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Horizon Space Acquisition II Priced, Nasdaq: HSPTU

Second blank check company led by Chinese executive Michael Li.

Industry: SPAC

Latest Trade: $10.03 +0.01 (+0.1%)

First Day Return: -0.1%

Return from IPO: +0.2%

Industry: SPAC

We are a blank check company. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location. Because of our significant ties to China, we may pursue opportunities in China (including Hong Kong and Macau). We will seek to leverage our management team’s proprietary network of relationships with corporate executives, private equity, venture and growth capital funds, investment banking firms and consultants in order to source, acquire, and support the operations of the business combination target. Mr. Mingyu (Michael) Li, our Chief Executive Officer and Chairman of the board of directors, has accumulated extensive resources as an executive at multiple companies. Being an active player in capital markets, Mr. Li has participated in a number of private equity fundraisings. We believe that this combination of extensive relationships and expertise will make us a preferred partner for and allow us to source high-quality business combination targets. However, none of our management team is obligated to remain with the company after an acquisition transaction, and we cannot provide assurance that the resignation or retention of our current management will be a term or condition in any agreement relating to business combination. Moreover, despite the competitive advantages we believe we have, we remain subject to significant competition with respect to identifying and executing a business combination.
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IPO Data
IPO File Date 10/21/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/14/2024
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters New York, NY, United States
Founded 2023
Employees at IPO 2

Horizon Space Acquisition II (HSPTU) Performance