secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001929980-24-000278
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 SPAC extends deadline to July 27, 2024 via $60K note from target Shenzhen Squirrel
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- Company extended initial business combination deadline from June 27 to July 27, 2024 by depositing $60,000 into trust.
- The $60,000 was paid by target Shenzhen Squirrel Enlivened Media Group under a non-binding LOI; SPAC issued an unsecured promissory note for that amount.
- Note bears no interest, due upon business combination or expiry; convertible into SPAC units at $10 per unit upon a deal.
- No definitive business combination agreement has been signed; the LOI remains non-binding.
- Conversion rights and note itself are unregistered securities issued under Section 4(a)(2) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998024000278/0001929980-24-000278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998024000278/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-24-000278

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