Horizon Space Acquisition I Corp. (HSPOF): debt financing — Horizon Space Acquisition I Corp. issues $300K unsecured promissory note to sponsor for working capital

Horizon Space Acquisition I Corp.

Principal $300,000, unsecured, non-interest bearing; due upon consummation of business combination or term expiry.
Proceeds used for general working capital; sponsor may convert note into private units at $10.00 per unit.
Note was issued as an unregistered sale of securities under Section 4(a)(2) of the Securities Act.
Repayment limited to assets outside the trust account if no business combination occurs.
Conversion rights include up to 30,000 units (each: one ordinary share, one warrant, one right) if fully converted.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Horizon Space Acquisition I Corp. incurred loan of $300,000 with Horizon Space Acquisition I Sponsor Corp. at no interest maturing upon consummation of business combination or expiry of term.

Instrument: loan
Principal: $300,000
Counterparty: Horizon Space Acquisition I Sponsor Corp.
Rate: no interest
Maturity: upon consummation of business combination or expiry of term
Event: incurrence

Exact text from the filing

On February 5, 2025, Horizon Space Acquisition I Corp., a Cayman Islands exempted company (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the principal amount of $300,000 to Horizon Space Acquisition I Sponsor Corp., a Cayman Islands company, the sponsor of the Company (the “ Sponsor ”).

View on SEC.gov

Browse all debt financings →

Horizon Space Acquisition I Corp. filing history →

Source: SEC EDGAR

accession 0001929980-25-000067

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.