HSPO extends business combination deadline to May 27, 2025; issues $120K promissory note to Squirrel HK

Horizon Space Acquisition I Corp.

SPAC had until April 27, 2025 to complete initial business combination; $120,000 deposit extends deadline to May 27, 2025.
Monthly Extension Fee of $120,000 paid by Squirrel HK, a party to the September 16, 2024 Business Combination Agreement.
Unsecured promissory note of $120,000 issued to Squirrel HK, bears no interest, payable upon business combination or expiry of term.
Sponsor or designee may deposit up to eight monthly extensions, extending potential deadline to December 27, 2025.
Note is non-recourse to trust account; if no business combination, repayment only from non-trust funds.

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