debt
confidence high
sentiment neutral
materiality 0.45
HSPO extends business combination deadline to April 27, 2025 via $120k note from Squirrel HK
Horizon Space Acquisition I Corp.
- Deposited $120,000 into trust account to extend deadline one month from March 27 to April 27, 2025.
- Payment made by Squirrel HK, an affiliate of the target, under the September 2024 Business Combination Agreement.
- Issued non-interest-bearing promissory note of $120,000 to Squirrel HK, due upon closing or term expiry.
- Note is repayable only from non-trust assets if business combination not consummated; trust funds waived.
- Up to nine additional monthly extensions are available, extending deadline to December 27, 2025.