secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2023-12-26T23:59:59+00:00
Accession:  0001929980-23-000312
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Space extends SPAC deadline to Jan 27, 2024 via $70k trust deposit funded by target Squirrel Media
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- Deposited $70k into trust account to extend deadline from Dec 27, 2023 to Jan 27, 2024 for initial business combination.
- Payment made by Shenzhen Squirrel Enlivened Media Group under a non-binding LOI; company issued a $70k convertible promissory note to target.
- Note bears no interest, due upon business combination or company expiry; convertible into units at $10.00 per unit.
- Company retains ability to extend further to March 27, 2024 with monthly $70k deposits by sponsor or designee.
- No definitive agreement with target has been reached; LOI remains non-binding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998023000312/0001929980-23-000312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998023000312/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-23-000312

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer