debt
confidence high
sentiment neutral
materiality 0.50
Horizon Space Acquisition I issues $500K promissory note to sponsor for working capital
Horizon Space Acquisition I Corp.
- Unsecured promissory note of $500,000 issued to sponsor Horizon Space Acquisition I Sponsor Corp. on July 20, 2026.
- Note bears no interest; principal due upon consummation of business combination or expiry of the SPAC term.
- Proceeds used for general working capital until initial business combination is completed.
- Sponsor may convert note into private units at $10/unit (each unit: one ordinary share, one warrant, one right).
- If no business combination, note is repayable only from funds outside the trust account.