secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001929980-22-000080
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Space Acquisition I closes $69M IPO; auditor cites going concern doubt
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- IPO of 6,900,000 units at $10/unit; over-allotment fully exercised; gross proceeds $69,000,000.
- Private placement of 385,750 units to sponsor at $10/unit for $3,857,500; total trust $70,207,500.
- Audited balance sheet shows $889,636 cash, $704,187 working capital; auditor expresses substantial doubt about going concern.
- Must complete initial business combination by September 27, 2023 (or extended to March 27, 2024 with deposits).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998022000080/0001929980-22-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998022000080/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-22-000080

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