HSPT secures $7.8M PIPE commitment for SL Bio business combination

Horizon Space Acquisition II Corp.

PubCo entered subscription agreements for 780,000 units at $10/unit, raising $7.8M.
Each unit consists of one ordinary share and one Series A preferred share convertible into 1/3 ordinary share after 6 months.
PIPE closing conditioned on prior or concurrent closing of the business combination with SL Bio.
PIPE investors agreed to a six-month lock-up on securities from closing date.
Subscription agreements include customary representations, warranties, and indemnification obligations.

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