Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU) Trading Up 1% – Here’s Why

Horizon Space Acquisition II Corp. Units (NASDAQ:HSPTU) shares shot up 1% during trading on Friday . The company traded as high as $10.05 and last traded at $9.81. 2 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 2,183 shares. The stock had previously closed at $9.71.

Horizon Space Acquisition II Corp. Units Trading Up 1.0%

The business has a 50-day moving average of $10.52 and a two-hundred day moving average of $10.52.

Horizon Space Acquisition II Corp. Units Company Profile

Horizon Space Acquisition II Corp. Units (NASDAQ: HSPTU) is a Delaware-incorporated special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in 2021, issuing units at an offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of a warrant to purchase an additional share.

As a blank check company, Horizon Space Acquisition II does not have substantive operations or revenues of its own.