Horizon Space Acquisition II completes $60M IPO; auditor flags going concern risk

Horizon Space Acquisition II Corp.

Sold 6M units at $10 each, gross proceeds $60M; over-allotment later closed for extra 900K units ($9M).
Private placement of 200K units to sponsor for $2M; additional 13.5K units for $135K upon over-allotment.
Trust account holds $60M; working capital $459K; auditor cites substantial doubt about completing business combination by Nov 18, 2025.
Transaction costs $1.67M including underwriting commissions and 210K representative shares issued.
Company has not yet identified any business combination target; will not generate operating revenues until deal closes.

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