Harbour Island Acquisition Corp. I

S-1/A amended

Price $10.00 · 25,000,000 shares · Gross proceeds $250,000,000

S-1 filed

Price $10.00 · 10,000,000 shares · Gross proceeds $100,000,000

Harbour Island Acquisition Corp. I is seeking to raise $100 million (up to $115 million with over-allotment) through an IPO of units priced at $10.00 each, with proceeds placed in a trust account. The company has 24 months from the closing date to complete an initial business combination, with potential for extension via shareholder approval. If not completed, public shares will be redeemed at trust account value. No public market exists for its securities, and it intends to list units on Nasdaq under 'HRIAU' after separation of Class A shares and warrants. The company is an emerging growth company with reduced reporting requirements, and investing involves significant risks including redemption terms, conflicts of interest, and uncertainty around business combination success.

DRS filed

Harbour Island Acquisition Corp. I is conducting an initial public offering (IPO) with underwriters facilitating the sale of units at an initial public offering price. The underwriters have an over-allotment option to purchase additional units, and the company has agreed to issue representative shares as compensation. Indemnification clauses and lock-up agreements are in place for the underwriters and insiders. The offering includes detailed terms on discounts, commissions, and reimbursement, with potential market risks and uncertainties regarding listing and trading liquidity.