Horizon Space Acquisition II, the second blank check company led by Chinese executive Michael Li, filed on Monday with the SEC to raise up to $60 million in an initial public offering.
The New York, NY-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination. At the proposed deal size, Horizon Space Acquisition II would command a market value of $79 million.
Horizon Space Acquisition II is led by CEO and Chairman Michael Li, the CEO of Horizon Capital, a private equity firm focused on renewable and AI-driven manufacturing. Li also serves as CEO of Horizon Space Acquisition I (HSPO; +13% from $10 offer price), which recently entered into a merger agreement with Chinese marketing firm Squirrel Cayman.
Horizon Space Acquisition II company was founded in 2023 and plans to list on the Nasdaq under the symbol HSPTU. Maxim Group LLC is the sole bookrunner on the deal.
