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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

~~x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

For the quarterly period ended March 31, 2021


☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2021

~~¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

For the transition period from to________________


☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~HORIZON ACQUISITION CORP. (Exact name of registrant as specified in its charter)~~

For the transition period from to

HORIZON ACQUISITION CORP.

(Exact name of registrant as specified in its charter)


Cayman Islands	001-39465	98-1524224
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

~~600 Steamboat Road, Suite 200 Greenwich, CT (Address Of Principal Executive Offices) 06830 (Zip Code)~~


600 Steamboat Road, Suite 200
Greenwich, CT	06830
(Address Of Principal Executive Offices)	(Zip Code)

(203) 298-5300

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class:	Trading Symbol:	Name of Each Exchange on Which Registered:
Class A ordinary shares included as part of the units	HZAC	The New York Stock Exchange
Warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50	HZAC WS	The New York Stock Exchange
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-third of one redeemable warrant	HZAC.U	The New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ¨ No x

Title of Each Class:	Trading Symbol:	Name of Each Exchange on Which Registered:
Class A ordinary shares included as part of the units	HZAC	The New York Stock Exchange
Warrants included as part of the units, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50	HZAC WS	The New York Stock Exchange
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-third of one redeemable warrant	HZAC.U	The New York Stock Exchange

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

~~Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer x Smaller reporting company x Emerging growth company x~~

IfLarge anaccelerated ~~emerging~~filer ~~growth company,~~☐ ~~indicate~~Accelerated byfiler ~~check~~☐ ~~mark~~Non-accelerated iffiler ~~the~~☒ ~~registrant~~Smaller ~~has~~reporting ~~elected~~company ~~not~~☒ toEmerging ~~use~~growth ~~the~~company ~~extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨~~☒

~~Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No ¨~~

AsIf ofan ~~May~~emerging ~~24,~~growth ~~2021~~company, ~~54,398,433~~indicate ~~Class A ordinary~~by ~~shares,~~check ~~par~~mark ~~value~~if ~~$0.0001~~the ~~per~~registrant ~~share,~~has ~~and~~elected ~~13,599,608~~not ~~Class B~~to ~~ordinary~~use ~~shares,~~the ~~par~~extended ~~value~~transition ~~$0.0001~~period ~~per~~for ~~share,~~complying ~~were~~with ~~issued and~~any ~~outstanding,~~new ~~respectively~~or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

~~HORIZON ACQUISITION CORPORATION~~

~~Form~~Indicate by check mark whether the registrant is a shell company (as defined in Rule 1012b-Q2 of the Exchange Act). Yes ☒ No ☐

~~For the three months ended March 31, 2021~~

As of August 6, 2021, 54,398,433 Class A ordinary shares, par value $0.0001 per share, and 13,599,608 Class B ordinary shares, par value $0.0001 per share, were issued and outstanding, respectively.

Table of Contents

		Page
PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	1
	Condensed Balance Sheets as of March 31, 2021 (Unaudited) and December 31, 2020	1
	Unaudited Condensed Statement of Operations for the three months ended March 31, 2021	2
	Unaudited Condensed Statement of Changes in Shareholders’ Equity for the three months ended March 31, 2021	3
	Unaudited Condensed Statement of Cash Flows for the three months ended March 31, 2021	4
	Notes to Unaudited Condensed Financial Statements	5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	20
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	26
Item 4.	Controls and Procedures	26
PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	27
Item 1A.	Risk Factors	27
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities	27
Item 3.	Defaults Upon Senior Securities	27
Item 4.	Mine Safety Disclosures	27
Item 5.	Other Information	27
Item 6.	Exhibits	27

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements (Unaudited)

HORIZON ACQUISITION CORPORATION

~~CONDENSED~~Quarterly ~~BALANCE~~Report ~~SHEETS~~Form 10-Q

~~MARCH 31,~~Table ~~2021~~of ~~AND DECEMBER 31, 2020~~Contents

	March 31, 2021			December 31, 2020
Assets	(unaudited)
Current assets:
Cash	$	798,715		$	941,474
Prepaid expenses		277,285			333,528
Total current assets		1,076,000			1,275,002
Investments held in Trust Account		544,010,831			544,002,795
Total Assets	$	545,086,831		$	545,277,797
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	22,850		$	103,824
Accrued expenses		1,185,119			340,625
Total current liabilities		1,207,969			444,449
Derivative warrant liabilities		27,117,860			35,746,280
Deferred underwriting commissions		13,614,452			13,614,452
Total liabilities		41,940,281			49,805,181
Commitments and Contingencies (Note 6)
Class A ordinary shares; 49,814,654 and 49,047,261 shares subject to possible redemption at $10.00 per share as of March 31, 2021 and December 31, 2020, respectively		498,146,540			490,472,610
Shareholders' Equity:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding		-			-
Class A ordinary shares, $0.0001 par value; 400,000,000 shares authorized; 4,583,779 and 5,351,172 shares issued and outstanding (excluding 49,814,654 and 49,047,261 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively		458			535
Class B ordinary shares, $0.0001 par value; 40,000,000 shares authorized; 13,599,608 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively		1,360			1,360
Additional paid-in capital		14,940,305			22,614,159
Accumulated deficit		(9,942,113	)		(17,616,048	)
Total Shareholders' equity		5,000,010			5,000,006
Total Liabilities and Shareholders' Equity	$	545,086,831		$	545,277,797

The accompanying notes are an integral part of these unaudited condensed financial statements.


		Page
PART I. FINANCIAL INFORMATION
Item 1.	Condensed Financial Statements	1
	Condensed Balance Sheets as of June 30, 2021 (unaudited) and December 31, 2020	1
	Unaudited Condensed Statements of Operations for the Three and Six Months Ended June 30, 2021	2
	Unaudited Condensed Statements of Changes in Shareholders’ Equity for the Three and Six Months Ended June 30, 2021	3
	Unaudited Condensed Statement of Cash Flows for the Six Months Ended June 30, 2021	4
	Notes to Unaudited Condensed Financial Statements	5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	21
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	27
Item 4.	Controls and Procedures	27
PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	28
Item 1A.	Risk Factors	28
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities	28
Item 3.	Defaults Upon Senior Securities	28
Item 4.	Mine Safety Disclosures	28
Item 5.	Other Information	28
Item 6.	Exhibits	29

~~HORIZON ACQUISITION CORPORATION~~

~~UNAUDITED CONDENSED STATEMENT OF OPERATIONS~~

General and administrative expenses	$	962,762
Loss from operations		(962,762	)
Other income
Change in fair value of derivative warrant liabilities		8,628,420
Interest earned from interest-bearing cash account		240
Net gain on investments held in Trust Account		8,037
Net income	$	7,673,935
Basic and diluted weighted average shares outstanding of Class A ordinary shares		54,398,433
Basic and diluted net income per share, Class A ordinary shares	$	0.00
Basic and diluted weighted average shares outstanding of Class B ordinary shares		13,599,608
Basic and diluted net income per share, Class B ordinary shares	$	0.56

The accompanying notes are an integral part of these unaudited condensed financial statements.

~~HORIZON~~Table ~~ACQUISITION~~of ~~CORPORATION~~Contents

~~UNAUDITED CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY~~

	Ordinary Shares																Total
	Class A						Class B				Additional Paid-			Accumulated			Shareholders'
		Shares			Amount			Shares		Amount	in Capital			Deficit			Equity
Balance - December 31, 2020		5,351,172		$	535			13,599,608	$	1,360	$	22,614,159		$	(17,616,048	)	$	5,000,006
Change in Class A ordinary shares subject to possible redemption		(767,393	)		(77	)		-		-		(7,673,854	)		-			(7,673,931	)
Net income		-			-			-		-		-			7,673,935			7,673,935
Balance - March 31, 2021 (unaudited)		4,583,779		$	458			13,599,608	$	1,360	$	14,940,305		$	(9,942,113	)	$	5,000,010

~~The~~PART I. ~~accompanying~~FINANCIAL ~~notes are an integral part of these unaudited condensed financial statements.~~INFORMATION

3Item 1. Financial Statements (Unaudited)

~~HORIZON ACQUISITION CORPORATION~~

~~UNAUDITED~~HORIZON ~~CONDENSED~~ACQUISITION ~~STATEMENT OF CASH FLOWS~~CORPORATION

~~FOR~~CONDENSED ~~THE~~BALANCE ~~THREE MONTHS ENDED MARCH 31, 2021~~SHEETS

Cash Flows from Operating Activities:
Net income		7,673,935
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of derivative warrant liabilities		(8,628,420	)
Net (gain) loss on investments held in Trust Account		(8,037	)
Changes in operating assets and liabilities:
Accounts payable		(80,974	)
Prepaid expenses		56,243
Accrued expenses		844,494
Net cash used in operating activities		(142,759	)
Net decrease in cash		(142,759	)
Cash - beginning of the period		941,474
Cash - end of the period	$	798,715
Supplemental disclosure of noncash investing and financing activities:
Change in value of Class A ordinary shares subject to possible redemption	$	7,673,930

The accompanying notes are an integral part of these unaudited condensed financial statements.


	June 30, 2021		December 31, 2020
	(unaudited)
Assets
Current assets:
Cash	$	18,059,772	$	941,474
Prepaid expenses		289,160		333,528
Total current assets		18,348,932		1,275,002
Investments held in Trust Account		544,019,046		544,002,795
Total Assets	$	562,367,978	$	545,277,797

Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	36,207	$	103,824
Accrued expenses		2,223,446		340,625
Total current liabilities		2,259,653		444,449
Derivative warrant liabilities		43,881,630		35,746,280
Deferred underwriting commissions		13,614,452		13,614,452
Total liabilities		59,755,735		49,805,181

Commitments and Contingencies (Note 6)
Class A ordinary shares; 49,761,224 and 49,047,261 shares subject to possible redemption at $10.00 per share at June 30, 2021 and December 31, 2020, respectively		497,612,240		490,472,610

Shareholders' Equity:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding		—		—
Class A ordinary shares, $0.0001 par value; 400,000,000 shares authorized; 4,637,209 and 5,351,172 shares issued and outstanding (excluding 49,761,224 and 49,047,261 shares subject to possible redemption) at June 30, 2021 and December 31, 2020, respectively		464		535
Class B ordinary shares, $0.0001 par value; 40,000,000 shares authorized; 13,599,608 shares issued and outstanding		1,360		1,360
Additional paid-in capital		15,474,600		22,614,159
Accumulated deficit		(10,476,421)		(17,616,048)
Total shareholders' equity		5,000,003		5,000,006
Total Liabilities and Shareholders' Equity	$	562,367,978	$	545,277,797

~~HORIZON~~The ~~ACQUISITION~~accompanying ~~CORPORATION~~notes are an integral part of these unaudited condensed financial statements.

~~NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS~~

~~Note 1 — Description of Organization, Business Operations and Basis of Presentation~~

~~Organization and General~~1

~~Horizon~~Table Acquisition Corporation (the “Company”), formerly known as EAC Holdings Inc., is a blank check company incorporated in the Cayman Islands on June 12, 2020. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses that the Company has not yet identified (“initial Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus in the financial, technology and business services sectors. The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012 (the “JOBS Act”).Contents

As of March 31, 2021, the Company had not yet commenced operations. All activity for the period from June 12, 2020 (inception) through March 31, 2021 relates to the Company’s formation and the initial public offering (the “Initial Public Offering”) described below. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.

~~Sponsor~~HORIZON ~~and~~ACQUISITION ~~Initial Public Offering~~CORPORATION

~~The~~UNAUDITED ~~Company’s~~CONDENSED ~~sponsor~~STATEMENTS isOF Horizon Sponsor, LLC, a Delaware limited liability company (“Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on August 20, 2020. On August 25, 2020, the Company consummated its Initial Public Offering of 50,000,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $500.0 million, and incurring offering costs of approximately $19.6 million, inclusive of approximately $12.1 million in deferred underwriting commissions (Note 6). On August 26, 2020, the Company issued an additional 4,398,433 Units at the Initial Public Offering price at $10.00 per Unit pursuant to the exercise by the underwriters of a portion of their over-allotment option, generating additional gross proceeds of approximately $44.0 million, and incurring additional offering costs of approximately $2.4 million, inclusive of an additional of approximately $1.5 million in deferred underwriting commissions.OPERATIONS

Simultaneously, with the consummation of the Initial Public Offering, the Company consummated the private placement (the “Private Placement”) of 5,933,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, generating total proceeds of $8.9 million (Note 4). In connection with the exercise by the underwriters of the over-allotment option, the Sponsor purchased an additional 586,458 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, generating additional total proceeds of approximately $0.9 million.

Trust Account


	For the Three Months Ended		For the Six Months Ended
	June 30, 2021		June 30, 2021

General and administrative expenses	$	1,279,057	$	2,241,819
Loss from operations		(1,279,057)		(2,241,819)
Other income (expense)
Other income		25,000,000		25,000,000
Change in fair value of derivative warrant liabilities		(16,763,770)		(8,135,350)
Interest income		304		545
Net gain from investments held in Trust Account		8,215		16,251
Income before provision for income taxes		6,965,692		14,639,627
Provision for income taxes		7,500,000		7,500,000
Net income (loss)	$	(534,308)	$	7,139,627

Basic and diluted weighted average shares outstanding of Class A ordinary shares		54,398,433		54,398,433
Basic and diluted net income per share, Class A ordinary shares	$	0.32	$	0.32
Basic and diluted weighted average shares outstanding of Class B ordinary shares		13,599,608		13,599,608
Basic and diluted net income (loss) per share, Class B ordinary shares	$	(1.33)	$	(0.76)

Upon the closing of the Initial Public Offering and the Private Placement on August 25, 2020, approximately $500.0 million ($10.00 per Unit) of the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement was placed in a trust account (“Trust Account”), with Continental Stock Transfer & Trust Company acting as trustee. On August 26, 2020, an additional amount of approximately $44.0 million, for a total of approximately $544.0 million was deposited to the Trust Account. The proceeds in the Trust Account are invested in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the Trust Account as described below.

5The accompanying notes are an integral part of these unaudited condensed financial statements.

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS~~

~~Initial Business Combination~~2

~~The~~Table ~~Company’s management has broad discretion with respect to the specific application~~ of the net proceeds of its Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The Company’s initial Business Combination must be with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time the Company signs a definitive agreement in connection with the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target business or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended, or the Investment Company Act.Contents

The Company will provide the holders of the Public Shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a general meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated to be $10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations). The per-share amount to be distributed to Public Shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). These Public Shares have been recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and a majority of the shares voted are voted in favor of the Business Combination. If a shareholder vote is not required by applicable law or stock exchange listing requirements and the Company does not decide to hold a shareholder vote for business or other reasons, the Company will, pursuant to the amended and restated memorandum and articles of association which was adopted by the Company upon the consummation of the Initial Public Offering (the “Amended and Restated Memorandum and Articles of Association”), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (the “SEC”), and file tender offer documents with the SEC prior to completing a Business Combination. If, however, a shareholder approval of the transaction is required by applicable law or stock exchange listing requirements, or the Company decides to obtain shareholder approval for business or other reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. Additionally, each Public Shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction or whether they were a Public Shareholder on the record date for the general meeting held to approve the proposed transaction. If the Company seeks shareholder approval in connection with a Business Combination, the holders of the founder shares prior to this Initial Public Offering (the “Initial Shareholders”) have agreed to vote their founder shares (as defined in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the Initial Shareholders have agreed to waive their redemption rights with respect to their founder shares and Public Shares in connection with the completion of a Business Combination. In addition, the Company has agreed not to enter into a definitive agreement regarding an initial Business Combination without the prior consent of the Sponsor.

~~Notwithstanding~~HORIZON ~~the~~ACQUISITION foregoing, the Company’s Amended and Restated Memorandum and Articles of Association provides that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the Class A ordinary shares sold in the Initial Public Offering, without the prior consent of the Company.CORPORATION

~~The Company’s Sponsor, officers and directors have agreed not to propose an amendment to the Company’s Amended and Restated Memorandum and Articles of Association to either (i)~~UNAUDITED toCONDENSED ~~modify~~STATEMENTS ~~the~~OF ~~substance~~CHANGES orIN ~~timing of the Company~~SHAREHOLDERS’s obligation to allow the redemption of its Public Shares in connection with a Business Combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination within 24 months from the closing of the Initial Public Offering or (ii) with respect to any other provisions relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the Public Shareholders with the opportunity to redeem their Class A ordinary shares in conjunction with any such amendment.EQUITY

6FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2021

~~HORIZON ACQUISITION CORPORATION~~

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS


	Ordinary Shares										Total
	Class A			Class B			Additional Paid-		Accumulated		Shareholders'
	Shares	Amount		Shares	Amount		in Capital		Deficit		Equity
Balance - December 31, 2020	5,351,172	$	535	13,599,608	$	1,360	$	22,614,159	$	(17,616,048)	$	5,000,006
Change in Class A ordinary shares subject to possible redemption	(767,393)		(77)	—		—		(7,673,854)		—		(7,673,931)
Net income	—		—	—		—		—		7,673,935		7,673,935
Balance - March 31, 2021 (unaudited)	4,583,779	$	458	13,599,608	$	1,360	$	14,940,305	$	(9,942,113)	$	5,000,010
Change in Class A ordinary shares subject to possible redemption	53,430		6	—		—		534,295		—		534,301
Net loss	—		—	—		—		—		(534,308)		(534,308)
Balance - June 30, 2021 (unaudited)	4,637,209	$	464	13,599,608	$	1,360	$	15,474,600	$	(10,476,421)	$	5,000,003

If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering, or August 25, 2022 (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the board of directors, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law.

In connection with the redemption of 100% of the Company’s outstanding Public Shares for a portion of the funds held in the Trust Account, each holder will receive a full pro rata portion of the amount then in the Trust Account, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay the Company’s taxes payable (less taxes payable and up to $100,000 of interest to pay dissolution expenses). The ~~Initial~~accompanying ~~Shareholders~~notes ~~have~~are agreed to waive their liquidation rights with respect to the founder shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Initial Shareholders should acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Company’s Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution in the Trust Account will be less than the $10.00 per share initially held in the Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per public share and (ii) the actual amount per public share held in the trust account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an ~~executed~~integral ~~waiver~~part ~~is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent~~ of ~~any~~these ~~liability~~unaudited ~~for~~condensed ~~such~~financial ~~third-party claims~~statements. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have vendors, service providers (except the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. There can be no guarantee that the Company will be successful in obtaining such waivers from its targeted vendors and service providers.

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS~~3

~~Basis~~Table of ~~presentation~~Contents

The accompanying unaudited condensed financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021, or any future period.

~~The~~HORIZON ~~accompanying~~ACQUISITION unaudited condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Form 10-K, as amended, filed by the Company with the SEC on May 7, 2021.CORPORATION

~~Emerging~~UNAUDITED ~~growth~~CONDENSED ~~company~~STATEMENT OF CASH FLOWS

~~The~~FOR ~~Company~~THE isSIX anMONTHS ~~“emerging~~ENDED ~~growth~~JUNE ~~company~~30,~~” as~~ defined in Section 2(a) of the Securities Act, as modified by the JOBS Act, and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.2021

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised, and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with other public companies difficult or impossible because of the potential differences in accounting standards used.

Liquidity and Capital Resources


Cash Flows from Operating Activities:
Net income	$	7,139,627
Adjustments to reconcile net income to net cash used in operating activities:
Change in fair value of derivative warrant liabilities		8,135,350
Net (gain) loss on investments held in Trust Account		(16,251)
Changes in operating assets and liabilities:
Accounts payable		(67,617)
Prepaid expenses		44,368
Accrued expenses		1,882,821
Net cash provided by operating activities		17,118,298

Net increase in cash		17,118,298

Cash - beginning of the period		941,474
Cash - end of the period	$	18,059,772

Supplemental disclosure of noncash financing activities:
Change in value of Class A ordinary shares subject to possible redemption	$	7,139,630

~~As of March 31, 2021, the Company had approximately $799,000 outside of the Trust Account.~~

The ~~Company’s~~accompanying ~~liquidity~~notes needs up to March 31, 2021 have been satisfied through (i) the payment of $25,000 from the Sponsor to cover certain expenses on behalf of the Company in exchange for the issuance of the founder shares, (ii) a loan of approximately $185,000 from the Sponsor (see Note 5), and (iii) the proceeds from the consummation of the Private Placement, the proceeds of which are not held in the Trust Account. The Company fully repaid the loan from the Sponsor on August 28, 2020. In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an ~~affiliate~~integral ofpart ~~the Sponsor, or certain~~ of ~~the~~these ~~Company’s~~unaudited ~~officers~~condensed ~~and~~financial ~~directors may, but are not obligated to, provide the Company Working Capital Loans (see Note 5)~~statements. ~~As of March 31, 2021 and December 31, 2020, there were no amounts outstanding under any Working Capital Loan.~~

Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity from the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors to meet its needs through the earlier of the consummation of an Initial Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial business combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Initial Business Combination.

~~HORIZON ACQUISITION CORPORATION~~4

~~NOTES~~Table TOof ~~UNAUDITED CONDENSED FINANCIAL STATEMENTS~~Contents

~~Note~~HORIZON 2ACQUISITION ~~— Summary of Significant Accounting Policies~~CORPORATION

~~Use~~NOTES ofTO ~~Estimates~~UNAUDITED CONDENSED FINANCIAL STATEMENTS

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liability.

~~Making~~Note ~~estimates~~1 ~~requires management~~- toDescription ~~exercise significant judgment. It is at least reasonably possible that the estimate~~ of ~~the effect of a condition~~Organization, ~~situation or~~Business ~~set~~Operations ofand ~~circumstances~~Basis ~~that existed at the date~~ of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.Presentation

~~Cash and Cash Equivalents~~

~~The~~Organization ~~Company~~and ~~considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents at March 31, 2021 or December 31, 2020.~~General

~~Concentration of Credit Risk~~

~~Financial~~Horizon ~~instruments~~Acquisition ~~that~~Corporation ~~potentially subject~~ (the “Company”), toformerly ~~concentration~~known ofas ~~credit~~EAC ~~risk~~Holdings Inc., ~~consist~~is ofa ~~cash~~blank ~~accounts~~check company incorporated in athe ~~financial~~Cayman ~~institution~~Islands ~~which~~on June 12, at2020. ~~times,~~The ~~may~~Company ~~exceed~~was ~~the~~incorporated ~~federal depository~~for ~~insurance~~the ~~coverage~~purpose of ~~$250~~effecting a merger,~~000~~ share exchange, ~~and~~asset ~~investments~~acquisition, ~~held~~share inpurchase, ~~Trust~~reorganization ~~Account.~~or ~~The~~similar business combination with one or more businesses that the Company has not ~~experienced~~yet ~~losses~~identified on(“initial ~~these~~Business ~~accounts and~~Combination”). ~~management~~Although ~~believes~~ the Company is not ~~exposed~~limited to ~~significant~~a ~~risks~~particular onindustry ~~such~~or ~~accounts.~~geographic ~~The~~region for purposes of consummating a Business Combination, the Company’s ~~investments~~intends ~~held~~to focus in the ~~Trust~~ ~~Account~~financial, astechnology ofand ~~December~~business services sectors. ~~31,~~The ~~2020~~Company is ~~comprised~~an of“emerging ~~investments~~growth incompany,” ~~U.S.~~as ~~Treasury~~defined ~~securities~~in ~~with~~Section 2(a) of anthe ~~original~~Securities ~~maturity~~Act of ~~185~~1933, ~~days or~~as ~~less~~amended or(the ~~investments~~“Securities inAct”), aas ~~money~~modified ~~market~~by ~~funds~~the ~~that~~Jumpstart ~~comprise~~our ~~only~~Business ~~U.S.~~Startups ~~treasury~~Act ~~securities~~of ~~money~~2012 ~~market~~(the ~~funds~~“JOBS Act”).

~~Investments Held in the Trust Account~~

~~The~~As ~~Company’s portfolio~~ of ~~investments held~~June in30, 2021, the ~~Trust~~Company ~~Account~~had isnot ~~comprised~~yet ofcommenced Uoperations.S. ~~government~~All ~~securities,~~activity ~~within~~for the ~~meaning~~period ~~set~~from ~~forth~~June in12, ~~Section 2~~2020 (ainception)~~(16)~~ ofthrough June 30, 2021 relates to the ~~Investment~~ Company’s ~~Act~~formation, ~~with~~the ainitial ~~maturity~~public ofoffering ~~185~~and ~~days~~search orfor ~~less,~~a orprospective ~~investments~~initial inbusiness ~~money~~combination ~~market~~(the ~~funds~~“Initial ~~that~~Public ~~invest~~Offering”) indescribed Ubelow.S. ~~government~~The ~~securities~~activity from June 12, ~~or a~~2020 ~~combination~~(inception) ~~thereof.~~through ~~The~~June ~~Company’s~~30, ~~investments~~2020 ~~held~~only inconsisted ~~the~~of ~~Trust~~approximately ~~Account~~$17,000 ~~are~~of ~~classified~~general asand ~~trading~~administrative ~~securities~~expenses. ~~Trading~~The ~~securities are~~Company ~~presented~~will onnot ~~the~~generate ~~balance~~any ~~sheets~~operating atrevenues ~~fair~~until ~~value~~after at the ~~end~~completion of ~~each~~its ~~reporting~~initial ~~period.~~Business ~~Gains~~Combination, ~~and~~at ~~losses resulting from~~ the ~~change~~earliest. ~~in fair~~The ~~value~~Company ofgenerates ~~these~~non-operating ~~securities~~income isin ~~included~~the inform ~~net~~of ~~gain~~investment income on its investments held in ~~Trust~~the ~~Account~~trust inaccount from the ~~accompanying~~proceeds ~~statement~~ of ~~operations. The~~its ~~estimated~~Initial ~~fair~~Public ~~values~~Offering. ofThe ~~investments~~Company ~~held~~has inselected ~~the~~December ~~Trust~~31 ~~Account~~as ~~are~~its ~~determined~~fiscal ~~using~~year ~~available market information~~end.

~~Fair Value of Financial Instruments~~

~~The~~Sponsor ~~fair value of the Company’s assets~~ and ~~liabilities,~~Initial ~~which~~Public ~~qualify as financial instruments under the ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet.~~Offering

~~HORIZON~~The ~~ACQUISITION~~Company’s ~~CORPORATION~~sponsor is Horizon Sponsor, LLC, a Delaware limited liability company (“Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on August 20, 2020. On August 25, 2020, the Company consummated its Initial Public Offering of 50,000,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $500.0 million, and incurring offering costs of approximately $19.6 million, inclusive of approximately $12.1 million in deferred underwriting commissions (Note 6). On August 26, 2020, the Company issued an additional 4,398,433 Units at the Initial Public Offering price at $10.00 per Unit pursuant to the exercise by the underwriters of a portion of their over-allotment option, generating additional gross proceeds of approximately $44.0 million, and incurring additional offering costs of approximately $2.4 million, inclusive of an additional of approximately $1.5 million in deferred underwriting commissions.

~~NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS~~

~~Fair~~Simultaneously, ~~Value~~with ~~Measurements~~the consummation of the Initial Public Offering, the Company consummated the private placement (the “Private Placement”) of 5,933,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, generating total proceeds of $8.9 million (Note 4). In connection with the exercise by the underwriters of the over-allotment option, the Sponsor purchased an additional 586,458 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, generating additional total proceeds of approximately $0.9 million.

Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

•Trust ~~Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;~~Account

• Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

•Upon ~~Level~~the 3closing of the Initial Public Offering and the Private Placement on August 25, ~~defined~~2020, asapproximately ~~unobservable~~$500.0 ~~inputs~~million in($10.00 ~~which~~per ~~little~~Unit) orof nothe ~~market~~net ~~data~~proceeds ~~exists~~of the Initial Public Offering and certain of the proceeds of the Private Placement was placed in a trust account (“Trust Account”), ~~therefore~~with ~~requiring~~Continental Stock Transfer & Trust Company acting as trustee. On August 26, 2020, an ~~entity~~additional toamount ~~develop~~of ~~its~~approximately ~~own~~$44.0 ~~assumptions~~million, ~~such~~for asa ~~valuations~~total ~~derived~~of ~~from~~approximately ~~valuation~~$544.0 ~~techniques~~million was deposited to the Trust Account. The proceeds in ~~which~~the ~~one~~Trust orAccount ~~more~~are ~~significant~~invested ~~inputs~~in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act having a maturity of 185 days or ~~significant~~less ~~value~~or ~~drivers~~in ~~are~~money ~~unobservable~~market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the Trust Account as described below.

In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.

As of March 31, 2021 and December 31, 2020, the carrying values of cash, accounts payable and accrued expenses approximate their fair values due to the short-term nature of the instruments. The Company’s marketable securities held in Trust Account is comprised of investments in U.S. Treasury securities with an original maturity of 185 days or less and are recognized at fair value. The fair value of marketable securities held in Trust Account is determined using quoted prices in active markets.5

~~The~~Table ~~fair value~~ of warrants issued in connection with the Initial Public Offering, exercise of the over-allotment option and Private Placement were initially and subsequently measured at fair value using a Monte Carlo simulation model. Beginning as of December 31, 2020, the fair value of Public Warrants have been measured based on the listed market price of such the Public Warrants. The Private Placement Warrants continue to be measured at fair value using a Monte Carlo simulation model through March 31, 2021.Contents

~~Derivative~~HORIZON ~~Warrant~~ACQUISITION ~~Liabilities~~CORPORATION

~~The Company~~NOTES ~~does~~TO ~~not~~UNAUDITED ~~use~~CONDENSED ~~derivative~~FINANCIAL instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815-15. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.STATEMENTS

The 18,132,811 issued in connection with the Initial Public Offering (the “Public Warrants”) and the 6,519,791 Private Placement Warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations.

10Initial Business Combination

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES~~The TOCompany’s ~~UNAUDITED~~management ~~CONDENSED~~has ~~FINANCIAL~~broad ~~STATEMENTS~~discretion with respect to the specific application of the net proceeds of its Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The Company’s initial Business Combination must be with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time the Company signs a definitive agreement in connection with the initial Business Combination.

~~Offering costs associated with Initial Public Offering~~

~~Offering costs consist of legal~~However, ~~accounting,~~ ~~underwriting fees and other costs incurred through~~ the ~~balance~~Company ~~sheet~~will ~~date~~only ~~that~~complete ~~are~~a ~~directly~~Business ~~related~~Combination toif the ~~Initial~~post-transaction ~~Public Offering.~~company ~~Offering~~owns ~~costs~~or ~~are~~acquires ~~allocated~~50% toor ~~the~~more ~~separable~~of ~~financial~~the ~~instruments~~outstanding ~~issued~~voting insecurities of the ~~Initial~~target ~~Public~~business ~~Offering~~or ~~based~~otherwise onacquires a ~~relative fair~~controlling ~~value~~interest ~~basis,~~in ~~compared~~the totarget ~~total~~business ~~proceeds~~sufficient ~~received.~~for ~~Offering~~it ~~costs~~not ~~associated~~to ~~with~~be ~~warrant~~required ~~liabilities~~to ~~are~~register ~~expensed~~ as ~~incurred~~an ~~and presented~~investment ascompany ~~non-operating~~under ~~expenses in~~ the ~~statement~~Investment ofCompany ~~operations.~~Act ~~Offering costs associated with the Public Shares were charged to shareholders’ equity. Of the total offering costs~~ of ~~the Initial Public Offering~~1940, ~~approximately $0.6 million was expensed~~ as ~~incurred and~~amended, ~~$21.5~~or ~~million~~the isInvestment ~~included~~Company ~~in stockholders’ equity~~Act.

~~Class A Ordinary Shares Subject to Possible Redemption~~

The Company ~~accounts~~will ~~for~~provide ~~its~~the ~~Class A~~holders ~~ordinary shares~~of ~~subject~~the toPublic ~~possible~~Shares ~~redemption~~(the in“Public ~~accordance~~Shareholders”) with the ~~guidance~~opportunity into ~~ASC~~redeem ~~Topic~~all ~~480~~or ~~“Distinguishing~~a ~~Liabilities~~portion ~~from~~of ~~Equity.” Class~~their Public Shares upon the completion of a Business Combination either (i) Ain ~~ordinary~~connection ~~shares~~with ~~subject~~a general meeting called to ~~mandatory~~approve ~~redemption~~the ~~(if~~Business ~~any~~Combination or (ii) by ~~are~~means ~~classified~~of a tender offer. The decision as ~~liability~~to ~~instruments~~whether ~~and~~the ~~are~~Company ~~measured~~will atseek ~~fair value~~shareholder approval of a Business Combination or conduct a tender offer will be made by the Company. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of ~~conditionally~~the ~~redeemable~~amount ~~Class A~~then ~~ordinary~~in ~~shares~~the Trust Account (~~including~~initially ~~Class A~~anticipated ~~ordinary~~to ~~shares~~be ~~that~~$10.00 ~~feature~~per ~~redemption rights~~share, ~~that~~plus ~~are~~any ~~either~~pro rata ~~within~~interest earned on the ~~control~~funds ofheld in the ~~holder~~Trust orAccount ~~subject~~and tonot ~~redemption~~previously ~~upon~~released to the ~~occurrence~~Company ofto ~~uncertain~~pay ~~events~~its tax obligations). The per-share amount to be distributed to Public Shareholders who redeem their Public Shares will not ~~solely~~be ~~within~~ reduced by the deferred underwriting commissions the Company’s ~~control~~will pay to the underwriters (as discussed in Note 6). ~~are~~These Public Shares have been recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” AtIn ~~all~~such ~~other~~case, ~~times~~the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 ~~Class A~~upon ~~ordinary~~such consummation of a Business Combination and a majority of the shares voted are ~~classified~~voted asin ~~shareholders’ equity~~favor of the Business Combination. ~~The~~If a shareholder vote is not required by applicable law or stock exchange listing requirements and the Company’s ~~Class A~~does ~~ordinary~~not ~~shares~~decide ~~feature~~to ~~certain~~hold ~~redemption~~a ~~rights~~shareholder ~~that~~vote ~~are~~for ~~considered~~business or other reasons, the Company will, pursuant to bethe ~~outside~~amended and restated memorandum and articles of association which was adopted by the Company~~’s control~~ upon the consummation of the Initial Public Offering (the “Amended and ~~subject~~Restated Memorandum and Articles of Association”), conduct the redemptions pursuant to the ~~occurrence~~tender offer rules of ~~uncertain~~the ~~future events~~U.S. ~~Accordingly,~~Securities atand ~~March 31,~~Exchange ~~2021~~Commission (the “SEC”), and ~~December~~file 31tender offer documents with the SEC prior to completing a Business Combination. If, ~~2020~~however, 49a shareholder approval of the transaction is required by applicable law or stock exchange listing requirements,~~814~~ or the Company decides to obtain shareholder approval for business or other reasons,~~654~~ the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and 49not pursuant to the tender offer rules. Additionally,~~047~~ each Public Shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction or whether they were a Public Shareholder on the record date for the general meeting held to approve the proposed transaction. If the Company seeks shareholder approval in connection with a Business Combination,~~261~~ ~~Class A~~the ~~ordinary~~holders of the founder shares ~~subject~~prior to ~~possible~~this ~~redemption,~~Initial ~~respectively,~~Public ~~are~~Offering ~~presented~~(the “Initial Shareholders”) have agreed to vote their founder shares (as ~~temporary~~defined ~~equity,~~in ~~outside~~Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the ~~shareholders’~~Initial ~~equity~~Shareholders ~~section~~have agreed to waive their redemption rights with respect to their founder shares and Public Shares in connection with the completion of a Business Combination. In addition, the Company’s ~~balance~~has ~~sheet~~agreed not to enter into a definitive agreement regarding an initial Business Combination without the prior consent of the Sponsor.

~~Income Taxes~~

~~ASC~~Notwithstanding ~~Topic~~the ~~740~~foregoing, ~~prescribes a~~the ~~recognition~~Company’s ~~threshold~~Amended and aRestated ~~measurement~~Memorandum ~~attribute for the financial statement recognition~~ and ~~measurement~~Articles of ~~tax~~Association ~~positions~~provides ~~taken~~that ~~or expected~~a toPublic beShareholder, ~~taken~~together inwith aany ~~tax~~affiliate ~~return.~~of ~~For~~such ~~those~~shareholder ~~benefits~~or toany beother ~~recognized,~~person awith ~~tax~~whom ~~position~~such ~~must~~shareholder beis ~~more~~acting ~~likely~~in ~~than~~concert ~~not~~or toas bea ~~sustained upon~~“group” ~~examination~~(as bydefined ~~taxing~~under ~~authorities.~~Section 13 ~~There~~of ~~were~~the noSecurities ~~unrecognized~~Exchange ~~tax~~Act ~~benefits as~~ of ~~March 31~~1934, ~~2021.~~as ~~The~~amended ~~Company’s management determined that~~ (the ~~Cayman~~“Exchange ~~Islands~~Act”)), iswill ~~the~~be ~~Company’s~~restricted ~~only~~from ~~major~~redeeming ~~tax~~its ~~jurisdiction.~~shares ~~The~~with ~~Company~~respect ~~recognizes accrued interest and penalties related~~ to ~~unrecognized~~more ~~tax~~than ~~benefits~~an asaggregate ~~income tax expense. No amounts were accrued for the payment~~ of ~~interest~~15% ~~and~~or ~~penalties~~more as of ~~March~~the Class ~~31, 2021.~~A ~~The~~ordinary ~~Company~~shares issold ~~currently~~in ~~not~~the ~~aware~~Initial ofPublic ~~any issues under review that could result in significant payments~~Offering, ~~accruals~~without orthe ~~material~~prior ~~deviation from~~consent ~~its~~of ~~position.~~the ~~The~~ Company ~~is subject to income tax examinations by major taxing authorities since inception~~.

There is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman Islands income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

~~Net Income per Ordinary Share~~6

~~The~~Table ~~Company complies with accounting and disclosure requirements~~ of ASC Topic 260, “Earnings Per Share.” Net income per common share is computed by dividing net loss by the weighted average number of shares of ordinary shares outstanding during the period. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 24,652,602 shares of the Company’s ordinary shares in the calculation of diluted loss per share, since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive.Contents

~~The~~HORIZON ~~Company’s~~ACQUISITION statement of operations includes a presentation of income per common share for Class A ordinary shares subject to possible redemption in a manner similar to the two-class method of income per common share. Net income per common share, basic and diluted, for Class A ordinary shares subject to possible redemption is calculated by dividing the proportionate share of income or loss on marketable securities held by the Trust Account, net of applicable franchise and income taxes, by the weighted average number of shares of Class A ordinary shares subject to possible redemption outstanding since original issuance.CORPORATION

11NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES~~The TOCompany’s ~~UNAUDITED~~Sponsor, ~~CONDENSED~~officers ~~FINANCIAL~~and ~~STATEMENTS~~directors have agreed not to propose an amendment to the Company’s Amended and Restated Memorandum and Articles of Association to either (i) to modify the substance or timing of the Company’s obligation to allow the redemption of its Public Shares in connection with a Business Combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination within 24 months from the closing of the Initial Public Offering or (ii) with respect to any other provisions relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the Public Shareholders with the opportunity to redeem their Class A ordinary shares in conjunction with any such amendment.

Net income per ordinary share, basic and diluted, for non-redeemable common stock is calculated by dividing the net income, adjusted for income or loss on marketable securities attributable to common stock subject to possible redemption, by the weighted average number of non-redeemable common stock outstanding for the period.

~~Non-redeemable~~If ~~ordinary~~the ~~shares~~Company ~~include~~is ~~Founder Shares~~unable ~~and~~to ~~non-redeemable~~complete ~~shares~~a Business Combination within 24 months from the closing of ~~Class~~the Initial Public Offering, or August A25, ~~ordinary~~2022 ~~shares~~(the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as ~~these~~promptly ~~shares~~as doreasonably possible but not ~~have~~more ~~any~~than ~~redemption~~ten ~~features.~~business days ~~Non~~thereafter, redeem the Public Shares, at a per-~~redeemable~~share ~~ordinary shares~~price, ~~participate~~payable in cash, equal to the ~~income~~aggregate oramount ~~loss~~then on ~~marketable~~deposit ~~securities~~in ~~based~~the onTrust ~~non-redeemable~~Account, ~~shares’~~including ~~proportionate~~interest (which interest shall be net of taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the board of directors, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law.

~~Recent Adopted Accounting Standards~~

In ~~August~~connection with the redemption of 100% of the Company’s outstanding Public Shares for a portion of the funds held in the Trust Account, each holder will receive a full pro ~~2020~~rata portion of the amount then in the Trust Account, plus any pro rata interest earned on the ~~FASB~~funds ~~issued~~held ~~Accounting~~in ~~Standard~~the ~~Update~~Trust Account and not previously released to the Company to pay the Company’s taxes payable (~~“ASU”~~less taxes payable and up to $100,000 of interest to pay dissolution expenses). NoThe Initial Shareholders have agreed to waive their liquidation rights with respect to the founder shares if the Company fails to complete a Business Combination within the Combination Period. ~~2020-06~~ However, ~~Debt—Debt~~ if the Initial Shareholders should acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with ~~Conversion~~respect ~~and~~to ~~Other~~such ~~Options~~ Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to their deferred underwriting commission (~~Subtopic~~see ~~470-20~~Note 6) ~~and~~held ~~Derivatives~~in ~~and~~the ~~Hedging—Contracts~~Trust Account in ~~Entity’s~~the ~~Own~~event ~~Equity~~the ~~(Subtopic~~Company ~~815-40):~~does ~~Accounting~~not ~~for~~complete ~~Convertible Instruments~~a Business Combination within in the Combination Period and, ~~Contracts~~in such event, such amounts will be included with the funds held in anthe ~~Entity~~Trust Account that will be available to fund the redemption of the Company’s ~~Own~~Public ~~Equity~~Shares. In the event of such distribution, ~~which~~it ~~simplifies~~is ~~accounting~~possible that the per share value of the residual assets remaining available for ~~convertible~~distribution ~~instruments~~in bythe ~~removing~~Trust ~~major~~Account ~~separation models~~will ~~required~~be ~~under~~less ~~current~~than ~~GAAP~~the $10.00 ~~The~~per ~~ASU~~share ~~also~~initially ~~removes~~held ~~certain~~in ~~settlement~~the ~~conditions~~Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor has agreed that ~~are~~it ~~required~~will ~~for~~be ~~equity-linked~~liable ~~contracts~~to the Company if and to ~~qualify~~ the extent any claims by a third party for services rendered or products sold to the ~~derivative~~Company, ~~scope~~or ~~exception~~a ~~and~~prospective ittarget ~~also~~business ~~simplifies~~with which the ~~diluted~~Company ~~earnings~~has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per public share ~~calculation~~and (ii) the actual amount per public share held in ~~certain~~the ~~areas~~trust account as of the date of the liquidation of the Trust Account, if less than $10. ~~The~~ 00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s ~~early~~indemnity ~~adopted~~of the ~~ASU~~underwriters onof ~~January 1~~the Initial Public Offering against certain liabilities, ~~2021. Adoption~~including liabilities under the Securities Act of 1933, as amended (the ~~ASU~~“Securities ~~did~~Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not ~~impact~~be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have vendors, service providers (except the Company’s ~~financial~~independent ~~position~~registered public accounting firm), ~~results~~ prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of ~~operations~~any kind in or ~~cash~~to ~~flows~~monies held in the Trust Account. There can be no guarantee that the Company will be successful in obtaining such waivers from its targeted vendors and service providers.

~~Recent Issued Accounting Standards~~

The Company’s management does not believe that any recently issued, but not yet effective, accounting standards updates, if currently adopted, would have a material effect on the accompanying financial statement.7

~~Note~~Table 3of ~~— Initial Public Offering~~Contents

OnHORIZON ~~August 25,~~ACQUISITION 2020, the Company consummated its Initial Public Offering of 50,000,000 Units, at $10.00 per Unit, generating gross proceeds of $500.0 million, and incurring offering costs of approximately $19.6 million, inclusive of approximately $12.1 million in deferred underwriting commissions. The Sponsor purchased 15,500,000 Units (the “Affiliated Units”) at the Initial Public Offering price. The underwriters did not receive any underwriting discounts or commissions on the Affiliated Units.CORPORATION

OnNOTES ~~August 26,~~TO ~~2020, the~~UNAUDITED ~~Company~~CONDENSED ~~issued~~FINANCIAL an additional of 4,398,433 Units at the Initial Public Offering price at $10.00 per Unit pursuant to the exercise by the underwriters of a portion of their over-allotment option, generating additional gross proceeds of approximately $44.0 million, and incurring additional offering costs of approximately $2.4 million, inclusive of an additional of approximately $1.5 million in deferred underwriting commissions.STATEMENTS

Each Unit will consist of one Class A ordinary share and one-third of one redeemable warrant (“Public Warrant”). Each whole Public Warrant will entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note 8).

~~Note~~Proposed 4Business ~~— Private Placement~~Combination

As a result of the purchase of the Affiliated Units by the Sponsor, the number of Private Placement Warrants purchased by the Sponsor was reduced to account for the corresponding reduction in underwriting discounts payable upon completion the Initial Public Offering. On August 25, 2020, simultaneous with the consummation of the Initial Public Offering, the Company consummated the Private Placement of 5,933,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, generating total proceeds of $8.9 million. In connection with the partial exercise of the over-allotment option, the Sponsor purchased an additional 586,458 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, generating additional total proceeds of approximately $0.9 million. A portion of the proceeds from the sale of the Private Placement Warrants to the Sponsor was added to the proceeds from the Initial Public Offering held in the Trust Account.

~~Each~~On ~~whole~~April ~~Private~~21, ~~Placement~~2021, ~~Warrant~~the isCompany ~~exercisable for~~entered ~~one~~into ~~whole~~a ~~Class A~~Transaction ~~ordinary~~Agreement ~~share~~with atHoya Topco, LLC (“Topco”), a ~~price~~Delaware oflimited ~~$11.50~~liability ~~per~~company, ~~share~~Hoya Intermediate, LLC (“Intermediate”), a Delaware limited liability company, and Vivid Seats Inc. If(“VS ~~the~~PubCo”), ~~Company~~a ~~does~~Delaware ~~not~~corporation ~~complete~~and a ~~Business~~direct ~~Combination~~wholly ~~within the~~owned ~~Combination~~subsidiary ~~Period~~of Intermediate, ~~the~~pursuant ~~Private~~to ~~Placement~~which ~~Warrants~~the Company will ~~expire~~merge ~~worthless.~~with ~~The~~and ~~Private~~into ~~Placement~~VS ~~Warrants~~PubCo, ~~are~~and ~~non-redeemable~~VS ~~except as~~PubCo ~~described~~will ~~below~~be ~~and~~the ~~exercisable~~surviving corporation of the merger. For further details on athe ~~cashless~~contemplated ~~basis~~merger, soplease ~~long~~see asthe ~~they~~Form ~~are~~8-K ~~held~~filed bywith the ~~Sponsor~~Securities orand ~~its~~Exchange ~~permitted~~Commission ~~transferees~~on April 22, 2021.

~~HORIZON~~Basis ~~ACQUISITION~~of ~~CORPORATION~~presentation

~~NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS~~

The ~~Sponsor~~accompanying ~~and~~unaudited condensed financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the ~~Company’s~~United ~~officers and~~States ~~directors~~of ~~agreed,~~America ~~subject~~(“GAAP”) for financial information and pursuant to ~~limited~~the ~~exceptions~~rules and regulations of the SEC. Accordingly, they do not toinclude ~~transfer~~all of the information and footnotes required by GAAP. In the opinion of management, ~~assign~~the orunaudited ~~sell~~condensed ~~any~~financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of ~~their~~the ~~Private~~balances ~~Placement~~and ~~Warrants~~results ~~until~~for ~~30 days~~the ~~after~~periods presented. Operating results for the ~~completion~~three and six months ended June 30, 2021 are not necessarily indicative of the ~~initial~~results ~~Business~~that ~~Combination~~may be expected through December 31, 2021 or any future period.

~~Note 5 — Related Party Transactions~~

~~Founder~~The ~~Shares~~accompanying unaudited condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Form 10-K, as amended, filed by the Company with the SEC on May 7, 2021.

On July 2, 2020, the Sponsor paid an aggregate of $25,000 for certain expenses on behalf of the Company in exchange for issuance of 14,375,000 Class B ordinary shares (the “founder shares”). The Sponsor agreed to forfeit up to an aggregate of 1,875,000 founder shares to the extent that the option to purchase additional units was not exercised in full by the underwriters or was reduced, so that the founder shares would represent 20% of the Company’s issued and outstanding shares after the Initial Public Offering. On August 25, 2020, in connection with the purchase of the Affiliated Units, the Sponsor surrendered 581,250 founder shares to the Company for no consideration. On August 26, 2020, the underwriters partially exercised their over-allotment option, which resulted in 1,099,608 founder shares no longer being subject to forfeiture. On October 4, 2020, 194,142 shares were forfeited as the remainder of the over-allotment option expired unexercised. As a result, as of March 31, 2021 and December 31, 2020, no remaining Class B ordinary shares were subject to forfeiture.

~~The~~Emerging ~~Initial~~growth Shareholders agreed not to transfer, assign or sell any of their founder shares until the earlier to occur of: (i) one year after the completion of the initial Business Combination or earlier if, subsequent to the initial Business Combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, capitalization of shares, share dividends, rights issuances, subdivisions reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, and (ii) the date following the completion of the initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.company

~~Related Party Loans~~

OnThe ~~July 2,~~Company ~~2020~~is an “emerging growth company,” as defined in Section 2(a) of the ~~Sponsor~~Securities ~~agreed~~Act, toas ~~loan~~ modified by the ~~Company~~JOBS upAct, and it may take advantage of certain exemptions from various reporting requirements that are applicable to ~~$300~~other public companies that are not emerging growth companies including,~~000~~ but not limited to, benot ~~used~~being ~~for~~required to comply with the ~~payment~~auditor attestation requirements of ~~costs~~Section ~~related~~404 toof the ~~Initial~~Sarbanes-Oxley ~~Public~~Act ~~Offering~~of ~~pursuant~~2002, toreduced adisclosure ~~promissory~~obligations ~~note~~regarding ~~(the~~ executive ~~“Note”).~~compensation ~~The~~in ~~Note~~its isperiodic ~~non-interest~~reports ~~bearing,~~and ~~unsecured~~proxy statements, and ~~due~~exemptions ~~upon~~from the ~~closing~~requirements of ~~the~~holding ~~Initial~~a ~~Public~~nonbinding ~~Offering.~~advisory ~~The~~vote ~~Company borrowed~~on ~~approximately~~executive ~~$185,000~~compensation ~~under~~and ~~the~~shareholder ~~Note,~~approval ~~and~~of ~~fully~~any ~~repaid~~golden ~~this~~parachute ~~balance~~payments onnot ~~August 28,~~previously ~~2020~~approved.

In addition, in order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company may repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans may be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lenders’ discretion, up to $1.5 million of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.50 per warrant. The warrants would be identical to the Private Placement Warrants. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. As of March 31, 2021 and December 31, 2020, the Company had no borrowings under the Working Capital Loans.

~~Administrative~~Further, ~~Support~~Section 102(b)(1) of ~~Agreement~~the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised, and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with other public companies difficult or impossible because of the potential differences in accounting standards used.

The Company agreed to pay the Sponsor a total of $10,000 per month, commencing on the date of listing on the NYSE, for office space, utilities, secretarial and administrative support services provided to members of the management team. Upon completion of the initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. From the date the securities were first listed on the NYSE through March 31, 2021, the Sponsor waived the fee.

13Liquidity and Capital Resources

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES~~As TOof ~~UNAUDITED~~June ~~CONDENSED~~30, ~~FINANCIAL~~2021, ~~STATEMENTS~~the Company had approximately $18.1 million of cash held outside of the Trust Account and working capital of approximately $16.1 million.

In addition, the Sponsor, officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on the Company’s behalf such as identifying potential target businesses and performing due diligence on suitable Business Combinations. The Audit Committee of the Board of Directors will review on a quarterly basis all payments that are made by the Company to the Sponsor, officers or directors, or their affiliates. Any such payments prior to an initial Business Combination will be made from funds held outside the Trust Account.

~~Note 6 — Commitments and Contingencies~~8

~~Registration~~Table ~~and~~of ~~Shareholder Rights~~Contents

~~The~~HORIZON ~~holders~~ACQUISITION of the founder shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans) are entitled to registration rights pursuant to a registration and shareholder rights agreement. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements.CORPORATION

~~Underwriting~~NOTES ~~Agreement~~TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

The Company granted the underwriters a 45-day option, from August 20, 2020, the date of the final prospectus related to the initial public offering, to purchase up to 7,500,000 additional Units at the Initial Public Offering price less the underwriting discounts and commissions. On August 26, 2020, the Company issued an additional of 4,398,433 Units at the Initial Public Offering price at $10.00 per Unit pursuant to the partial exercise of the underwriters’ over-allotment option.

~~The~~In ~~underwriters~~connection ~~were~~with ~~entitled~~one toof anthe ~~underwriting discount~~business ofcombination ~~$0.20~~opportunities ~~per~~initially ~~unit~~considered by the Company, oron ~~$6.9~~June ~~million~~11, in2021, the ~~aggregate,~~Company ~~paid~~received ~~upon~~from ~~the~~a ~~closing~~third ofparty ~~the~~a ~~Initial~~payment ~~Public~~of ~~Offering~~$17.5 Inmillion ~~addition~~(the “Payment”), which is $~~0.35 per~~25 ~~unit~~million, ornet ~~approximately~~of ~~$12~~a 30% U.1S. ~~million~~federal inincome ~~the~~tax ~~aggregate~~withholding ~~will~~tax. beThe ~~payable~~Company is evaluating its ability to recover the ~~underwriters~~tax ~~for~~withholding. ~~deferred~~The ~~underwriting~~payment ~~commissions~~is included in other income on the unaudited condensed statements of operations. The ~~deferred~~Company ~~fee~~expects ~~will~~to ~~become~~declare ~~payable~~a dividend to ~~the~~all ~~underwriters~~of ~~from~~its ~~the~~Class ~~amounts~~A ~~held~~shareholders, in accordance with its organizational documents and applicable law, with a record date of after the ~~Trust~~completion ~~Account~~of ~~solely~~any share redemptions in connection with its Proposed Business Combination contemplated by the ~~event~~Transaction ~~that~~Agreement but before the ~~Company completes~~closing date of the Transaction to distribute some or all of the Payment on a ~~Business~~pro ~~Combination,~~rata ~~subject~~basis to the ~~terms~~Horizon Class A shareholders as of ~~the~~such ~~underwriting~~record ~~agreement~~date.

In connection with the consummation of the sale of Units pursuant to the over-allotment option on August 26, 2020, the underwriters were entitled to an additional fee of approximately $0.9 million paid upon closing and an additional deferred underwriting commissions of approximately $1.5 million.

~~Risks~~The Company’s liquidity needs up to June 30, 2021 have been satisfied through (i) the payment of $25,000 from the Sponsor to cover certain expenses on behalf of the Company in exchange for the issuance of the founder shares, (ii) a loan of approximately $185,000 from the Sponsor (see Note 5), and ~~Uncertainties~~(iii) the proceeds from the consummation of the Private Placement, the proceeds of which are not held in the Trust Account. The Company fully repaid the loan from the Sponsor on August 28, 2020. In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, provide the Company Working Capital Loans (see Note 5). As of June 30, 2021 and December 31, 2020, there were no amounts outstanding under any Working Capital Loan.

Management continues to evaluate the impact of the COVID-19 pandemic and has concluded that, while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~Note~~Based 7on —the ~~Derivative Warrant~~foregoing, ~~Liabilities~~management believes that the Company will have sufficient working capital and borrowing capacity from the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors to meet its needs through the earlier of the consummation of an Initial Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial business combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Initial Business Combination.

~~As of March 31, 2021 and December 31, 2020, the Company had 18,132,811 and 6,519,791 Public Warrants and Private Placement Warrants, respectively, outstanding.~~

14Note 2 — Summary of Significant Accounting Policies

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES~~Use TOof ~~UNAUDITED CONDENSED FINANCIAL STATEMENTS~~Estimates

Public Warrants may only be exercised for a whole number of shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of an initial Business Combination and (b) 12 months from the closing of the Initial Public Offering; provided in each case that the Company has an effective registration statement under the Securities Act covering the Class A ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to them is available and such shares are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder (or the Company permit holders to exercise their warrants on a cashless basis under certain circumstances). The Company has agreed that as soon as practicable, but in no event later than 15 business days after the closing of the initial Business Combination, the Company will use commercially reasonable efforts to file with the SEC a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants and to maintain a current prospectus relating to those Class A ordinary shares until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60th day after the closing of the initial Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if the Class A ordinary shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, and in the event the Company does not so elect, it will use commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available.

The ~~warrants~~preparation ~~have an exercise price~~ of ~~$11.50 per~~unaudited ~~share,~~condensed ~~subject~~financial tostatements adjustments, and will expire five years after the completion of the initial Business Combination or earlier upon redemption or liquidation. In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in ~~connection~~conformity with ~~the~~GAAP ~~closing~~requires ofmanagement ~~the initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price~~ to bemake ~~determined~~estimates ~~in good faith by the board of directors~~ and, inassumptions ~~the~~that ~~case~~affect ~~of any such issuance to~~ the ~~Initial~~reported ~~Shareholders~~amounts or their affiliates, without taking into account any founder shares held by the Initial Shareholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of ~~the~~assets ~~total~~and ~~equity~~liabilities ~~proceeds,~~ and ~~interest~~disclosure ~~thereon, available for the funding~~ of ~~the~~contingent ~~initial~~assets ~~Business~~and ~~Combination~~liabilities onat the date of the ~~consummation~~unaudited ofcondensed ~~the~~financial ~~initial~~statements ~~Business Combination (net of redemptions),~~ and ~~(z)~~ the ~~volume~~reported ~~weighted~~amounts ~~average trading price~~ of ~~Class A~~income ~~ordinary~~and ~~shares~~expenses during the ~~10-trading day~~reporting period ~~starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9~~.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price See “- Redemption of warrants when the price per class A ordinary share equals or exceeds $18.00” and “- Redemption of warrants when the price per class A ordinary share equals or exceeds $10.00” as described below.

The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except (i) that the Private Placement Warrants and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions, (ii) except as described below, the Private Placement Warrants will be non-redeemable so long as they are held by the Sponsor or such its permitted transferees and (iii) the Sponsor or its permitted transferees will have the option to exercise the Private Placement Warrants on a cashless basis and have certain registration rights. If the Private Placement Warrants are held by someone other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company in all redemption scenarios and exercisable by such holders on the same basis as the Public Warrants.

15Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. One of the significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liability.

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES~~Cash TOand ~~UNAUDITED~~Cash ~~CONDENSED FINANCIAL STATEMENTS~~Equivalents

~~Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00:~~

~~Once~~The ~~the~~Company ~~warrants~~considers ~~become~~all ~~exercisable,~~short-term ~~the~~investments ~~Company may~~with ~~call~~an ~~the~~original ~~outstanding~~maturity ~~warrants~~of ~~for~~three months ~~redemption~~or ~~(except~~less aswhen ~~described~~purchased ~~herein~~to ~~with~~be ~~respect~~cash toequivalents. ~~the~~There ~~Private~~were ~~Placement~~no ~~Warrants):~~cash equivalents at June 30, 2021 or December 31, 2020.

~~• in whole and not in part;~~

•Concentration ~~at a price~~ of ~~$0.01~~Credit ~~per warrant;~~Risk

~~• upon a minimum of 30 days’ prior written notice of redemption to each warrant holder; and~~

•Financial ~~if,~~instruments ~~and~~that ~~only~~potentially ~~if,~~subject the ~~last~~Company ~~reported~~to ~~sale~~concentration ~~price~~of ~~(the~~credit ~~“closing~~risk ~~price”)~~consist of ~~Class~~cash Aaccounts ~~ordinary~~in ~~shares~~a ~~equals~~financial orinstitution ~~exceeds~~which, ~~$18.00~~at ~~per~~times, ~~share~~may ~~(as~~exceed ~~adjusted)~~the ~~for~~Federal ~~any~~Depository 20Insurance ~~trading~~Corporation ~~days~~coverage ~~within~~of a$250,000, ~~30-trading~~and ~~day~~investments ~~period~~held ~~ending~~in Trust Account. The Company has not experienced losses on these accounts and management believes the ~~third~~Company ~~trading~~is ~~day~~not ~~prior~~exposed to ~~the~~significant ~~date~~risks on ~~which~~such ~~the~~accounts. The Company’s ~~sends~~investments held in the ~~notice~~Trust Account as of ~~redemption~~June to30, ~~the~~2021 ~~warrant~~and ~~holders.~~December 31, 2020

~~Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00:~~9

~~Once~~Table ~~the~~of ~~warrants become exercisable, the Company may call the outstanding warrants for redemption (except as described herein with respect to the Private Placement Warrants):~~Contents

•HORIZON inACQUISITION ~~whole and not in part;~~CORPORATION

•NOTES atTO ~~$0.10~~UNAUDITED ~~per~~CONDENSED ~~warrant~~FINANCIAL upon a minimum of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of Class A ordinary shares to be determined by reference to an agreed table based on the redemption date and the “fair market value” of Class A ordinary shares;STATEMENTS

• if, and only if, the closing price of Class A ordinary shares equals or exceeds $10.00 per share (as adjusted) for any 20 trading days within the 30-trading day period ending three trading days before the Company sends the notice of redemption to the warrant holders; and

•is ifcomprised ~~the closing price~~ of ~~the~~investments ~~Class~~in AU.S. ~~ordinary~~Treasury ~~shares~~securities ~~for~~with ~~any~~an 20original ~~trading~~maturity ~~days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice~~ of ~~redemption~~185 todays ~~the~~or ~~warrant holders is~~ less ~~than~~or ~~$18.00~~investments ~~per~~in ~~share~~a ~~(as~~money ~~adjusted),~~market ~~the~~funds ~~Private~~that ~~Placement~~comprise ~~Warrants~~only ~~must~~U.S. ~~also~~treasury besecurities ~~concurrently~~money ~~called~~market ~~for redemption on the same terms as the outstanding Public Warrants, as described above~~funds.

The “fair market value” of Class A ordinary shares for the above purpose shall mean the volume weighted average price of Class A ordinary shares during the 10 trading days immediately following the date on which the notice of redemption is sent to the holders of warrants. In no event will the warrants be exercisable on a cashless basis in connection with this redemption feature for more than 0.361 Class A ordinary shares per warrant (subject to adjustment).

InInvestments noHeld ~~event will the Company be required to net cash settle any warrant. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held~~ in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

~~Note 8 — Shareholders’ Equity~~

~~Preference Shares -~~ The Company’s portfolio of investments is ~~authorized~~comprised toof ~~issue~~U.S. 1government securities,~~000,000~~ ~~preference~~within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with ~~such~~a ~~designations~~maturity of 185 days or less, ~~voting~~or ~~and~~investments ~~other~~in ~~rights~~money market funds that invest in U.S. government securities and ~~preferences as~~generally ~~may~~have bea ~~determined~~readily ~~from~~determinable ~~time~~fair tovalue, ~~time~~or bya combination thereof. When the Company’s ~~board~~investments held in the Trust Account are comprised of ~~directors~~U.S. Asgovernment securities, the investments are classified as trading securities. When the Company’s investments held in the Trust Account are comprised of ~~March 31~~money market funds, ~~2021~~the investments are recognized at fair value. Trading securities and ~~December 31,~~investments ~~2020, there~~in ~~were~~money nomarket ~~preference~~funds ~~shares~~are ~~issued~~presented oron ~~outstanding~~the condensed balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in net gain from investments held in the Trust Account in the accompanying unaudited condensed statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information.

Class A Ordinary Shares - The Company is authorized to issue 400,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. As of March 31, 2021, there were 54,398,433 Class A ordinary shares issued and outstanding, including 49,814,654 Class A ordinary shares subject to possible redemption and have been reflected as temporary equity on the balance sheet. As of December 31, 2020, there were 54,398,433 Class A ordinary shares issued and outstanding, including 49,047,261 Class A ordinary shares subject to possible redemption and have been reflected as temporary equity on the balance sheet.

16Fair Value of Financial Instruments

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES TO~~The ~~UNAUDITED~~fair ~~CONDENSED~~value ~~FINANCIAL~~of ~~STATEMENTS~~the Company’s assets and liabilities, which qualify as financial instruments under the ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the condensed balance sheets. As of June 30, 2021 and December 31, 2020, the carrying values of cash, prepaid expenses, accounts payable and accrued expenses approximate their fair values due to the short-term nature of the instruments.

Class B Ordinary Shares - The Company is authorized to issue 40,000,000 Class B ordinary shares with a par value of $0.0001 per share. On July 2, 2020, the Company issued 14,375,000 Class B ordinary shares, of which an aggregate of up to 1,875,000 Class B ordinary shares were subject to forfeiture to the Company by the Initial Shareholders for no consideration to the extent that the underwriters’ over-allotment option is not exercised in full or in part, so that the Initial Shareholders would collectively own 20% of the Company’s issued and outstanding ordinary shares after the Initial Public Offering. On August 25, 2020, in connection with the purchase of the Affiliated Units, the Sponsor surrendered 581,250 founder shares to the Company for no consideration. On August 26, 2020, the underwriters partially exercised their over-allotment option, which resulted in 1,099,608 founder shares no longer being subject to forfeiture. As a result, 194,142 Class B ordinary shares were subject to forfeiture. On October 4, 2020, these shares were forfeited as the remainder of the over-allotment option expired unexercised. As of March 31, 2021 and December 31, 2020, there were 13,599,608 Class B ordinary shares outstanding, and no shares were subject to forfeiture, respectively.

~~Ordinary~~Fair ~~shareholders~~Value of record are entitled to one vote for each share held on all matters to be voted on by shareholders and holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of the shareholders except as required by law; provided that only holders of Class B ordinary shares will have the right to vote on the appointment of directors prior to, or in connection with, the completion of the initial Business Combination.Measurements

The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the consummation of the initial Business Combination on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment. In the case that additional Class A ordinary shares or equity-linked securities are issued or deemed issued in connection with the initial Business Combination, the number of Class A ordinary shares issuable upon conversion of all founder shares will equal, in the aggregate, on an as-converted basis, 20% of the total number of Class A ordinary shares outstanding after such conversion (after giving effect to any redemptions of Class A ordinary shares by Public Shareholders), including the total number of Class A ordinary shares issued, or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial Business Combination, excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any Private Placement Warrants issued upon conversion of Working Capital Loans; provided that such conversion of founder shares will never occur on a less than one-for-one basis.

17Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

~~HORIZON ACQUISITION CORPORATION~~

~~NOTES TO~~● ~~UNAUDITED~~Level ~~CONDENSED~~1, ~~FINANCIAL~~defined ~~STATEMENTS~~as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

~~Note 9 — Fair Value Measurements~~

~~The~~● ~~following~~Level ~~table~~2, ~~presents~~defined ~~information~~as ~~about the~~inputs ~~Company’s~~other ~~assets~~than ~~that~~quoted ~~are~~prices ~~measured~~in atactive ~~fair~~markets ~~value~~that onare aeither ~~recurring~~directly ~~basis~~or asindirectly ofobservable ~~March 31,~~such ~~2021~~as ~~and~~quoted ~~December 31,~~prices ~~2020~~for ~~and indicates~~similar ~~the~~instruments ~~fair~~in ~~value~~active ~~hierarchy~~markets ofor ~~the~~quoted ~~valuation~~prices ~~techniques~~for ~~that~~identical ~~the~~or ~~Company~~similar ~~utilized~~instruments toin ~~determine~~markets ~~such~~that ~~fair~~are ~~value.~~not active; and

March 31, 2021
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Investments held in Trust Account	$	544,010,831	$	-	$	-
Liabilities
Derivative warrant liabilities -Public Warrants	$	19,946,090	$	-	$	-
Derivative warrant liabilities -Private Warrants	$	-	$	-	$	7,171,770

December 31, 2020
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Investments held in Trust Account	$	544,002,795	$	-	$	-
Liabilities
Derivative warrant liabilities -Public Warrants	$	26,292,580	$	-	$	-
Derivative warrant liabilities -Private Warrants	$	-	$	-	$	9,453,700

●

Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

~~Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period. During the period there were no transfers to/from Levels 1, 2, and 3.~~

~~Level 1~~In ~~instruments~~some ~~include~~circumstances, ~~investments~~the ininputs ~~mutual~~used ~~funds~~to ~~invested~~measure infair ~~government~~value ~~securities.~~might ~~The~~be ~~Company~~categorized ~~uses~~within ~~inputs~~different ~~such~~levels asof ~~actual~~the ~~trade~~fair ~~data, benchmark~~value ~~yields,~~hierarchy. ~~quoted~~In ~~market~~those ~~prices~~instances, ~~from~~the ~~dealers~~fair orvalue ~~brokers,~~measurement ~~and~~is ~~other~~categorized ~~similar~~in ~~sources~~its toentirety ~~determine~~in the fair value ofhierarchy ~~its~~based ~~investments~~on the lowest level input that is significant to the fair value measurement.

The fair value of the Private Placement Warrants were initially and subsequently (each measurement date) measured using a Monte Carlo simulation model. The fair value of Public Warrants issued in connection with the Initial Public Offering are measured based on the listed market price of such warrants, a Level 1 measurement. For the three months ended March 31, 2021, the Company recognized a charge to the statement of operations resulting from an increase in the fair value of liabilities of $8.6 million presented as change in fair value of derivative warrant liabilities on the accompanying unaudited condensed statement of operations.

~~The~~Derivative ~~estimated fair~~Warrant value of the Private Placement Warrants is determined using Level 3 inputs. Inherent in a Monte Carlo simulation are assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its common stock warrants based on implied volatility from the Company’s traded warrants and from historical volatility of select peer company’s common stock that matches the expected remaining life of the warrants. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the warrants. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates remaining at zero.Liabilities

~~HORIZON ACQUISITION~~The ~~CORPORATION~~Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC Topic 815, “Derivatives and Hedging” (“ASC

~~NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS~~10

~~The~~Table ~~following table~~of ~~provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:~~Contents

	March 31, 2021			December 31, 2020
Volatility		17.7	%		22.1	%
Share price	$	9.88		$	10.02
Risk-free rate		0.92	%		0.36	%
Dividend yield		0.0	%		0.0	%

HORIZON ACQUISITION CORPORATION

~~The~~NOTES ~~change in~~TO ~~the~~UNAUDITED ~~fair~~CONDENSED ~~value~~FINANCIAL ~~of the derivative warrant liabilities for the period for the three months ended March 31, 2021 is summarized as follows:~~STATEMENTS

Warrant liabilities at December 31, 2020	$	35,746,280
Change in fair value of warrant liabilities		(8,628,420	)
Warrant liabilities at March 31, 2021	$	27,117,860

~~Note~~815”). 10The —classification ~~Subsequent~~of ~~Events~~derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.

The Company evaluated events that have occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than the event disclosed below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements which have not previously been disclosed within the financial statements.

OnThe ~~April 21,~~Public ~~2021,~~Warrants and the ~~Company~~Private ~~entered~~Placement ~~into~~Warrants aare ~~Transaction~~recognized ~~Agreement~~ as derivative liabilities in accordance with ~~Hoya~~ASC ~~Topco~~815. Accordingly, ~~LLC~~the ~~(“Topco”),~~Company arecognizes ~~Delaware~~the ~~limited~~warrant ~~liability~~instruments ~~company,~~as ~~Hoya~~liabilities ~~Intermediate,~~at ~~LLC~~fair ~~(“Intermediate”), a~~value ~~Delaware~~and ~~limited~~adjusts ~~liability~~the ~~company,~~carrying ~~and~~value ~~Vivid~~of ~~Seats~~the ~~Inc~~instruments to fair value at each reporting period until they are exercised. ~~(“VS~~The ~~PubCo”)~~change in fair value is recognized in the Company’s condensed statements of operations. The fair value of warrants issued in connection with the Initial Public Offering, aexercise ~~Delaware~~of ~~corporation~~the over-allotment option and Private Placement were initially and subsequently measured at fair value using a ~~direct~~Monte ~~wholly~~Carlo ~~owned subsidiary~~simulation model. Beginning as of ~~Intermediate~~December 31, ~~pursuant~~2020, tothe ~~which~~fair value of Public Warrants have been measured based on the ~~Company~~listed ~~will~~market ~~merge~~price ~~with~~of ~~and~~such ~~into~~the VSPublic ~~PubCo,~~Warrants. ~~and~~The VSPrivate ~~PubCo~~Placement ~~will~~Warrants continue to be measured at fair value using a Monte Carlo simulation model through June 30, 2021. The determination of the ~~surviving~~fair ~~corporation~~ value of the ~~merger.~~warrant ~~For~~liability ~~further~~may ~~details~~be onsubject ~~the~~to ~~contemplated~~change ~~merger,~~as ~~please~~more ~~see~~current information becomes available and accordingly the ~~Form 8~~actual results could differ significantly. Derivative warrant liabilities are classified as non-Kcurrent ~~filed~~liabilities ~~with~~as their liquidation is not reasonably expected to require the ~~Securities~~use ~~and~~of ~~Exchange~~current ~~Commission on~~assets ~~April 22,~~or ~~2021~~require the creation of current liabilities.

~~Item~~Offering 2.costs ~~Management’s~~associated ~~Discussion~~with ~~and~~Initial ~~Analysis~~Public ~~of Financial Condition and Results of Operations.~~Offering

References to the “Company,” “Horizon Acquisition Corp.” “our,” “us” or “we” refer to Horizon Acquisition Corp. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

~~Cautionary~~Offering ~~Note~~costs ~~Regarding~~consist ~~Forward~~of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs are allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities are expensed as incurred and presented as non-~~Looking~~operating ~~Statements~~expenses in the condensed statements of operations. Offering costs associated with the Public Shares were charged to shareholders’ equity. The Company classifies deferred underwriting commissions as non-current liabilities as their liquidation is not reasonably expected to require use of current assets or require the creation of current liabilities.

This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in our other SEC filings.

~~Overview~~Class A Ordinary Shares Subject to Possible Redemption

We are a blank check company incorporated in the Cayman Islands on June 12, 2020 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We may pursue an initial business combination target in any industry. In particular, we seek assets that target four broad themes (1) innovative platforms that support consumer access to financial wellness solutions, (2) next-generation alternative asset management platforms, particularly those that benefit from upheaval in long-term interest rates, (3) traditional financial services businesses requiring an injection of capital due to exogenous shocks from the current environment and (4) insurance and related offerings, including insurance technology, administration and other solutions. Accordingly, there is no current basis for investors in our initial public offering to evaluate the possible merits or risks of the target business with which we may ultimately complete our initial business combination. We are an emerging growth company and, as such, we are subject to all of the risks associated with emerging growth companies.

~~Our registration~~The ~~statement~~Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the ~~initial~~guidance ~~public~~in ~~offering~~ASC ~~became~~Topic ~~effective~~480 on“Distinguishing ~~August 20,~~Liabilities ~~2020~~from Equity.” OnClass ~~August 25,~~A ~~2020,~~ordinary weshares ~~consummated the~~subject ~~initial~~to ~~public~~mandatory ~~offering~~redemption of(if ~~50,000,000~~any) ~~units,~~are classified as liability instruments and are measured at ~~$10~~fair value.00 ~~per~~Shares ~~unit,~~of ~~generating~~conditionally ~~gross~~redeemable ~~proceeds of~~Class ~~$500.0~~A ~~million,~~ordinary ~~and~~shares ~~incurring~~(including ~~offering~~Class ~~costs~~A ofordinary ~~approximately~~shares ~~$19.6~~that ~~million,~~feature ~~inclusive~~redemption rights that are either within the control of ~~approximately~~the ~~$12.1~~holder ~~million~~or insubject ~~deferred~~to ~~underwriting commissions.~~redemption Onupon ~~August 26,~~the ~~2020,~~occurrence of uncertain events not solely within the ~~company~~Company’s ~~issued~~control) anare ~~additional~~classified ofas 4temporary equity. At all other times,~~398,433~~ ~~units~~Class atA ~~the~~ordinary ~~initial~~shares ~~public~~are ~~offering~~classified ~~price at~~as ~~$10~~shareholders’ equity.00 ~~per~~The ~~unit~~Company’s ~~pursuant~~Class A ordinary shares feature certain redemption rights that are considered to ~~the~~be ~~exercise~~outside byof the ~~underwriters~~Company’s ofcontrol aand ~~portion~~subject to the occurrence of ~~their~~uncertain ~~over-allotment~~future ~~option~~events. Accordingly, ~~generating~~at ~~additional~~June ~~gross proceeds~~30, of2021 ~~approximately~~and ~~$44.0~~December ~~million~~31, 2020, 49,761,224 and ~~incurring~~49,047,261 ~~additional~~Class ~~offering~~A ~~costs~~ordinary ofshares ~~approximately $2.4~~subject ~~million~~to possible redemption, ~~inclusive~~respectively, ofare anpresented ~~additional~~as temporary equity, outside of ~~approximately~~the ~~$1.5~~shareholders’ ~~million~~equity insection ~~deferred~~of ~~underwriting~~the ~~commissions~~Company’s condensed balance sheets.

Simultaneous with the consummation of the initial public offering, we consummated the private placement of 5,933,333 private placement warrants at a price of $1.50 per private placement warrant, generating total proceeds of $8.9 million. In connection with the preparation of the consummation of the over-allotment option, our sponsor purchased an additional 586,458 private placement warrants at a price of $1.50 per private placement warrant, generating additional total proceeds of approximately $0.9 million. Upon the closing of the initial public offering and the private placement on August 25, 2020, approximately $500.0 million ($10.00 per unit) of the net proceeds of the initial public offering and certain of the proceeds of the private placement was placed in a trust account, with Continental Stock Transfer & Trust Company acting as trustee. Upon the consummation of the over-allotment option on August 26, 2020, an additional amount of approximately $44.0 million, for a total of approximately $544.0 million was deposited to the trust account. The proceeds in the trust account are invested in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations, as determined by the company, until the earlier of: (i) the completion of a business combination and (ii) the distribution of the trust account as described below.

20Income Taxes

Our management has broad discretion with respect to the specific application of the net proceeds of the initial public offering and the sale of private placement warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a business combination.

IfASC weTopic ~~are~~740 ~~unable~~prescribes ~~to complete~~ a ~~business~~recognition ~~combination within~~threshold 24and ~~months~~a ~~from~~measurement ~~the~~attribute ~~closing~~for of the ~~initial~~financial ~~public~~statement ~~offering,~~recognition orand ~~August 25,~~measurement ~~2022, we will (i) cease all operations except for the purpose~~ of ~~winding~~tax ~~up,~~positions ~~(ii) as~~taken ~~promptly~~or asexpected ~~reasonably~~to ~~possible~~be ~~but~~taken ~~not~~in ~~more~~a ~~than~~tax ~~ten~~return. ~~business~~For ~~days~~those ~~thereafter,~~benefits ~~redeem~~to ~~the public~~be ~~shares~~recognized, at a ~~per-share~~tax ~~price,~~position ~~payable~~must inbe ~~cash,~~more ~~equal~~likely tothan ~~the~~not ~~aggregate~~to ~~amount~~be ~~then~~sustained onupon ~~deposit~~examination inby ~~the~~taxing ~~trust~~authorities. ~~account,~~There ~~including~~were ~~interest (which~~no ~~interest~~unrecognized ~~shall~~tax bebenefits ~~net~~as of ~~taxes~~June ~~payable~~30, 2021 and upDecember ~~to $100~~31,~~000~~ of2020. ~~interest~~The toCompany’s ~~pay~~management ~~dissolution~~determined ~~expenses),~~that ~~divided by~~ the ~~number~~Cayman ofIslands ~~then issued~~is ~~and~~the ~~outstanding~~Company’s ~~public~~only ~~shares,~~major ~~which~~tax ~~redemption~~jurisdiction. ~~will~~The ~~completely~~Company ~~extinguish~~recognizes ~~public~~accrued ~~shareholders’~~interest ~~rights~~and aspenalties ~~shareholders~~related ~~(including the right~~ to ~~receive~~unrecognized ~~further~~tax ~~liquidation~~benefits ~~distributions, if any) and (iii)~~ as ~~promptly~~income astax ~~reasonably~~expense. ~~possible~~No ~~following~~amounts ~~such~~were ~~redemption, subject~~accrued tofor the ~~approval~~payment of ~~the~~interest ~~remaining shareholders~~ and ~~the~~penalties ~~board~~as of ~~directors~~June 30, ~~liquidate~~2021. ~~and~~The ~~dissolve,~~Company ~~subject~~is incurrently ~~the~~not ~~case~~aware of ~~clauses (ii) and~~any ~~(iii) to~~issues ~~our~~under ~~obligations~~review ~~under~~that ~~Cayman~~could ~~Islands~~result ~~law~~in tosignificant ~~provide~~payments, ~~for~~accruals ~~claims~~or ofmaterial ~~creditors~~deviation ~~and~~from inits ~~all~~position. ~~cases~~The Company is subject to ~~the other~~income ~~requirements~~tax ofexaminations ~~applicable~~by ~~law~~major taxing authorities since inception.

~~Liquidity and Capital Resources~~

AsThere is currently no taxation imposed on income by the Government of ~~March 31,~~the ~~2021,~~Cayman weIslands. ~~had~~In ~~approximately $799~~accordance with Cayman Islands income tax regulations,~~000~~ inincome ~~our~~taxes ~~operating~~are ~~bank~~not ~~account~~levied on the Company. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

Our liquidity needs have been satisfied prior to the completion of the initial public offering through the payment of $25,000 from our sponsor to cover for certain expenses on behalf of us in exchange for the issuance of the founder shares. In addition, our sponsor advanced approximately $185,000 to us under a promissory note, which was repaid on August 28, 2020. Subsequent to the initial public offering and private placement, our liquidity needs have been satisfied from the proceeds from the consummation of the private placement not held in the trust account. In addition, in order to fund working capital deficiencies or finance transaction costs in connection with a business combination, our sponsor may, but is not obligated to, provide us working capital loans. To date, there were no amounts outstanding under any working capital loan.11

~~Based~~Table ~~on the foregoing, management believes that we will have sufficient working capital and borrowing capacity from our sponsor or an affiliate~~ of our sponsor or our officers and directors to meet our needs through the earlier of the consummation of a business combination or one year from this filing. Over this time period, we will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial business combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the business combination.Contents

WeHORIZON ~~continue~~ACQUISITION to evaluate the impact of the COVID-19 pandemic and has concluded that the specific impact is not readily determinable as of the date of the balance sheet. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.CORPORATION

~~Results~~NOTES ofTO ~~Operations~~UNAUDITED CONDENSED FINANCIAL STATEMENTS

Our entire activity since inception up to March 31, 2021 was in preparation for our formation and the Initial Public Offering. We will not be generating any operating revenues until the closing and completion of our initial Business Combination.

For the three months ended March 31, 2021, we had net income of approximately $7.7 million, which consisted of approximately $8.6 million gain in change in fair value of derivative warrant liabilities, partially offset by $1.0 million in general and administrative expenses.

21The Company was subject to a U.S. federal income tax withholding tax related to other income received. See Note 1.

~~Related Party Transactions~~

~~Founder~~Net ~~Shares~~Income (loss) per Ordinary Share

On July 2, 2020, we issued 14,375,000 Class B ordinary shares to our sponsor in exchange for a capital contribution of $25,000. Our sponsor agreed to forfeit up to an aggregate of 1,875,000 founder shares to the extent that the option to purchase additional units is not exercised in full by the underwriters or is reduced, so that the founder shares would represent 20% of our issued and outstanding shares after the initial public offering. On August 25, 2020, in connection with consummation of the affiliated units, our sponsor surrendered 581,250 founder shares to us for no consideration. On August 26, 2020, the underwriters partially exercised their over-allotment option, which rendered 1,099,608 founder shares no longer subject to forfeiture. As a result, 194,142 Class B ordinary shares remained subject to forfeiture. On October 4, 2020, these shares were forfeited as the remainder of the over-allotment option expired unexercised. As of March 31, 2021 and December 31, 2020, 13,599,608 shares were issued and outstanding and no remaining shares were subject to forfeiture.

~~The~~Net ~~initial~~income ~~shareholders~~per ~~agreed~~common ~~not~~share tois ~~transfer, assign~~computed orby ~~sell~~dividing ~~any~~net ofincome ~~their founder shares until earlier to occur of:~~ (Aloss) ~~one~~ ~~year~~by ~~after~~ the ~~completion~~weighted ofaverage ~~the~~number ~~initial~~of ~~business~~shares ~~combination or~~of ~~earlier~~ordinary ~~if,~~shares ~~subsequent~~outstanding toduring the ~~initial~~period. ~~business~~The ~~combination,~~calculation ~~the closing price~~ of ~~the~~diluted ~~Class A~~net ~~ordinary~~income ~~shares~~(loss) ~~equals or exceeds $12.00~~ per ordinary share ~~(as~~does ~~adjusted~~not ~~for~~consider ~~share~~the ~~sub-divisions,~~effect ~~capitalization~~ of ~~shares,~~the ~~share~~warrants ~~dividends,~~issued ~~rights~~in ~~issuances,~~connection ~~subdivisions~~with ~~reorganizations, recapitalizations and~~ the ~~like~~(i) ~~for~~Initial ~~any~~Public 20Offering, ~~trading~~(ii) ~~days~~exercise ~~within~~of ~~any 30~~over-~~trading~~allotment ~~day period commencing at least 150 days after the initial business combination,~~ and (Biii) ~~the~~ ~~date~~Private ~~following~~Placement since the ~~completion~~exercise of the ~~initial~~warrants ~~business~~are ~~combination~~contingent onupon ~~which~~ the ~~company~~occurrence ~~completes a~~of ~~liquidation,~~future ~~merger,~~events ~~share~~and ~~exchange~~the orinclusion ~~other~~of ~~similar~~such ~~transaction~~warrants ~~that~~would ~~results~~be inanti-dilutive ~~all~~as of the ~~company’s~~exercise ~~shareholders~~price ~~having~~of the ~~right~~ towarrants ~~exchange~~is ~~their~~in ~~Class A~~excess ~~ordinary~~of ~~shares~~the ~~for~~average ~~cash,~~ordinary ~~securities~~share orprice ~~other~~for ~~property~~the period.

~~Private Placement~~

AsThe aCompany’s ~~result~~unaudited condensed statements of ~~the~~operations ~~purchase~~include a presentation of ~~the~~net ~~affiliated units~~income by(loss) anper ~~affiliate~~share offor ~~our~~Class ~~sponsor,~~A ordinary shares in a manner similar to the ~~number~~two-class method of ~~private~~net ~~placement~~income ~~warrants~~(loss) ~~purchased~~per byordinary ~~our~~share. ~~sponsor~~Net ~~was~~income ~~reduced~~(loss) toper ~~account~~ordinary share, basic and diluted, for ~~the corresponding~~Class ~~reduction~~A inordinary ~~underwriting~~shares ~~discounts~~is ~~payable~~calculated ~~upon~~by ~~completion~~dividing the ~~initial~~net ~~public~~gain ~~offering.~~on Oninvestments ~~August 25,~~held ~~2020~~in the Trust Account, ~~simultaneous with~~plus ~~the~~other ~~consummation~~income ofallocable ~~the~~to ~~initial~~Class ~~public~~A ~~offering~~ordinary shares, weless ~~consummated~~interest ~~the~~available ~~private~~to ~~placement~~be withdrawn for the payment of 5taxes,~~933,333~~ ~~private~~by ~~placement~~the ~~warrants~~weighted ~~at a~~average ~~price~~number of ~~$1.50~~Class ~~per~~A ~~private~~ordinary ~~placement~~shares ~~warrant,~~outstanding ~~generating~~for ~~total~~the ~~proceeds of $8~~periods.9 ~~million.~~Net Inincome ~~connection~~(loss) ~~with~~per ~~the~~ordinary ~~consummation~~share, ofbasic ~~the over-allotment~~and ~~option~~diluted, ~~our~~for ~~sponsor~~Class ~~purchased~~B anordinary ~~additional~~shares ~~586,458~~is ~~private~~calculated ~~placement~~by ~~warrants~~dividing atthe anet ~~price~~income of(loss), ~~$1.50~~adjusted ~~per~~for ~~private~~income ~~placement warrant~~attributable to Class A ordinary shares, ~~generating~~by ~~additional~~the ~~total~~weighted ~~proceeds~~average number of ~~approximately~~Class ~~$0.9~~B ~~million.~~ordinary Ashares ~~portion~~outstanding offor the ~~proceeds~~periods. ~~from~~Class ~~the~~B ~~sale~~ordinary ofshares include the ~~private~~Founder ~~placement warrants~~Shares toas ~~our~~these ~~sponsor~~shares ~~was~~do ~~added~~not tohave ~~the~~any ~~proceeds~~redemption ~~from~~features and do not participate in the ~~initial~~net ~~public~~gain ~~offering~~on investments held in the ~~trust~~Trust ~~account~~Account.

Each whole private placement warrant is exercisable for one whole share of Class A ordinary shares at a price of $11.50 per share. If we do not complete a business combination within the combination period, the private placement warrants will expire worthless. The private placement warrants will be non-redeemable except as described in the accompanying financial statements, and exercisable on a cashless basis so long as they are held by our sponsor or its permitted transferees.

~~Our~~The ~~sponsor~~following ~~and~~table reflects the ~~company’s~~calculation ~~officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any~~ of ~~their~~basic ~~private~~and ~~placement~~diluted ~~warrants~~net ~~until~~income 30(loss) ~~days after~~per ~~the~~ordinary ~~completion of the initial business combination.~~share:

~~Related Party Loans~~

On July 2, 2020, the sponsor agreed to loan us up to $300,000 to be used for the payment of costs related to the initial public offering pursuant to a promissory note. The note was non-interest bearing, unsecured and due upon the closing of the initial public offering. We borrowed approximately $185,000 under the note, and fully repaid the note on August 28, 2020.


	For the Three		For the Six
	Months Ended		Months Ended
	June 30, 2021		June 30, 2021
Class A ordinary shares
Numerator: Income allocable to Class A ordinary shares
Net gain from investments held in Trust Account	$	8,215	$	16,251
Other income, net of tax		17,500,000		17,500,000
Less: Company's portion available to be withdrawn to pay taxes		—		—
Net income attributable to Class A ordinary shares	$	17,508,215	$	17,516,251
Denominator: Weighted average Class A ordinary shares
Basic and diluted weighted average shares outstanding, Class A ordinary shares		54,398,433		54,398,433
Basic and diluted net income per share, Class A ordinary shares	$	0.32	$	0.32

Class B ordinary shares
Numerator: Net income (loss) minus net income allocable to Class A ordinary shares
Net income (loss)	$	(534,308)	$	7,139,627
Net income allocable to Class A ordinary shares		(17,508,215)		(17,516,251)
Net income (loss) attributable to Class B ordinary shares	$	(18,042,523)	$	(10,376,624)
Denominator: weighted average Class B ordinary shares
Basic and diluted weighted average shares outstanding, Class B ordinary shares		13,599,608		13,599,608
Basic and diluted net income (loss) per share, Class B ordinary shares	$	(1.33)	$	(0.76)

In addition, in order to fund working capital deficiencies or finance transaction costs in connection with a business combination, our sponsor or an affiliate of our sponsor, or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete a business combination, we may repay the working capital loans out of the proceeds of the trust account released to us. Otherwise, the working capital loans may be repaid only out of funds held outside the trust account. In the event that a business combination does not close, we may use a portion of proceeds held outside the trust account to repay the working capital loans but no proceeds held in the trust account would be used to repay the working capital loans. The working capital loans would either be repaid upon consummation of a business combination, without interest, or, at the lenders’ discretion, up to $1.5 million of such working capital loans may be convertible into warrants of the post business combination entity at a price of $1.50 per warrant. The warrants would be identical to the private placement warrants. Except for the foregoing, the terms of such working capital loans, if any, have not been determined and no written agreements exist with respect to such loans. As of March 31, 2021 and December 31, 2020, the company had no borrowings under the working capital loans.12

~~Administrative~~Table ~~Services~~of ~~Agreement~~Contents

~~Commencing~~HORIZON onACQUISITION the date that our securities were first listed on the NYSE through the earlier of consummation of the initial business combination or the liquidation, we agreed to pay our sponsor $10,000 per month for office space, utilities, secretarial and administrative support services provided to our management team. From the date the securities were first listed on the NYSE through March 31, 2021, our sponsor waived the fee.CORPORATION

InNOTES ~~addition,~~TO ~~our~~UNAUDITED ~~sponsor,~~CONDENSED ~~officers~~FINANCIAL and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. The audit committee will review on a quarterly basis all payments that were made by us to our sponsor, officers or directors, or their affiliates. Any such payments prior to an initial business combination will be made from funds held outside the trust account.STATEMENTS

~~Commitments and Contingencies~~

~~Registration~~Recent ~~and~~Accounting ~~Shareholder Rights~~Pronouncements

The holders of the founder shares, private placement warrants and warrants that may be issued upon conversion of working capital loans (and any Class A ordinary shares issuable upon the exercise of the private placement warrants and warrants that may be issued upon conversion of working capital loans) are entitled to registration rights pursuant to a registration rights agreement. The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial business combination. We will bear the expenses incurred in connection with the filing of any such registration statements.

~~Underwriting~~In ~~Agreement~~August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. The ASU also removes certain settlement conditions that are required for equity-linked contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. The Company early adopted the ASU on January 1, 2021. Adoption of the ASU did not impact the Company’s financial position, results of operations or cash flows.

We granted the underwriters a 45-day option from the date of the prospectus to purchase up to 7,500,000 additional units at the initial public offering price less the underwriting discounts and commissions. On August 26, 2020, the company issued an additional of 4,398,433 units at the initial public offering price at $10.00 per unit pursuant to the partial exercise of the underwrites’ over-allotment option.

~~The~~Management ~~underwriter~~does ~~was~~not ~~entitled~~believe tothat anany ~~underwriting discount~~recently ~~of $0.20 per unit~~issued, orbut ~~$6.9~~not ~~million~~yet ~~in the aggregate~~effective, ~~paid~~accounting ~~upon~~standards ~~the~~updates, ~~closing~~if ofcurrently ~~the initial public offering. In addition~~adopted, ~~$0.35 per~~would ~~unit,~~have or approximately $12.1 million in the aggregate will be payable to the underwriter for deferred underwriting commissions. The deferred fee will become payable to the underwriter from the amounts held in the trust account solely in the event we complete a ~~business combination,~~material ~~subject~~effect toon the ~~terms~~accompanying offinancial ~~the underwriting agreement~~statement.

In connection with the consummation of the sale of units pursuant to the over-allotment option on August 26, 2020, the underwriters were entitled to an additional fee of approximately $0.9 million paid upon closing and an additional deferred underwriting commissions of approximately $1.5 million.

~~Critical~~Note ~~Accounting~~3 ~~Policies~~— ~~and~~Initial ~~Estimates~~Public Offering

This management’s discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in our financial statements. On an ongoing basis, we evaluate our estimates and judgments, including those related to fair value of financial instruments and accrued expenses. We base our estimates on historical experience, known trends and events and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the following as our critical accounting policies:

~~Investments~~On ~~Held~~August 25, 2020, the Company consummated its Initial Public Offering of 50,000,000 Units, at $10.00 per Unit, generating gross proceeds of $500.0 million, and incurring offering costs of approximately $19.6 million, inclusive of approximately $12.1 million in deferred underwriting commissions. The Sponsor purchased 15,500,000 Units (the ~~Trust~~“Affiliated ~~Account~~Units”) at the Initial Public Offering price. The underwriters did not receive any underwriting discounts or commissions on the Affiliated Units.

Our portfolio of investments held in the trust account is comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof. The investments held in the trust account are classified as trading securities. Trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in net gain on investments held in trust account in the accompanying statements of operations. The estimated fair values of investments held in the trust account are determined using available market information.

~~Class~~On August A26, ~~Ordinary~~2020, ~~Shares~~the ~~Subject~~Company issued an additional of 4,398,433 Units at the Initial Public Offering price at $10.00 per Unit pursuant to ~~Possible Redemption~~the exercise by the underwriters of a portion of their over-allotment option, generating additional gross proceeds of approximately $44.0 million, and incurring additional offering costs of approximately $2.4 million, inclusive of an additional of approximately $1.5 million in deferred underwriting commissions.

Shares of Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Shares of conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) are classified as temporary equity. At all other times, shares of Class A ordinary shares are classified as shareholders’ equity. Our Class A ordinary shares features certain redemption rights that are considered to be outside of our control and subject to the occurrence of uncertain future events. Accordingly, at March 31, 2021 and December 31, 2020, 49,814,654 and 49,047,261 shares of Class A ordinary shares subject to possible redemption, respectively, are presented as temporary equity, outside of the shareholders’ equity section of the accompanying balance sheets.

~~Derivative~~Each Unit will consist of one Class A ordinary share and one-third of one redeemable warrant (“Public Warrant”). ~~liabilities~~Each whole Public Warrant will entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note 8).

We do not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. We evaluate all of our financial instruments, including issued warrants to purchase Class A ordinary shares, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815-15. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.

WeNote ~~issued~~4 ~~18,132,811 ordinary~~— ~~shares warrants to investors and 6,519,791~~ Private Placement Warrants. All of our outstanding warrants are recognized as derivative liabilities in accordance with ASC 815-40. Accordingly, we recognize the warrant instruments as liabilities at fair value and adjust the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in our statement of operations. The fair value of warrants issued in connection with the Initial Public Offering, exercise of the over-allotment option and Private Placement were initially and subsequently measured at fair value using a Monte Carlo simulation model. Beginning as of December 31, 2020, the fair value of Public Warrants have been measured based on the listed market price of such the Public Warrants. The Private Placement Warrants continue to be measured at fair value using a Monte Carlo simulation model through March 31, 2021.

~~Net~~As ~~Income~~a ~~(Loss)~~result ~~Per~~of ~~Ordinary~~the ~~Share~~purchase of the Affiliated Units by the Sponsor, the number of Private Placement Warrants purchased by the Sponsor was reduced to account for the corresponding reduction in underwriting discounts payable upon completion the Initial Public Offering. On August 25, 2020, simultaneous with the consummation of the Initial Public Offering, the Company consummated the Private Placement of 5,933,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, generating total proceeds of $8.9 million. In connection with the partial exercise of the over-allotment option, the Sponsor purchased an additional 586,458 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, generating additional total proceeds of approximately $0.9 million. A portion of the proceeds from the sale of the Private Placement Warrants to the Sponsor was added to the proceeds from the Initial Public Offering held in the Trust Account.

We comply with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) per common share is computed by dividing net loss by the weighted average number of shares of ordinary shares outstanding during the period. We have not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 24,652,602 of our ordinary shares in the calculation of diluted loss per share, since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive.

~~Our~~Each ~~statement~~whole ofPrivate ~~operations includes~~Placement aWarrant ~~presentation~~is ofexercisable ~~income~~for ~~(loss)~~one ~~per~~whole ~~share~~Class A ~~for~~ ordinary ~~shares~~share ~~subject~~at ~~to redemption in~~ a ~~manner~~price ~~similar to the two-class method~~ of ~~income~~$11.50 per share. ~~Net~~If ~~income~~the ~~per~~Company ~~share,~~does ~~basic~~not ~~and~~complete ~~diluted~~a ~~for~~Business ~~Class A~~Combination ~~ordinary~~within ~~shares is calculated by dividing~~ the ~~investment income~~Combination ~~earned on the trust account~~Period, by the ~~weighted~~Private ~~average~~Placement ~~number~~Warrants ofwill ~~shares~~expire ofworthless. ~~Class A~~The ~~ordinary~~Private ~~shares~~Placement ~~outstanding~~Warrants ~~since~~are ~~the~~non-redeemable ~~initial issuance.~~except ~~Net~~as ~~loss~~described ~~per~~below ~~share, basic~~ and ~~diluted~~exercisable ~~for~~on ~~Class B~~a ~~ordinary~~cashless ~~shares~~basis isso ~~calculated~~long byas ~~dividing~~they ~~the~~are ~~net~~held ~~loss, less income attributable to Class A ordinary shares,~~ by the ~~weighted~~Sponsor ~~average~~or ~~number~~its ofpermitted ~~shares of Class B ordinary shares outstanding for the period~~transferees.

~~Recent Adopted Accounting Standards~~

InThe ~~August 2020, the~~Sponsor ~~FASB issued ASU No. 2020-06, Debt—Debt with Conversion~~ and ~~Other~~the ~~Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity~~Company’s ~~Own~~officers ~~Equity (Subtopic 815-40): Accounting for Convertible Instruments~~ and ~~Contracts~~directors ~~in an Entity’s Own Equity~~agreed, ~~which~~subject ~~simplifies~~to ~~accounting~~limited ~~for~~exceptions, ~~convertible~~not ~~instruments by removing major separation models required under current GAAP. The ASU also removes certain settlement conditions that are required for equity-linked contracts~~ to ~~qualify~~transfer, ~~for~~assign ~~the~~or ~~derivative~~sell ~~scope~~any ~~exception and~~of ittheir ~~also~~Private ~~simplifies~~Placement ~~the~~Warrants ~~diluted~~until ~~earnings per share calculation in certain areas.~~30 Wedays ~~early~~after ~~adopted~~ the ~~ASU~~completion ~~on January 1, 2021. Adoption~~ of the ~~ASU~~initial ~~did~~Business ~~not impact our financial position, results of operations or cash flows~~Combination.

~~Recent Issued Accounting Standards~~

Our management does not believe that any recently issued, but not yet effective, accounting standards updates, if currently adopted, would have a material effect on the accompanying financial statement.13

~~Off-Balance~~Table ~~Sheet~~of ~~Arrangements~~Contents

AsHORIZON ofACQUISITION ~~March 31, 2021, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.~~CORPORATION

~~JOBS~~NOTES ~~Act~~TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

The Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) contains provisions that, among other things, relax certain reporting requirements for qualifying public companies. We qualify as an “emerging growth company” and under the JOBS Act are allowed to comply with new or revised accounting pronouncements based on the effective date for private (not publicly traded) companies. We are electing to delay the adoption of new or revised accounting standards, and as a result, we may not comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies. As a result, the financial statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective dates.

~~Additionally,~~Note we5 ~~are~~— inRelated ~~the~~Party process of evaluating the benefits of relying on the other reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the JOBS Act, if, as an “emerging growth company,” we choose to rely on such exemptions we may not be required to, among other things, (i) provide an auditor’s attestation report on our system of internal controls over financial reporting pursuant to Section 404, (ii) provide all of the compensation disclosure that may be required of non-emerging growth public companies under the Dodd-Frank Wall Street Reform and Consumer Protection Act, (iii) comply with any requirement that may be adopted by the PCAOB regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (auditor discussion and analysis) and (iv) disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation. These exemptions will apply for a period of five years following the completion of our Initial Public Offering or until we are no longer an “emerging growth company,” whichever is earlier.Transactions

~~Item~~Founder ~~3. Quantitative and Qualitative Disclosures About Market Risk~~Shares

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information otherwise required under this item. As of March 31, 2021, we were not subject to any market or interest rate risk. The net proceeds of the Initial Public Offering, including amounts in the Trust Account, will be invested in U.S. government securities with a maturity of 185 days or less or in money market funds that meet certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended, that invest only in direct U.S. government treasury obligations. Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate risk.

WeOn ~~have~~July ~~not~~2, ~~engaged~~2020, the Sponsor paid an aggregate of $25,000 for certain expenses on behalf of the Company in ~~any~~exchange ~~hedging~~for ~~activities since~~issuance ~~our~~of ~~inception~~14,375,000 ~~and~~Class weB doordinary ~~not~~shares ~~expect~~(the “founder shares”). The Sponsor agreed to ~~engage~~forfeit up to an aggregate of 1,875,000 founder shares to the extent that the option to purchase additional units was not exercised in ~~any~~full ~~hedging~~by ~~activities~~the underwriters or was reduced, so that the founder shares would represent 20% of the Company’s issued and outstanding shares after the Initial Public Offering. On August 25, 2020, in connection with ~~respect~~the topurchase of the ~~market~~Affiliated ~~risk~~Units, the Sponsor surrendered 581,250 founder shares to the Company for no consideration. On August 26, 2020, the underwriters partially exercised their over-allotment option, which weresulted ~~are~~in ~~exposed~~1,099,608 founder shares no longer being subject to forfeiture. On October 4, 2020, 194,142 shares were forfeited as the remainder of the over-allotment option expired unexercised. As a result, as of June 30, 2021 and December 31, 2020, no remaining Class B ordinary shares were subject to forfeiture.

~~Item 4. Controls and Procedures~~

~~Evaluation~~The Initial Shareholders agreed not to transfer, assign or sell any of ~~Disclosure~~their ~~Controls~~founder shares until the earlier to occur of: (i) one year after the completion of the initial Business Combination or earlier if, subsequent to the initial Business Combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, capitalization of shares, share dividends, rights issuances, subdivisions reorganizations, recapitalizations and ~~Procedures~~the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, and (ii) the date following the completion of the initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.

Under the supervision and with the participation of our management, including our principal executive officer and principal financial and accounting officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal quarter ended March 31, 2021, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act) were not effective as of March 31, 2021, due solely to the material weakness in our internal control over financial reporting described in “Management's Report on Internal Control over Financial Reporting” included in our Annual Report on Form 10-K/A as filed with the SEC on May 7, 2021. In light of this material weakness, we performed additional analysis as deemed necessary to ensure that our unaudited interim financial statements were prepared in accordance with U.S. generally accepted accounting principles. Accordingly, management believes that the financial statements included in this Quarterly Report on Form 10-Q present fairly in all material respects our financial position, results of operations and cash flows for the period presented.

~~Disclosure~~Related ~~controls~~Party and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.Loans

~~Changes in Internal Control over Financial Reporting~~

~~There was~~On ~~no change in our internal control over financial reporting that occurred during the three months ended March~~July 312, ~~2021~~2020, ~~covered by~~the ~~this~~Sponsor ~~Quarterly Report on Form 10-Q~~agreed ~~that~~to ~~has~~loan ~~materially~~the ~~affected,~~Company orup ~~is reasonably likely~~ to ~~materially affect~~$300, ~~our~~000 ~~internal~~to ~~control~~be ~~over~~used ~~financial~~for ~~reporting, as~~ the ~~circumstances~~payment ~~that~~of ~~led~~costs related to the ~~restatement~~Initial ~~of our~~Public ~~financial~~Offering ~~statements~~pursuant ~~had~~to ~~not~~a ~~yet~~promissory ~~been~~note ~~identified. Management has implemented remediation steps to address~~ (the ~~material~~“Note”). ~~weakness~~The ~~and to~~Note is ~~improve~~non-interest ~~our internal control over financial reporting. Specifically~~bearing, weunsecured ~~expanded~~ and ~~improved~~due ~~our~~upon ~~review~~the ~~process~~closing ~~for~~of ~~complex~~the ~~securities and~~Initial ~~related~~Public ~~accounting standards~~Offering. WeThe ~~plan~~Company toborrowed ~~further~~approximately ~~improve this process by enhancing access to accounting literature~~$185,000 ~~identification of~~under ~~third-party professionals with whom to consult regarding complex accounting applications and consideration of additional staff with~~ the ~~requisite~~Note, ~~experience~~ and ~~training~~fully torepaid ~~supplement~~this ~~existing~~balance ~~accounting~~on ~~professionals~~August 28, 2020.

~~PART~~In addition, in order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company may repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans may be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lenders’ discretion, up to $1.5 IImillion -of ~~OTHER~~such ~~INFORMATION~~Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.50 per warrant. The warrants would be identical to the Private Placement Warrants. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. As of June 30, 2021 and December 31, 2020, the Company had no borrowings under the Working Capital Loans.

~~Item 1. Legal Proceedings~~

~~None.~~Administrative Support Agreement

~~Item 1A. Risk Factors~~

AsThe Company agreed to pay the Sponsor a total of $10,000 per month, commencing on the date of ~~this~~listing ~~Quarterly~~on ~~Report~~the onNYSE, ~~Form 10-Q~~for office space, ~~there~~ ~~have~~utilities, ~~been~~secretarial noand ~~material~~administrative ~~changes~~support services provided to members of the ~~risk~~management ~~factors~~team. ~~disclosed~~Upon incompletion ~~our~~of ~~Form 10-K-A~~the ~~filed~~initial ~~with~~Business ~~the~~Combination ~~SEC~~or onthe ~~May 7~~Company’s liquidation, ~~2021.~~the WeCompany ~~may disclose~~will ~~changes~~cease topaying ~~such~~these monthly ~~factors~~fees. orFrom ~~disclose~~the ~~additional~~date ~~factors~~the ~~from~~securities ~~time~~were tofirst ~~time~~listed inon ~~our~~the ~~future~~NYSE ~~filings~~through ~~with~~June 30, 2021, the ~~SEC~~Sponsor waived this fee.

~~Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.~~

~~None.~~14

~~Item~~Table 3.of ~~Defaults upon Senior Securities~~Contents

~~None.~~HORIZON ACQUISITION CORPORATION

~~Item~~NOTES 4.TO ~~Mine~~UNAUDITED ~~Safety~~CONDENSED ~~Disclosures.~~FINANCIAL STATEMENTS

~~Not applicable.~~

~~Item~~In 5addition, the Sponsor, officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on the Company’s behalf such as identifying potential target businesses and performing due diligence on suitable Business Combinations. ~~Other~~The ~~Information~~Audit Committee of the Board of Directors will review on a quarterly basis all payments that are made by the Company to the Sponsor, officers or directors, or their affiliates. Any such payments prior to an initial Business Combination will be made from funds held outside the Trust Account.

~~None.~~

~~Item~~Note 6. ~~Exhibits.~~— Commitments and Contingencies

Exhibit Number		Description
31.1*		Certification of Chief Executive Officer (Principal Executive Officer and Chief Financial Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Chief Executive Officer (Principal Executive Officer and Chief Financial Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS		XBRL Instance Document
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document

*Registration ~~These certifications are furnished to the SEC pursuant to Section 906 of the Sarbanes-Oxley Act of 2002~~ and ~~are~~Shareholder deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.Rights

~~SIGNATURE~~The holders of the founder shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans) are entitled to registration rights pursuant to a registration and shareholder rights agreement. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~

Dated: May 24, 2021	HORIZON ACQUISITION CORPORATION
	By:	/s/ Todd L. Boehly
	Name:	Todd L. Boehly
	Title:	Chief Executive Officer

Underwriting Agreement

The underwriters were entitled to an underwriting discount of $0.20 per unit, or $6.9 million in the aggregate, paid upon the closing of the Initial Public Offering. In addition, $0.35 per unit, or approximately $12.1 million in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

Risks and Uncertainties

Note 7 — Derivative Warrant Liabilities

As of June 30, 2021 and December 31, 2020, the Company had 18,132,811 and 6,519,791 Public Warrants and Private Placement Warrants, respectively, outstanding.

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HORIZON ACQUISITION CORPORATION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

The warrants have an exercise price of $11.50 per share, subject to adjustments, and will expire five years after the completion of the initial Business Combination or earlier upon redemption or liquidation. In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Initial Shareholders or their affiliates, without taking into account any founder shares held by the Initial Shareholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the consummation of the initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of Class A ordinary shares during the 10-trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price See “- Redemption of warrants when the price per class A ordinary share equals or exceeds $18.00” and “- Redemption of warrants when the price per class A ordinary share equals or exceeds $10.00” as described below.

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HORIZON ACQUISITION CORPORATION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00:

Once the warrants become exercisable, the Company may call the outstanding warrants for redemption (except as described herein with respect to the Private Placement Warrants):

●

in whole and not in part;

●

at a price of $0.01 per warrant;

●

upon a minimum of 30 days’ prior written notice of redemption to each warrant holder; and

●

if, and only if, the last reported sale price (the “closing price”) of Class A ordinary shares equals or exceeds $18.00 per share (as adjusted) for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.

Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00:

Once the warrants become exercisable, the Company may call the outstanding warrants for redemption (except as described herein with respect to the Private Placement Warrants):

●

in whole and not in part;

●

at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of Class A ordinary shares to be determined by reference to an agreed table based on the redemption date and the “fair market value” of Class A ordinary shares;

●

if, and only if, the closing price of Class A ordinary shares equals or exceeds $10.00 per share (as adjusted) for any 20 trading days within the 30-trading day period ending three trading days before the Company sends the notice of redemption to the warrant holders; and

●

if the closing price of the Class A ordinary shares for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders is less than $18.00 per share (as adjusted), the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above.

In no event will the Company be required to net cash settle any warrant. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

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HORIZON ACQUISITION CORPORATION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

Note 8 — Shareholders’ Equity

Preference Shares - The Company is authorized to issue 1,000,000 preference with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of June 30, 2021 and December 31, 2020, there were no preference shares issued or outstanding.

Class A Ordinary Shares — The Company is authorized to issue 400,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. As of June 30, 2021, there were 54,398,433 Class A ordinary shares issued and outstanding, including 49,761,224 Class A ordinary shares subject to possible redemption and have been reflected as temporary equity on the condensed balance sheet. As of December 31, 2020, there were 54,398,433 Class A ordinary shares issued and outstanding, including 49,047,261 Class A ordinary shares subject to possible redemption and have been reflected as temporary equity on the condensed balance sheet.

Class B Ordinary Shares — The Company is authorized to issue 40,000,000 Class B ordinary shares with a par value of $0.0001 per share. As of June 30, 2021 and December 31, 2020, there were 13,599,608 Class B ordinary shares outstanding, and no shares were subject to forfeiture.

Ordinary shareholders of record are entitled to one vote for each share held on all matters to be voted on by shareholders and holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of the shareholders except as required by law; provided that only holders of Class B ordinary shares will have the right to vote on the appointment of directors prior to, or in connection with, the completion of the initial Business Combination.

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HORIZON ACQUISITION CORPORATION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

Note 9 — Fair Value Measurements

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.


June 30, 2021
	Quoted Prices in Active		Significant Other		Significant Other
	Markets		Observable Inputs		Unobservable Inputs
Description	(Level 1)		(Level 2)		(Level 3)
Assets
Money market securities held in Trust Account	$	544,019,046	$	—	$	—

Liabilities
Derivative warrant liabilities -Public Warrants	$	32,276,400	$	—	$	—
Derivative warrant liabilities -Private Warrants	$	—	$	—	$	11,605,230


December 31, 2020
	Quoted Prices in Active		Significant Other		Significant Other
	Markets		Observable Inputs		Unobservable Inputs
Description	(Level 1)		(Level 2)		(Level 3)
Assets
Money market securities held in Trust Account	$	544,002,795	$	—	$	—

Liabilities
Derivative warrant liabilities -Public Warrants	$	26,292,580	$	—	$	—
Derivative warrant liabilities -Private Warrants	$	—	$	—	$	9,453,700

Transfers to/from Levels 1, 2, and 3 are recognized at the beginning of the reporting period. During the three and six months ended June 30, 2021 there were no transfers to/from Levels 1, 2, and 3.

Level 1 assets include investments in mutual funds that invest in government securities. The Company uses inputs such as actual trade data, benchmark yields, quoted market prices from dealers or brokers, and other similar sources to determine the fair value of its investments.

The fair value of the Private Placement Warrants was initially and subsequently (each measurement date) measured using a Monte Carlo simulation model. The fair value of the Public Warrants were initially and subsequently measured at fair value using the Monte Carlo simulation model. Beginning as of December 31, 2020, the Public Warrants have been measured based on the listed market price of such warrants, a Level 1 measurement. For the three and six months ended June 30, 2021, the Company recognized a charge to the condensed statements of operations resulting from an increase in the fair value of liabilities of approximately $16.8 million and $8.1 million, respectively, presented as change in fair value of derivative warrant liabilities on the accompanying unaudited condensed statements of operations.

The estimated fair value of the Private Placement Warrants is determined using Level 3 inputs. Inherent in a Monte Carlo simulation are assumptions related to expected stock-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its ordinary share warrants based on implied volatility from the Company’s traded warrants and from historical volatility of select peer company’s ordinary share that matches the expected remaining life of the warrants. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the warrants. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates remaining at zero.

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HORIZON ACQUISITION CORPORATION

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:


	6/30/2021			3/31/2021			12/31/2020
Volatility		25.86	%		17.70	%		22.10	%
Share price	$	9.95		$	9.88		$	10.02
Risk-free rate		0.87	%		0.92	%		0.36	%
Dividend yield		0.0	%		0.0	%		0.0	%

The change in the fair value of the derivative warrant liabilities for the period for the six months ended June 30, 2021 is summarized as follows:


	Public warrants		Private Warrants		Total
Warrant liabilities at December 31, 2020	$	26,292,580	$	9,453,700	$	35,746,280
Change in fair value of warrant liabilities		(6,346,490)		(2,281,930)		(8,628,420)
Warrant liabilities at March 31, 2021	$	19,946,090	$	7,171,770	$	27,117,860
Change in fair value of warrant liabilities		12,330,310		4,433,460		16,763,770
Warrant liabilities at June 30, 2021	$	32,276,400	$	11,605,230	$	43,881,630

Note 10 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred up to the date unaudited condensed financial statements were available to be issued. Based upon this review, except as set forth above, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed financial statements.

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Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Cautionary Note Regarding Forward-Looking Statements

Overview

Our registration statement for the initial public offering became effective on August 20, 2020. On August 25, 2020, we consummated the initial public offering of 50,000,000 units, at $10.00 per unit, generating gross proceeds of $500.0 million, and incurring offering costs of approximately $19.6 million, inclusive of approximately $12.1 million in deferred underwriting commissions. On August 26, 2020, the company issued an additional of 4,398,433 units at the initial public offering price at $10.00 per unit pursuant to the exercise by the underwriters of a portion of their over-allotment option, generating additional gross proceeds of approximately $44.0 million, and incurring additional offering costs of approximately $2.4 million, inclusive of an additional of approximately $1.5 million in deferred underwriting commissions.

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If we are unable to complete a business combination within 24 months from the closing of the initial public offering, or August 25, 2022, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (which interest shall be net of taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the board of directors, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to our obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law.

Proposed Business Combination

On April 21, 2021, we entered into a Transaction Agreement with Hoya Topco, LLC (“Topco”), a Delaware limited liability company, Hoya Intermediate, LLC (“Intermediate”), a Delaware limited liability company, and Vivid Seats Inc. (“VS PubCo”), a Delaware corporation and a direct wholly owned subsidiary of Intermediate, pursuant to which the Company will merge with and into VS PubCo, and VS PubCo will be the surviving corporation of the merger. For further details on the contemplated merger, please see the Form 8-K filed with the Securities and Exchange Commission on April 22, 2021.

Liquidity and Capital Resources

As of June 30, 2021, we had approximately $18.1 million in our operating bank account and working capital of approximately $16.1 million.

In connection with one of the business combination opportunities initially considered by the Company, on June 11, 2021, the Company received from a third party a payment of $17.5 million (the “Payment”), which is $25 million, net of a 30% U.S. federal income tax withholding tax. The Company is evaluating its ability to recover the tax withholding. The Payment is included in other income on the unaudited condensed statements of operations. The Company expects to declare a dividend to all of its Class A shareholders, in accordance with its organizational documents and applicable law, with a record date of after the completion of any share redemptions in connection with its Proposed Business Combination contemplated by the Transaction Agreement but before the closing date of the Transaction to distribute some or all of the Payment on a pro rata basis to the Horizon Class A shareholders as of such record date.

Based on the foregoing, management believes that we will have sufficient working capital and borrowing capacity from our sponsor or an affiliate of our sponsor or our officers and directors to meet our needs through the earlier of the consummation of a business combination or one year from this filing. Over this time period, we will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial business combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the business combination.

We continue to evaluate the impact of the COVID-19 pandemic and has concluded that the specific impact is not readily determinable as of the date of the condensed balance sheet. The condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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Results of Operations

Our entire activity from inception through June 30, 2021 was in preparation for our formation and the Initial Public Offering, and since the Initial Public Offering our search for an initial Business Combination. We will not be generating any operating revenues until the closing and completion of our initial Business Combination.

For the three months ended June 30, 2021, we had a net loss of approximately $534,000, which consisted of approximately $16.8 million loss in change in fair value of derivative warrant liabilities, approximately $1.3 million in general and administrative expenses, offset by $17.5 million of other income, net of tax and approximately $8,000 net gain from investments held in Trust Account.

For the six months ended June 30, 2021, we had net income of approximately $7.1 million, which consisted of $17.5 million of other income, net of tax and an approximate $16,000 net gain from investments held in Trust Account, offset by approximately $8.1 million loss in change in fair value of derivative warrant liabilities and approximately $2.2 million in general and administrative expenses.

Related Party Transactions

Founder Shares

On July 2, 2020, we issued 14,375,000 Class B ordinary shares to our sponsor in exchange for a capital contribution of $25,000. Our sponsor agreed to forfeit up to an aggregate of 1,875,000 founder shares to the extent that the option to purchase additional units is not exercised in full by the underwriters or is reduced, so that the founder shares would represent 20% of our issued and outstanding shares after the initial public offering. On August 25, 2020, in connection with consummation of the affiliated units, our sponsor surrendered 581,250 founder shares to us for no consideration. On August 26, 2020, the underwriters partially exercised their over-allotment option, which rendered 1,099,608 founder shares no longer subject to forfeiture. As a result, 194,142 Class B ordinary shares remained subject to forfeiture. On October 4, 2020, these shares were forfeited as the remainder of the over-allotment option expired unexercised. As of June 30, 2021 and December 31, 2020, 13,599,608 shares were issued and outstanding and no remaining shares were subject to forfeiture.

The initial shareholders agreed not to transfer, assign or sell any of their founder shares until earlier to occur of: (A) one year after the completion of the initial business combination or earlier if, subsequent to the initial business combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, capitalization of shares, share dividends, rights issuances, subdivisions reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial business combination, and (B) the date following the completion of the initial business combination on which the company completes a liquidation, merger, share exchange or other similar transaction that results in all of the company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.

Private Placement

As a result of the purchase of the affiliated units by an affiliate of our sponsor, the number of private placement warrants purchased by our sponsor was reduced to account for the corresponding reduction in underwriting discounts payable upon completion the initial public offering. On August 25, 2020, simultaneous with the consummation of the initial public offering, we consummated the private placement of 5,933,333 private placement warrants at a price of $1.50 per private placement warrant, generating total proceeds of $8.9 million. In connection with the consummation of the over-allotment option, our sponsor purchased an additional 586,458 private placement warrants at a price of $1.50 per private placement warrant, generating additional total proceeds of approximately $0.9 million. A portion of the proceeds from the sale of the private placement warrants to our sponsor was added to the proceeds from the initial public offering held in the trust account.

Our sponsor and the company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their private placement warrants until 30 days after the completion of the initial business combination.

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Related Party Loans

In addition, in order to fund working capital deficiencies or finance transaction costs in connection with a business combination, our sponsor or an affiliate of our sponsor, or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete a business combination, we may repay the working capital loans out of the proceeds of the trust account released to us. Otherwise, the working capital loans may be repaid only out of funds held outside the trust account. In the event that a business combination does not close, we may use a portion of proceeds held outside the trust account to repay the working capital loans but no proceeds held in the trust account would be used to repay the working capital loans. The working capital loans would either be repaid upon consummation of a business combination, without interest, or, at the lenders’ discretion, up to $1.5 million of such working capital loans may be convertible into warrants of the post business combination entity at a price of $1.50 per warrant. The warrants would be identical to the private placement warrants. Except for the foregoing, the terms of such working capital loans, if any, have not been determined and no written agreements exist with respect to such loans. As of June 30, 2021 and December 31, 2020, the company had no borrowings under the working capital loans.

Administrative Services Agreement

Commencing on the date that our securities were first listed on the NYSE through the earlier of consummation of the initial business combination or the liquidation, we agreed to pay our sponsor $10,000 per month for office space, utilities, secretarial and administrative support services provided to our management team. From the date the securities were first listed on the NYSE through June 30, 2021, our sponsor waived the fee.

In addition, our sponsor, officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. The audit committee will review on a quarterly basis all payments that were made by us to our sponsor, officers or directors, or their affiliates. Any such payments prior to an initial business combination will be made from funds held outside the trust account.

Commitments and Contingencies

Registration and Shareholder Rights

Underwriting Agreement

The underwriter was entitled to an underwriting discount of $0.20 per unit, or $6.9 million in the aggregate, paid upon the closing of the initial public offering. In addition, $0.35 per unit, or approximately $12.1 million in the aggregate will be payable to the underwriter for deferred underwriting commissions. The deferred fee will become payable to the underwriter from the amounts held in the trust account solely in the event we complete a business combination, subject to the terms of the underwriting agreement.

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Critical Accounting Policies and Estimates

Investments Held in the Trust Account

Our portfolio of investments is comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities and generally have a readily determinable fair value, or a combination thereof. When our investments held in the Trust Account are comprised of U.S. government securities, the investments are classified as trading securities. When our investments held in the Trust Account are comprised of money market funds, the investments are recognized at fair value. Trading securities and investments in money market funds are presented on the condensed balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in net gain on investments held in the Trust Account in the accompanying unaudited condensed statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information.

Class A Ordinary Shares Subject to Possible Redemption

Shares of Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Shares of conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) are classified as temporary equity. At all other times, shares of Class A ordinary shares are classified as shareholders’ equity. Our Class A ordinary shares features certain redemption rights that are considered to be outside of our control and subject to the occurrence of uncertain future events. Accordingly, at June 30, 2021 and December 31, 2020, 49,761,224 and 49,047,261 shares of Class A ordinary shares subject to possible redemption, respectively, are presented as temporary equity, outside of the shareholders’ equity section of the accompanying condensed balance sheets.

Derivative Warrant liabilities

The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC Topic 815, “Derivatives and Hedging” (“ASC 815”). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.

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The Public Warrants and the Private Placement Warrants are recognized as derivative liabilities in accordance with ASC 815. Accordingly, we recognize the warrant instruments as liabilities at fair value and adjusts the carrying value of the instruments to fair value at each reporting period until they are exercised. The change in fair value is recognized in the Company’s condensed statements of operations. The fair value of warrants issued in connection with the Initial Public Offering, exercise of the over-allotment option and Private Placement were initially and subsequently measured at fair value using a Monte Carlo simulation model. Beginning as of December 31, 2020, the fair value of Public Warrants have been measured based on the listed market price of such the Public Warrants. The Private Placement Warrants continue to be measured at fair value using a Monte Carlo simulation model through June 30, 2021. The determination of the fair value of the warrant liability may be subject to change as more current information becomes available and accordingly the actual results could differ significantly. Derivative warrant liabilities are classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities.

Net Income (Loss) Per Ordinary Share

Net income per common share is computed by dividing net income (loss) by the weighted average number of shares of ordinary shares outstanding during the period. The calculation of diluted net income (loss) per ordinary share does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering, (ii) exercise of over-allotment and (iii) Private Placement since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive as the exercise price of the warrants is in excess of the average ordinary share price for the period.

Our unaudited condensed statements of operations include a presentation of net income (loss) per share for Class A ordinary shares in a manner similar to the two-class method of net income (loss) per ordinary share. Net income (loss) per ordinary share, basic and diluted, for Class A ordinary shares is calculated by dividing the net gain on investments held in the Trust Account, plus other income allocable to Class A ordinary shares, less interest available to be withdrawn for the payment of taxes, by the weighted average number of Class A ordinary shares outstanding for the periods. Net income (loss) per ordinary share, basic and diluted, for Class B ordinary shares is calculated by dividing the net income (loss), adjusted for income attributable to Class A ordinary shares, by the weighted average number of Class B ordinary shares outstanding for the periods. Class B ordinary shares include the Founder Shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account.

Recent Accounting Pronouncements

In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. The ASU also removes certain settlement conditions that are required for equity-linked contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. We early adopted the ASU on January 1, 2021. Adoption of the ASU did not impact our financial position, results of operations or cash flows.

Off-Balance Sheet Arrangements

As of June 30, 2021, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.

JOBS Act

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Additionally, we are in the process of evaluating the benefits of relying on the other reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the JOBS Act, if, as an “emerging growth company,” we choose to rely on such exemptions we may not be required to, among other things, (i) provide an auditor’s attestation report on our system of internal controls over financial reporting pursuant to Section 404, (ii) provide all of the compensation disclosure that may be required of non-emerging growth public companies under the Dodd-Frank Wall Street Reform and Consumer Protection Act, (iii) comply with any requirement that may be adopted by the PCAOB regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (auditor discussion and analysis) and (iv) disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation. These exemptions will apply for a period of five years following the completion of our Initial Public Offering or until we are no longer an “emerging growth company,” whichever is earlier.

Item 3.Quantitative and Qualitative Disclosures About Market Risk

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information otherwise required under this item. As of June 30, 2021, we were not subject to any market or interest rate risk. The net proceeds of the Initial Public Offering, including amounts in the Trust Account, will be invested in U.S. government securities with a maturity of 185 days or less or in money market funds that meet certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended, that invest only in direct U.S. government treasury obligations. Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate risk.

We have not engaged in any hedging activities since our inception and we do not expect to engage in any hedging activities with respect to the market risk to which we are exposed.

Item 4.Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial and accounting officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal quarter ended June 30, 2021, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act) were not effective as of June 30, 2021, due solely to the material weakness in our internal control over financial reporting described in “Management’s Report on Internal Control over Financial Reporting” included in our Annual Report on Form 10-K/A as filed with the SEC on May 7, 2021. In light of this material weakness, we performed additional analysis as deemed necessary to ensure that our unaudited interim financial statements were prepared in accordance with U.S. generally accepted accounting principles. Accordingly, management believes that the financial statements included in this Quarterly Report on Form 10-Q present fairly in all material respects our financial position, results of operations and cash flows for the period presented.

Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

During the most recently completed fiscal quarter, there was no change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect our internal control over financial reporting, other than as described herein. Management implemented changes in internal control over financial reporting designed to remediate a material weakness solely related to the presentation of the Company's warrants as equity instead of liability. Specifically, we expanded and improved our review process for complex securities and related accounting standards. We plan to further improve this process by enhancing access to accounting literature, identification of third-party professionals with whom to consult regarding complex accounting applications and consideration of additional staff with the requisite experience and training to supplement existing accounting professionals.

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PART II - OTHER INFORMATION

Item 1.Legal Proceedings

None.

Item 1A. Risk Factors

As of the date of this Quarterly Report on Form 10-Q, there have been no material changes to the risk factors disclosed in our Form 10-K-A filed with the SEC on May 7, 2021. We may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3.Defaults upon Senior Securities

None.

Item 4.Mine Safety Disclosures.

Not applicable.

Item 5.Other Information.

None.

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Item 6.Exhibits.


Exhibit Number		Description
31.1*		Certification of Chief Executive Officer (Principal Executive Officer and Chief Financial Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Chief Executive Officer (Principal Executive Officer and Chief Financial Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS		XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH		XBRL Taxonomy Extension Schema Document
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		XBRL Taxonomy Extension Label Linkbase Document
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

These certifications are furnished to the SEC pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated:	August 6, 2021	HORIZON ACQUISITION CORPORATION

		By:	/s/ Todd L. Boehly
		Name:	Todd L. Boehly
		Title:	Chief Executive Officer

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