debt
confidence high
sentiment neutral
materiality 0.75
Horizon Space SPAC extends deadline to June 27, 2025 via $120K promissory note to Squirrel HK
Horizon Space Acquisition I Corp.
- $120,000 deposit into trust account extends business combination deadline from May 27 to June 27, 2025.
- Horizon issued a $120,000 unsecured, interest-free promissory note to Squirrel Enlivened (Hong Kong) Technology Limited.
- Note payable upon consummation of business combination or company term expiry; no recourse to trust account funds.
- This is the first of up to seven possible monthly extensions through December 27, 2025.
- Business combination with Squirrel Enlivened entities remains subject to shareholder approval and regulatory conditions.
item 1.01item 2.03item 9.01