Horizon Space Acquisition I Corp. voluntarily delists from Nasdaq to OTC on Dec 12; no deal by deadline

Horizon Space Acquisition I Corp.

Securities suspended from Nasdaq before market open Dec 12, 2025; trading moves to OTCQB (shares, rights, warrants) and OTCID (units).
Market value of listed securities fell below Nasdaq minimum $35M; also below 300 public holders and $1M public float value.
Only 93,484 public shares outstanding out of 2,404,234 total shares; most shares are insider founder/private/representative.
Prior business combination with Squirrel Enlivened Technology mutually terminated Oct 3, 2025; no new target announced.
Nasdaq Rule IM-5101-2 triggers automatic suspension Dec 21, 2025 (36-month deadline) despite company's extended April 2026 deadline.

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