secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Space Acquisition I Corp. (HSPOF)
CIK:        0001946021
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001929980-25-000768
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1946021/000192998025000768/0001929980-25-000768-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1946021/000192998025000768/hspo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001929980-25-000768

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