secwatch.observer — SEC 8-K summary
======================================

Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001929980-25-000663
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Space terminates SPAC merger with Squirrel; extends deadline to Oct 27, 2025
--------------------------------------------------------------------------------

- Mutual termination of Business Combination Agreement with Squirrel Enlivened Technology; no termination fee payable.
- Sponsor deposits $120,000 monthly extension fee into trust, extending deadline from Sep 27 to Oct 27, 2025.
- Underwriting amendment converts $2,415,000 deferred commission into 805,000 post-combination shares at $3.00.
- Company issued $120,000 non-interest promissory note to sponsor for extension; convertible into units at $10.00 per unit.
- Company still has until Dec 27, 2025 (with two further monthly extensions) to complete an initial business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998025000663/0001929980-25-000663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998025000663/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-25-000663

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer