Horizon Space Acquisition II Corp. (HSPT): debt financing — Horizon Space II extends deadline to March 18, 2026 with $50K deposit; over 6.7M shares redeemed

Horizon Space Acquisition II Corp.

William Wang deposited $50,000 extension fee into trust for one-month extension to March 18, 2026; up to 12 monthly extensions available.
Company issued $50,000 promissory note to William Wang, convertible into units at $10 per unit upon business combination.
2,012,378 public shares redeemed in connection with business combination proposals; 4,709,337 shares redeemed for extension proposals.
Extension allows SPAC to continue pursuing its previously announced business combination with SL Bio Ltd.
Shareholders approved charter amendment to permit extensions and trust amendments at February 13, 2026 meeting.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Horizon Space Acquisition II Corp. incurred debt of $50,000 with William Wang at no interest maturing earlier of business combination or expiry of Company term (Maturity Date).

Principal: $50,000
Counterparty: William Wang
Rate: no interest
Maturity: earlier of business combination or expiry of Company term (Maturity Date)
Event: incurrence

Exact text from the filing

On or about February 18, 2026, an aggregate of $50,000 of the Extension Fee was deposited into the Trust Account for the Company’s public shareholders (the “ Extension Payment ”) by Mr. William Wang (the “ Payee” ), which enables the Company to extend the period of time it has to consummate its initial business combination by one month from February 18, 2026 to March18, 2026 (the “ Extension ”).

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Horizon Space Acquisition II Corp. filing history →

Source: SEC EDGAR

accession 0001929980-26-000053

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