a China-based blank check company , raises $60 million in its US IPO

 Horizon Space Acquisition I is a blank check company based in New York, New York that raised $60 million through an initial public offering (IPO).

 The company offered 6.0 million units at $10 each, which consist of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one warrant exercisable at $11.50.

Horizon Space Acquisition I is led by CEO, CFO, and Chairman Mingyu (Michael) Li, who is also the CEO of Horizon Capital, a private equity firm focused on renewable and AI-driven manufacturing.

 Li is also a director of Lakeshore Acquisition II (LBBB) and the CEO of consulting firm Horizon Holdings and Shenzhen Hetai Mingde Capital Management.

 While the company has not specified a target industry or geography, it plans to focus on emerging growth companies with long-term revenue visibility and defensible market positions that stand to benefit from being a US-listed public company. The company may also pursue opportunities in China.

 Horizon Space Acquisition I plans to list on the Nasdaq under the symbol HSPOU, and Network 1 Financial Securities acted as the sole bookrunner for the deal.

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