Horizon Space Acquisition I Corp. (HSPOF): debt financing — HSPO extends completion deadline to July 27, 2025; issues $120K note to Squirrel Shenzhen

Horizon Space Acquisition I Corp.

Extension from June 27 to July 27, 2025 funded by $120k deposit from Shenzhen Squirrel Enlivened Media Group into trust account.
HSPO issued $120k unsecured promissory note to Squirrel Shenzhen, bearing no interest, payable upon business combination or expiry.
Proposed business combination with Squirrel HoldCo under September 2024 Agreement remains pending.
Sponsor may extend up to six one-month periods to December 27, 2025 with additional monthly deposits.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Horizon Space Acquisition I Corp. incurred loan of $120,000 with Shenzhen Squirrel Enlivened Media Group Co., Ltd. at no interest maturing earlier of consummation of business combination or date of expiry of the term of the Company.

Instrument: loan
Principal: $120,000
Counterparty: Shenzhen Squirrel Enlivened Media Group Co., Ltd.
Rate: no interest
Maturity: earlier of consummation of business combination or date of expiry of the term of the Company
Event: incurrence

Exact text from the filing

The Company issued an unsecured promissory note in the aggregate principal amount of $120,000 (the “ Note ”) dated May 28, 2025 to Squirrel Shenzhen in connection with the payment of the Monthly Extension Fee.

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Source: SEC EDGAR

accession 0001929980-25-000517

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