Counsel. Marcum Asia CPAs LLP serves as auditor. Wilmington Trust, National Association is acting as trustee.
At the SPAC of Dawn One more shoe has dropped as the President-Elect Donald Trump works to staff his incoming administration and set priorities as he has appointed Cantor Fitzgerald CEO Howard Lutnick to lead the Department of Commerce. This ends speculation about where the head of 2024’s leading SPAC underwriter would land. The question...
At the SPAC of Dawn Although the drought of new SPAC transactions is approaching one full month, that hasn’t stopped the dealmaking between de-SPACs themselves. Trump Media (NASDAQ:DJT) is reportedly in advanced talks to buy crypto and digital asset marketplace and 2021 de-SPAC Bakkt (NYSE:BKKT) in an all-stock deal, according to FT. The former target...
Columbus Acquisition Corp (NASDAQ:COLAU) has filed for a $57.5 million IPO to give its team a second vehicle in circulation to hunt for deals. The same team IPO’d Eureka (NASDAQ:EURK) in July at a slightly smaller $50 million scale and this new SPAC would improve upon some of that foray’s terms. Both SPACs managed to...
At the SPAC of Dawn One week before Thanksgiving, SPACs are not filling up their plate with just five votes scheduled, all of which are extensions. Five of these are set to take place today, and investors are also set to get an update on one of the most successful de-SPACs of recent years. Industrial...
Terms Tracker for the Week Ending November 15, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The drought in De-SPAC deals continues without a single announced combination since October 23rd. That’s more than three weeks now with SPACs experiencing a dry...