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Horizon Space and ArcheNova finalize $2B merger

PRIVATEOct 13, 2026

Acquiring Company

Horizon Space Acquisition I

Acquired Company

ArcheNova Biotech

Cayman IslandsCayman IslandsBiotechnologyManufacturingBiotechnologyBiopharma

Description

On October 12, 2026, Horizon Space Acquisition I Corp. finalized a $2 billion merger agreement with ArcheNova Biotech Corp. This merger involves a two-step process where the two companies will become wholly-owned subsidiaries of a newly formed public entity. The transaction details include a share conversion and warrant treatments to facilitate the transition. Post-merger, the new entity's shares are expected to trade on the Nasdaq.

Company Information

Company

Horizon Space Acquisition I

Location

Cayman Islands

About

Horizon Space Acquisition I Corp. is a special purpose acquisition company (SPAC) focused on merging with innovative companies. The firm operates under SEC regulations as an emerging growth company. Its goal is to provide a faster route for businesses to become publicly listed. HSPO is primarily interested in sectors like technology and biotechnology.

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Frequently asked

Who acquired ArcheNova Biotech?

ArcheNova Biotech was acquired by Horizon Space Acquisition I, based in Cayman Islands. The deal was reported on October 13, 2026. Horizon Space Acquisition I Corp. is a special purpose acquisition company (SPAC) focused on merging with innovative companies. The firm operates under SEC regulations as an emerging growth company. Horizon Space Acquisition I is privately held and operates in Biotechnology.

When did Horizon Space Acquisition I acquire ArcheNova Biotech?

Horizon Space Acquisition I's acquisition of ArcheNova Biotech was reported on October 13, 2026. On October 12, 2026, Horizon Space Acquisition I Corp. finalized a $2 billion merger agreement with ArcheNova Biotech Corp. This merger involves a two-step process where the two companies will become wholly-owned subsidiaries of a newly formed public entity. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ArcheNova Biotech do?

ArcheNova Biotech Corp. is a clinical-stage biopharmaceutical company focused on developing innovative drugs from MSC-derived extracellular vesicles and exosomes. The company works on therapeutic programs in areas like dermatology and neurology. It is privately held, operating in Manufacturing, and is based in Cayman Islands.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.