Horizon Space Acquisition I to Merge With ArcheNova in $2 Billion De-SPAC
Horizon Space Acquisition I signed a business combination agreement to merge with ArcheNova in a two-step transaction. The new PubCo is valued at $2.0 billion, or $10.00 per share; HSPO and ArcheNova shareholders will receive PubCo ordinary shares, and HSPO warrants will convert into PubCo warrants.
00 per share. HSPO and ArcheNova shareholders are to receive PubCo ordinary shares. HSPO warrants are to be converted into PubCo warrants.