secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition II Corp. (HSPT)
CIK:        0002032950
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001929980-24-000589
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2032950/000192998024000589/0001929980-24-000589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2032950/000192998024000589/hspt_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-24-000589

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