Horizon Space Acquisition I Boosts Estimated Redemption Price to $12.725 Per Share
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Horizon Space Acquisition I has corrected its estimated per-share redemption price from $11.66 to approximately $12.725. This significant upward revision, stemming from an arithmetic error in a proxy supplement, means shareholders who choose to redeem will receive about $1.065 more per share than previously disclosed. The corrected estimate offers approximately $0.49 more per share than selling on the OTCQB at the record date price of $12.24, making redemption a more attractive option. This change is material for shareholders deciding on the MAA Amendment vote and their investment strategy, directly impacting the value they can realize.
At the time of this announcement, HSPOF was trading at $12.49 on OTC in the Finance sector, with a market capitalization of approximately $30M. The 52-week trading range was $10.97 to $29.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.