Horizon Space Acquisition I CORP

Market Movers (8-K)

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Horizon Space Acquisition I Corp. has issued a $500,000 unsecured promissory note to its sponsor, Horizon Space Acquisition I Sponsor Corp., to fund general working capital.
Capital raise
Horizon Space Acquisition I Corp. has amended its governing documents to extend the deadline for consummating a business combination to June 12, 2027, and to adjust the liquidation timeline of its trust account.
Delay expected
Horizon Space Acquisition I Corp. has issued a supplement to its proxy statement to correct an arithmetic miscalculation regarding the estimated per-share redemption price for its upcoming shareholder meeting.
Horizon Space Acquisition I Corp. secured a $500,000 unsecured promissory note from its sponsor for working capital, convertible into private units.
Capital raise
Horizon Space Acquisition I Corp. announced its voluntary delisting from Nasdaq, effective December 12, 2025, due to failure to secure a business combination and meet listing standards, with trading to commence on OTC Markets.
Worse than expected
Delay expected
Horizon Space Acquisition I Corp. shareholders approved an extension for the company to complete a business combination until April 27, 2026, and eliminated a key redemption limitation.
Delay expected
Capital raise

Quarterly Earnings (10-Q)

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Horizon Space Acquisition I Corp. reports a substantial going concern doubt due to its ongoing lack of operations, significant accumulated deficit, and insufficient working capital, despite extending its business combination deadline.
Worse than expected
Capital raise
Delay expected
Horizon Space Acquisition I Corp. announced the termination of its business combination agreement with Squirrel HoldCo and extended its deadline to complete a new merger until April 2026, following significant shareholder redemptions.
Worse than expected
Delay expected
Capital raise
Horizon Space Acquisition I Corp. reports a significant working capital deficit and expresses substantial doubt about its ability to continue as a going concern, despite ongoing efforts to complete a business combination.
Delay expected
Worse than expected
Capital raise
Horizon Space Acquisition I Corp. announces a net income of $71,454 for the quarter ended March 31, 2025, while continuing efforts to finalize a business combination.
Delay expected
Worse than expected
Capital raise
Horizon Space Acquisition I Corp. reported a net income of $296,392 for the third quarter of 2024, while progressing towards a business combination with Squirrel Enlivened Technology Co., Ltd.
Worse than expected
Delay expected
Capital raise
Horizon Space Acquisition I Corp. reported a net income of $629,211 for the second quarter of 2024, while continuing efforts to secure a business combination and extending its deadline.
Worse than expected
Delay expected
Capital raise

Annual Reports (10-K)

Horizon Space Acquisition I Corp. (HSPO) has filed its 2025 Form 10-K, detailing its ongoing search for a business combination and its financial status, including extensions and related party loans.
Delay expected
Horizon Space Acquisition I Corp.'s 10-K filing reveals substantial doubt about its ability to continue as a going concern as it pursues a business combination with Squirrel Enlivened Technology, facing potential liquidation if a deal isn't completed by April 2025.
Worse than expected
Delay expected
Capital raise
Horizon Space Acquisition I Corp. has filed its annual 10-K report for the fiscal year ended December 31, 2023, detailing its financial condition, business activities, and future plans as a blank check company.
Worse than expected
Delay expected
Capital raise

Insider Trading (Form 4)

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Horizon Space Acquisition I Corp. has extended its deadline to complete a business combination by one month to September 27, 2025, facilitated by a $120,000 deposit from Squirrel HK.
Capital raise
Delay expected
Horizon Space Acquisition I Corp. secured a one-month extension to complete its business combination by depositing $120,000 into its trust account.
Capital raise
Delay expected
Horizon Space Acquisition I Corp. has extended its deadline to complete a business combination with Squirrel Enlivened by one month to August 27, 2025, facilitated by a $120,000 payment from Squirrel Enlivened (Hong Kong) Technology Limited.
Worse than expected
Capital raise
Delay expected
Horizon Space Acquisition I Corp. has extended its deadline to complete its initial business combination with Squirrel HoldCo by one month to August 27, 2025, facilitated by a $120,000 deposit into its trust account via an unsecured promissory note.
Capital raise
Worse than expected
Delay expected
Horizon Space Acquisition I Corp. has extended its deadline to complete its initial business combination by one month to July 27, 2025, facilitated by a $120,000 deposit from Shenzhen Squirrel Enlivened Media Group Co., Ltd. via an unsecured promissory note.
Capital raise
Worse than expected
Delay expected
Horizon Space Acquisition I Corp. has extended its deadline to complete its initial business combination by one month to July 27, 2025, facilitated by a $120,000 deposit from Shenzhen Squirrel Enlivened Media Group Co., Ltd. via an unsecured promissory note.
Worse than expected
Capital raise
Delay expected

Proxy Statements (Def-14A)

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Horizon Space Acquisition I Corp. (HSPO) seeks shareholder approval to extend its business combination deadline to April 27, 2026, following the mutual termination of its merger agreement with Squirrel Enlivened Technology Co., Ltd.
Delay expected
Worse than expected
Capital raise
Horizon Space Acquisition I Corp. adjourns its extraordinary general meeting to December 23, 2024, to allow additional time to engage with shareholders.
Delay expected
Horizon Space Acquisition I Corp. announces revisions to the terms and conditions of its charter amendment proposal, increasing the required monthly contribution to the trust account to $120,000 for each extension.
Worse than expected
Delay expected
Horizon Space Acquisition I Corp. has amended the required contribution to its trust account for monthly extensions, increasing it to the lesser of $60,000 or $0.04 per public share.
Delay expected
Horizon Space Acquisition I Corp. is seeking shareholder approval to extend its deadline to complete a business combination, potentially up to December 27, 2025.
Delay expected
Horizon Space Acquisition I Corp. announces an amendment to the proposed monthly extension fee for its trust account, increasing the potential deposit amount.
Better than expected

Schedule 13G - Passive Investments

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First Trust Merger Arbitrage Fund and related entities have filed an amended Schedule 13G, reporting 0% beneficial ownership in Horizon Space Acquisition I Corp.
Westchester Capital Management, Virtus Investment Advisers, and The Merger Fund report 0% beneficial ownership of Horizon Space Acquisition I Corp. Ordinary Shares.
Worse than expected
Mizuho Financial Group, Inc. filed an Amendment No. 4 to Schedule 13G, reporting zero beneficial ownership in Horizon Space Acquisition I Corp. common shares.
Wolverine Asset Management LLC and its affiliates have filed an amended Schedule 13G, reporting that they no longer beneficially own any Ordinary Shares of Horizon Space Acquisition I Corp.
Worse than expected
Mizuho Financial Group, Inc. has disclosed an increased beneficial ownership of 9.0% in Horizon Space Acquisition I Corp. common shares.
First Trust Merger Arbitrage Fund and affiliated entities have filed an amended Schedule 13G, disclosing their passive beneficial ownership exceeding 5% in Horizon Space Acquisition I Corp.'s Class A Ordinary Shares.