Horizon Space Acquisition I issues $500K unsecured note to sponsor for working capital

Horizon Space Acquisition I Corp.

Unsecured promissory note for $500,000 issued to Horizon Space Acquisition I Sponsor Corp. on Jan 26, 2026.
Note bears no interest; principal due upon business combination or expiration of company term.
Sponsor may convert outstanding principal into private units at $10.00 per unit at least 2 days before business combination.
Proceeds used for general working capital; note repayable only from non-trust account funds if no business combination.
Conversion yields units consisting of one ordinary share, one warrant, and one right to one-tenth of a share.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Horizon Space Acquisition I Corp. incurred loan of $500,000 with Horizon Space Acquisition I Sponsor Corp. maturing 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: $500,000
Counterparty: Horizon Space Acquisition I Sponsor Corp.
Maturity: 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 January 26, 2026, Horizon Space Acquisition I Corp., a Cayman Islands exempted company (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the principal amount of $500,000 to Horizon Space Acquisition I Sponsor Corp., a Cayman Islands company, the sponsor of the Company (the “ Sponsor ”).

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Horizon Space Acquisition I Corp. filing history →

Source: SEC EDGAR

accession 0001929980-26-000021

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