From ShenzhenSquirrel Active Media GroupShenzhen Squirrel Enlivened Media Group Co. Ltd (abbreviation”Squirrel Active Media Group”), earlier with SPAC (US Special Purpose Acquisition Company)Horizon Space Acquisition I Corp(HSPO) signed a merger agreement to list SPAC on the US Nasdaq through backdoor SPAC.
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According to the disclosed documents, SPACHorizon Space Acquisition I CorpThe merger with the target company must be completed by October 27, 2023, but the company can extend the time to complete the business merger until March 27, 2024. Each application for an extension is one month, but the SPAC sponsor or designated person must deposit a “monthly extension fee” of 70,000 US dollars into the SPAC trust account. On October 24, a “monthly extension fee” of 70,000 US dollars was deposited into the SPAC trust account, enabling SPAC to extend its initial business consolidation by one month from October 27, 2023 to November 27, 2023. According to a non-binding letter of intent, Shenzhen Squirrel Yuedong Media Group paid a monthly deferral fee.
Squirrel Active Media GroupAs a new brand strategy marketing service agency, it mainly provides refined marketing value-added services, integrating a complex service structure integrating brand strategic planning, brand positioning planning, super product planning, visual creative design, video marketing, and brand consulting to provide customers with professional, comprehensive and value-added brand upgrade services and create value for customers in all aspects.