secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001929980-23-000247
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Space Acquisition I extends deadline to Nov 27, 2023 via $70k deposit from target, issues convertible note
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- $70,000 deposited into trust account to extend business combination deadline from Oct 27 to Nov 27, 2023.
- Payment made by Shenzhen Squirrel Enlivened Media Group under non-binding LOI; company issued $70,000 unsecured promissory note to target.
- Note bears no interest, due at earlier of business combination or expiry; convertible into private units at $10 per unit.
- No definitive agreement signed; conversion rights are at payee's option upon closing of a business combination.
- Note issued under Section 4(a)(2) exemption from registration; units issuable upon conversion have transfer restrictions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998023000247/0001929980-23-000247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998023000247/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-23-000247

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