debt
confidence high
sentiment neutral
materiality 0.40
Horizon Space Acquisition I issues $300K promissory note to sponsor for working capital
Horizon Space Acquisition I Corp.
- $300,000 unsecured promissory note issued to sponsor Horizon Space Acquisition I Sponsor Corp. on June 13, 2025.
- Note bears no interest; principal due upon business combination or expiry of SPAC term.
- Sponsor may convert note into private units at $10.00 per unit upon consummation of business combination.
- Proceeds used for general working capital purposes; drawn down from time to time until business combination.
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