secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001929980-24-000122
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 deadline to May 27, 2024; target deposits $60k extension fee per LOI
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- Extension fee of $60,000 deposited into trust by target Shenzhen Squirrel Enlivened Media Group on April 23, 2024.
- Deadline for initial business combination extended from April 27 to May 27, 2024.
- Company issued unsecured promissory note of $60,000 to target, convertible into units at $10/unit upon business combination.
- Note bears no interest, payable upon business combination or expiry; events of default include bankruptcy and cross-default.
- No definitive agreement for business combination has been entered; LOI remains non-binding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998024000122/0001929980-24-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998024000122/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-24-000122

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