other_material
confidence high
sentiment neutral
materiality 0.30
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).
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