Horizon Space Acquisition I Corp. Issues Correction to Estimated Redemption Price for Shareholders

Key Points:

• Horizon Space Acquisition I Corp. (“the Company”) has issued a supplement to its Definitive Proxy Statement, correcting the previously stated estimated redemption price for its public shareholders.
• The correction increases the estimated redemption price per public share from \$11.66 to \$12.725 based on the amount in the Trust Account as of the record date.
• This adjustment is significant and may impact shareholder decisions regarding redemption versus open market sales.
• The Extraordinary General Meeting will be held on April 20, 2026. The proposals include extending the deadline to complete a business combination to June 12, 2027.
• The Company is classified as an emerging growth company under SEC rules.

Details for Investors:

• On April 2, 2026, the Company filed a Definitive Proxy Statement, inviting shareholders to vote at an upcoming Extraordinary General Meeting on several proposals, including amendments to its memorandum and articles of association and to the Investment Management Trust Agreement.
• One of the key proposals is to extend the deadline by which the Company must complete a business combination, from its current date to June 12, 2027.
• The Company had previously disclosed an estimated redemption price of \$11.66 per public share for shareholders who elect to redeem their shares in connection with the proposed amendments. This price was based on the amount in the Trust Account as of the record date.
• The Company has now corrected this estimate. The actual estimated redemption price as of the Record Date is \$12.725 per public share. This correction is material and applies to all instances in the Proxy Statement where the \$11.66 figure was referenced.
• This change means that, if the market price remains at its closing price of \$12.24 (as it was on OTCQB on the Record Date), exercising redemption rights would result in a shareholder receiving \$0.49 more per share than if they sold in the open market. Previously, the Company had stated the opposite—that redemption would result in \$0.58 less per share than an open market sale.

Potential Impact on Share Price:

• The correction to the redemption price is potentially price-sensitive. It increases the benefit to shareholders who choose redemption, and may shift investor sentiment or behavior regarding the Company’s shares.
• Shareholders deciding between redemption and selling in the open market now have a higher incentive to redeem, as the redemption price is above the recent market price.
• The proposals put forth at the Extraordinary Meeting, including the extension of the business combination deadline and the Trust Agreement amendment, are conditional on shareholder approval and may impact the Company’s strategic direction and timeline.
• There are no changes to the location, record date, or other proposals for the Extraordinary Meeting.

Important Shareholder Information:

• Shareholders are urged to read the Definitive Proxy Statement and any amendments or supplements in their entirety, as they contain important information regarding the proposals and the redemption process.
• Free copies of the Proxy Statement and related documents can be obtained from the SEC’s website (www.sec.gov) or by contacting the Company’s proxy solicitor, Advantage Proxy, Inc. (Attn: Karen Smith, [email protected], Toll Free: (877) 870-8565, Collect: (206) 870-8565).
• The Company and its directors and officers may be considered participants in the proxy solicitation. Additional information about their interests is included in the Proxy Statement.

Forward-Looking Statements:

• This report contains forward-looking statements regarding the Extraordinary General Meeting, proposed amendments, and estimated redemption price. Actual outcomes may differ due to risks and uncertainties.

Disclaimer:

This article is for informational purposes only and does not constitute investment advice. Investors should review all official filings and consult with their financial advisors prior to making any investment decisions. The information is based on public filings and may be subject to change. Horizon Space Acquisition I Corp. and its representatives do not assume any obligation to update or revise forward-looking statements as a result of new information or future events.

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