secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition II Corp. (HSPT)
CIK:        0002032950
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001213900-26-033581
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2032950/000121390026033581/0001213900-26-033581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2032950/000121390026033581/ea0283194-8k425_horizon2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-033581

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