--- schema_version: "secwatch.filing_event.v1" accession: "0001929980-24-000067" form_type: "8-K" ticker: "HSPOF" cik: "0001946021" company_name: "Horizon Space Acquisition I Corp." filed_at: "2024-03-27T23:59:59+00:00" generated_at: "2026-06-04T07:25:49.435908+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Horizon Space Acquisition extends deadline to Dec 2024; target funds first monthly extension ## Summary - Shareholders approved amendment extending business combination deadline from March 27, 2024 to December 27, 2024 via up to nine monthly extensions. - Target Shenzhen Squirrel Enlivened Media Group deposited $60,000 for first extension to April 27, 2024; received convertible promissory note at $10/unit. - 815,581 ordinary shares were redeemed in connection with the shareholder vote, representing ~9.4% of outstanding shares. - Company has not yet entered a definitive business combination agreement; LOI with target remains non-binding. ## SEC filing metadata - accession: 0001929980-24-000067 - form_type: 8-K - ticker: HSPOF - cik: 0001946021 - company_name: Horizon Space Acquisition I Corp. - filed_at: 2024-03-27T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 2.03, 3.02, 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1946021/000192998024000067/0001929980-24-000067-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1946021/000192998024000067/hspo_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001929980-24-000067 - JSON: https://secwatch.observer/filing/0001929980-24-000067.json - Plain text: https://secwatch.observer/filing/0001929980-24-000067.txt ## Key facts - Debt Financings Horizon Space Acquisition I Corp. incurred loan of $60,000 with Shenzhen Squirrel Enlivened Media Group Co. Ltd at no interest maturing the earlier to occur of (i) the consummation of the Company’s business combination or (ii) the date of expiry of the term of the Company. - Instrument: loan - Principal: $60,000 - Counterparty: Shenzhen Squirrel Enlivened Media Group Co. Ltd - Rate: no interest - Maturity: the earlier to occur of (i) the consummation of the Company’s business combination or (ii) the date of expiry of the term of the Company - Event: incurrence source text: The Company issued an unsecured promissory note in the principal amount of $60,000 to the Target (the “ Note ”) to evidence its payment. evidence_url: https://www.sec.gov/Archives/edgar/data/1946021/000192998024000067/0001929980-24-000067-index.htm - Governance Changes Horizon Space Acquisition I Corp.: Amended Articles 48.7 and 48.8 to extend the business combination deadline to December 27, 2024, with up to nine monthly extensions (effective 2024-03-27). - Change: charter amendment - Effective: 2024-03-27 source text: the shareholders of the Company approved the proposal to amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) (such amendment, the “ Amended Charter ”) to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such Business Combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by March 27, 2024 (the “ Termination Date ”), and if the Company does not consummate a business combination by March 27, 2024, the Termination Date may be extended up to nine times, each by a Monthly Extension, for a total of up to nine months to December 27, 2024, without the need for any further approval of the Company’s shareholders evidence_url: https://www.sec.gov/Archives/edgar/data/1946021/000192998024000067/0001929980-24-000067-index.htm - Material Agreements Horizon Space Acquisition I Corp. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2024-03-22). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Effective: 2024-03-22 source text: Upon the shareholders’ approval, on March 22, 2024, the Company and the Trustee entered into the amendment to the Trust Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1946021/000192998024000067/0001929980-24-000067-index.htm - Shareholder Votes Horizon Space Acquisition I Corp. shareholders approved Amendment to Charter to extend business combination deadline and allow monthly extensions at the 2024-03-27 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2024-03-27 source text: The shareholders approved the proposal to amend the Company’s Charter to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such business combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by March 27, 2024, and if the Company does not consummate a business combination by March 27, 2024, the Termination Date may be extended up to nine times, each by a Monthly Extension, for a total of up to nine months to December 27, 2024, without the need for any further approval of the Company’s shareholders. The voting results were as follows: FOR AGAINST ABSTAIN 5,611,981 788,484 0 3 evidence_url: https://www.sec.gov/Archives/edgar/data/1946021/000192998024000067/0001929980-24-000067-index.htm - Shareholder Votes Horizon Space Acquisition I Corp. shareholders approved Amendment to Trust Agreement to commence liquidation by March 27, 2024, with possible extensions at the 2024-03-27 meeting. - Outcome: passed - Meeting: 2024-03-27 source text: The shareholders approved the proposal to amend the Trust Agreement to provide that the Trustee must commence liquidation of the Trust Account by March 27, 2024, or, if further extended by up to nine Monthly Extensions, up to December 27, 2024. The voting results were as follows: FOR AGAINST ABSTAIN 5,611,981 788,484 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1946021/000192998024000067/0001929980-24-000067-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.