secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001929980-24-000467
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Space Acquisition I issues $400K promissory note to sponsor for working capital
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- Issued $400,000 unsecured promissory note to sponsor Horizon Space Acquisition I Sponsor Corp.
- Note bears no interest, payable upon business combination or expiry of the SPAC's term.
- Proceeds used for general working capital purposes until initial business combination.
- Sponsor may convert outstanding principal into private units at $10 per unit upon closing of a business combination.
- Repayment limited to amounts outside the trust account if no business combination occurs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998024000467/0001929980-24-000467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998024000467/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-24-000467

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