secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0001929980-25-000308
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998025000308/0001929980-25-000308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998025000308/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-25-000308

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