secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001929980-24-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Space Acquisition I extends deadline to Feb 27, 2024 with $70K deposit; issues convertible note to target
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- Deposited $70,000 into trust account to extend business combination deadline from Jan 27 to Feb 27, 2024.
- Issued $70,000 unsecured promissory note to Shenzhen Squirrel Enlivened Media Group; bears no interest.
- Note convertible into private units at $10/unit upon business combination; units consist of share, warrant, right.
- Repayment from non-trust funds if no business combination; payee waives claims on trust account.
- Company still has no definitive agreement; extension funded by potential merger target per existing LOI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998024000021/0001929980-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998024000021/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-24-000021

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