Horizon Space Acquisition II Corp. (HSPT): debt financing — Horizon Space Acquisition II issues $300K promissory note to sponsor for working capital

Horizon Space Acquisition II Corp.

Unsecured note of $300,000 issued to Horizon Space Acquisition II Sponsor Corp. on July 5, 2025.
Note bears no interest, payable upon earlier of business combination or company term expiry.
Sponsor may convert note into private units at $10 per unit (one share, one warrant, one right).
Proceeds used for general working capital; note is exempt from registration under Section 4(a)(2).

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 II Corp. incurred loan of $300,000 with Horizon Space Acquisition II Sponsor Corp. at no interest maturing payable in full upon the earlier to occur of (i) the consummation of the Company's business combination or (ii) the date of expiry of the term of the Company.

Instrument: loan
Principal: $300,000
Counterparty: Horizon Space Acquisition II Sponsor Corp.
Rate: no interest
Maturity: payable in full upon the earlier to occur of (i) the consummation of the Company's business combination or (ii) the date of expiry of the term of the Company
Event: incurrence

Exact text from the filing

On July 5, 2025, Horizon Space Acquisition II Corp., a Cayman Islands exempted company (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the principal amount of $300,000 to Horizon Space Acquisition II Sponsor Corp., a Cayman Islands company, the sponsor of the Company (the “ Sponsor ”).

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Horizon Space Acquisition II Corp. filing history →

Source: SEC EDGAR

accession 0001929980-25-000525

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