Horizon Space Acquisition II, the second blank check company led by Chinese executive Michael Li, raised $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.
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 has a pending merger agreement with Chinese marketing firm Squirrel Cayman.
Horizon Space Acquisition II plans to list on the Nasdaq under the symbol HSPTU. Maxim Group LLC acted as sole bookrunner on the deal.
