Horizon Space Acquisition II Corp. (HSPT): debt financing — Horizon Space Acquisition II extends deadline to April 18, 2026 via $50,000 trust deposit by William Wang

Horizon Space Acquisition II Corp.

Extension from March 18 to April 18, 2026 is the second of up to twelve monthly extensions permitted.
$50,000 deposited into trust account by William Wang, CEO of target SL Bio, in lieu of sponsor.
Company issued a $50,000 non-interest-bearing promissory note to Wang, convertible into units at $10/unit upon business combination.
Note payable upon business combination or expiry of SPAC term; proceeds may not come from trust if deal fails.
Business combination with SL Bio remains pending; original agreement signed May 9, 2025.

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 II Corp. incurred loan of $50,000 with Mr. William Wang at no interest 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: $50,000
Counterparty: Mr. William Wang
Rate: no interest
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 March 17, 2026, the Company issued an unsecured promissory note of $50,000 (the “ Note ”) to the Payee.

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Horizon Space Acquisition II Corp. filing history →

Source: SEC EDGAR

accession 0001929980-26-000076

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