Horizon Space Acquisition I Corp. — fact timeline

Horizon Space Acquisition I Corp.: Amended Articles 48.7 and 48.8 of the Charter to extend deadline for business combination to June 12, 2027 (effective 2027-06-12).

“At the Shareholder Meeting, the shareholders of the Company approved the proposal to amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such Business Combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by June 12, 2027 (the “ Termination Date ”).”

Horizon Space Acquisition I Corp. engaged TAAD LLP as its auditor.

“board of directors of the Company (the “ Board ”) and the audit committee of the Board (the “ Audit Committee ”), dismissed UHY LLP (“ UHY ”), the former independent registered public accounting firm of the Company and appointed TAAD LLP (ID: 5854) (“ TAAD ”) to serve as its independent registered public accounting firm for the fiscal year ended December 31, 2025. UHY’s reports on the Company’s financial statements for the fiscal years ended December 31, 2023 and 2024 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. Furthermore, during the fiscal years ended December 31, 2023 and 2024 and the subsequent interim period through January 22, 2026, there were no disagreements with UHY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope o”

Horizon Space Acquisition I Corp. dismissed UHY LLP as its auditor.

“sition I Corp., a Cayman Islands exempted company (the “ Company ” or “ HSPO ”), upon the approval of the board of directors of the Company (the “ Board ”) and the audit committee of the Board (the “ Audit Committee ”), dismissed UHY LLP (“ UHY ”), the former independent registered public accounting firm of the Company and appointed TAAD LLP (ID: 5854) (“ TAAD ”) to serve as its independent registered public accounting firm for the fiscal year ended December 31, 2025.”

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.

“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 ”).”

Horizon Space Acquisition I Corp.: Amended charter to eliminate the limitation that the company may not redeem public shares if it would cause net tangible assets to be less than US$5,000,001.

“In addition, at the Shareholder Meeting, the shareholders of the Company also approved the proposal to amend Articles 48.2, 48.4, 48.5, and 48.8 of the Charter (such amendment, together with the amendment mentioned in the last paragraph, the “ Amended Charter ”) to eliminate the limitation that the Company may not redeem the Company’s public shares in an amount that would cause the Company’s net tangible assets to be less than US$5,000,001 following such redemptions.”

Horizon Space Acquisition I Corp.: Amended charter to provide that the company must consummate a business combination by October 27, 2025, with possible monthly extensions up to April 27, 2026, or cease operations and redeem public shares (effective 2025-10-27).

“At the Shareholder Meeting, the shareholders of the Company approved the proposal to amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such Business Combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by October 27, 2025 (the “ Termination Date ”), and if the Company does not consummate a business combination by October 27, 2025, the Termination Date may be extended up to six times, each by a Monthly Extension, for a total of up to six months to April 27, 2025, without the need for any further approval of the Company’s shareholders.”

Horizon Space Acquisition I Corp. incurred loan of aggregate principal amount of $120,000 with Horizon Space Acquisition I Sponsor Corp. at bears no interest maturing 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.

“The Company issued an unsecured promissory note in the aggregate principal amount of $120,000 (the “ Note ”) dated September 30, 2025 to the Sponsor in connection with the payment of the Monthly Extension Fee.”

Horizon Space Acquisition I Corp. incurred loan of $120,000 with Shenzhen Squirrel Enlivened Media Group Co., Ltd. at no interest maturing earlier of consummation of business combination or date of expiry of the term of the Company.

“The Company issued an unsecured promissory note in the aggregate principal amount of $120,000 (the “ Note ”) dated May 28, 2025 to Squirrel Shenzhen in connection with the payment of the Monthly Extension Fee.”

Horizon Space Acquisition I Corp. incurred loan of principal amount of $300,000 with Horizon Space Acquisition I Sponsor Corp. at bears no interest maturing payable in full 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.

“On June 13, 2025, Horizon Space Acquisition I Corp., a Cayman Islands exempted company (the " Company ") issued an unsecured promissory note (the " Note ") in the principal amount of $300,000 to Horizon Space Acquisition I Sponsor Corp., a Cayman Islands company, the sponsor of the Company (the " Sponsor ").”

Horizon Space Acquisition I Corp. incurred loan of $300,000 with Horizon Space Acquisition I Sponsor Corp. at no interest maturing upon consummation of business combination or expiry of term.

“On February 5, 2025, Horizon Space Acquisition I Corp., a Cayman Islands exempted company (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the principal amount of $300,000 to Horizon Space Acquisition I Sponsor Corp., a Cayman Islands company, the sponsor of the Company (the “ Sponsor ”).”

Horizon Space Acquisition I Corp. incurred loan of $120,000 with Squirrel Enlivened (Hong Kong) Technology Limited 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.

“The Company will issue an unsecured promissory note in the aggregate principal amount of $120,000 (the “ Note ”) to Squirrel HK in connection with the payment of the Monthly Extension Fee.”

Horizon Space Acquisition I Corp.: Amended charter to extend business combination deadline to December 27, 2025, with monthly extension options (effective 2024-12-26).

“At the Shareholder Meeting, the shareholders of the Company approved the proposal to amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) (such amendment, the “ Amended Charter ”) to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such Business Combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by December 27, 2024 (the “ Termination Date ”), and if the Company does not consummate a business combination by December 27, 2024, the Termination Date may be extended up to twelve times, each by a Monthly Extension, for a total of up to twelve months to December 27, 2025, without the need for any further approval of the Company’s shareholders.”

Horizon Space Acquisition I Corp. incurred loan of $300,000 with Horizon Space Acquisition I Sponsor Corp. at The Note bears no interest maturing payable in full 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.

“On April 12, 2024, Horizon Space Acquisition I Corp., a Cayman Islands exempted company (the “ Company ”) issued an unsecured promissory note (the “ Note ”) in the principal amount of $300,000 to Horizon Space Acquisition I Sponsor Corp., a Cayman Islands company, the sponsor of the Company (the “ Sponsor ”).”

Horizon Space Acquisition I Corp.: Amended Articles 48.7 and 48.8 to extend the business combination deadline to December 27, 2024, with up to nine monthly extensions (effective 2024-03-27).

“the shareholders of the Company approved the proposal to amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) (such amendment, the “ Amended Charter ”) to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such Business Combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by March 27, 2024 (the “ Termination Date ”), and if the Company does not consummate a business combination by March 27, 2024, the Termination Date may be extended up to nine times, each by a Monthly Extension, for a total of up to nine months to December 27, 2024, without the need for any further approval of the Company’s shareholders”

Horizon Space Acquisition I Corp. shareholders approved Amendment to Trust Agreement to commence liquidation by March 27, 2024, with possible extensions at the 2024-03-27 meeting.

“The shareholders approved the proposal to amend the Trust Agreement to provide that the Trustee must commence liquidation of the Trust Account by March 27, 2024, or, if further extended by up to nine Monthly Extensions, up to December 27, 2024. The voting results were as follows: FOR AGAINST ABSTAIN 5,611,981 788,484 0”

Horizon Space Acquisition I Corp. shareholders approved Amendment to Charter to extend business combination deadline and allow monthly extensions at the 2024-03-27 meeting.

“The shareholders approved the proposal to amend the Company’s Charter to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such business combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by March 27, 2024, and if the Company does not consummate a business combination by March 27, 2024, the Termination Date may be extended up to nine times, each by a Monthly Extension, for a total of up to nine months to December 27, 2024, without the need for any further approval of the Company’s shareholders. The voting results were as follows: FOR AGAINST ABSTAIN 5,611,981 788,484 0 3”

Horizon Space Acquisition I Corp. incurred loan of $60,000 with Shenzhen Squirrel Enlivened Media Group Co. Ltd at no interest maturing 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.

“The Company issued an unsecured promissory note in the principal amount of $60,000 to the Target (the “ Note ”) to evidence its payment.”

Horizon Space Acquisition I Corp. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2024-03-22).

“Upon the shareholders’ approval, on March 22, 2024, the Company and the Trustee entered into the amendment to the Trust Agreement.”

Horizon Space Acquisition I Corp. incurred loan of $70,000 with Shenzhen Squirrel Enlivened Media Group Co. Ltd (the Target) at no interest maturing 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.

“The Company issued an unsecured promissory note in the aggregate principal amount of $70,000 (the “ Note ”) to the Target in connection with the payment of the Monthly Extension Fee on January 23, 2024.”

Horizon Space Acquisition I Corp. incurred loan of $70,000 with Shenzhen Squirrel Enlivened Media Group Co. Ltd at no interest maturing earlier of business combination or expiry of company term.

“The Company has issued an unsecured promissory note in the aggregate principal amount of $70,000 (the “ Note ”) to the Target in connection with the payment of the Monthly Extension Fee on November 21, 2023.”

Horizon Space Acquisition I Corp. incurred loan of $70,000 with Shenzhen Squirrel Enlivened Media Group Co. Ltd 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.

“On October 25, 2023, the Company issued an unsecured promissory note in the aggregate principal amount of $70,000 (the “ Note ”) to the Target to evidence the payment of the Monthly Extension Fee.”

Horizon Space Acquisition I Corp.: Amended Articles 48.7 and 48.8 of the Charter to extend the termination date for a business combination from September 27, 2023 to up to March 27, 2024 via monthly extensions (effective 2023-09-27).

“At the Shareholder Meeting, the shareholders of the Company approved the proposal to amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) (such amendment, the “ Amended Charter ”) to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such Business Combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by September 27, 2023 (the “ Termination Date ”), and if the Company does not consummate a business combination by September 27, 2023, the Termination Date may be extended up to six times, each by a Monthly Extension, for a total of up to six months to March 27, 2024, without the need for any further approval of the Company’s shareholders.”

Horizon Space Acquisition I Corp. shareholders approved Amendment to Trust Agreement to extend liquidation deadline at the 2023-08-29 meeting.

“2. The Trust Amendment Proposal The shareholders approved the proposal to amend the Trust Agreement to provide that the Trustee must commence liquidation of the Trust Account by September 27, 2023, or, if further extended by up to six Monthly Extensions, up to March 27, 2024. The voting results were as follows: FOR AGAINST ABSTAIN 7,521,954 351,786 0”

Horizon Space Acquisition I Corp. shareholders approved Amendment to Charter to extend business combination deadline at the 2023-08-29 meeting.

“1. The Charter Amendment Proposal The shareholders approved the proposal to amend the Company’s Charter to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such business combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by September 27, 2023, and if the Company does not consummate a business combination by September 27, 2023, the Termination Date may be extended up to six times, each by a Monthly Extension, for a total of up to six months to March 27, 2024, without the need for any further approval of the Company’s shareholders. The voting results were as follows: FOR AGAINST ABSTAIN 7,521,954 351,786 0”

Horizon Space Acquisition I Corp. incurred debt of $70,000 with Horizon Space Acquisition I Sponsor Corp. at bears 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.

“In connection with the Monthly Extension Payment, the Company issued an unsecured promissory note of $70,000 (the “ Note ”) to Horizon Space Acquisition I Sponsor Corp., a Cayman Islands company, the sponsor of the Company (the “ Sponsor ”).”

Horizon Space Acquisition I Corp. amended Trust Amendment with Continental Stock Transfer & Trust Company (effective 2023-09-25).

“inary general meeting (the “ Shareholder Meeting ”), where the shareholders of the Company approved, among others, the Company to amend the Investment Management Trust Agreement dated December 21, 2022 (the “ Trust Agreement ”), by and between the Company and Continental Stock Transfer & Trust Company, a New York limited purpose trust company (the “ Trustee ”) to provide that the Trustee must commence liquidation of the Company’s trust account (the “ Trust Account ”) by September 27, 2023, or, if further extended by up to six one-month extensions (the “ Monthly Extension ”), up to March 27, 2024.”

Horizon Space Acquisition I Corp.: Adopted and filed Amended and Restated Memorandum and Articles of Association (effective 2022-12-20).

“On December 20, 2022, the Company adopted and filed its Amended and Restated Memorandum and Articles of Association.”

Horizon Space Acquisition I Corp. entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2022-12-21).

“● a Warrant Agreement, dated December 21, 2022, between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent; ● a Rights Agreement, dated December 21, 2022, between the Company and CST, as rights agent; ● a Private Units Purchase Agreement, dated December 21, 2022, between the Company and the Sponsor; ● a Securities Transfer Agreement, dated September 12, 2022, among the Company, the Sponsor and certain directors of the Company; ● an Investment Management Trust Agreement, dated December 21, 2022, between the Company and CST, as trustee; 2 ● an Escrow Agreement, dated December 21, 2022, among the Company, CST, and certain shareholders named therein; ● a Registration Rights Agreement, dated December 21, 2022, between the Company, the Sponsor and certain other security holders of the Company; ● a Letter Agreement, dated December 21, 2022, between the Company,”

Horizon Space Acquisition I Corp. entered into Rights Agreement with Continental Stock Transfer & Trust Company (effective 2022-12-21).

“● a Warrant Agreement, dated December 21, 2022, between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent; ● a Rights Agreement, dated December 21, 2022, between the Company and CST, as rights agent; ● a Private Units Purchase Agreement, dated December 21, 2022, between the Company and the Sponsor; ● a Securities Transfer Agreement, dated September 12, 2022, among the Company, the Sponsor and certain directors of the Company; ● an Investment Management Trust Agreement, dated December 21, 2022, between the Company and CST, as trustee; 2 ● an Escrow Agreement, dated December 21, 2022, among the Company, CST, and certain shareholders named therein; ● a Registration Rights Agreement, dated December 21, 2022, between the Company, the Sponsor and certain other security holders of the Company; ● a Letter Agreement, dated December 21, 2022, between the Company,”

Horizon Space Acquisition I Corp. entered into Warrant Agreement with Continental Stock Transfer & Trust Company (effective 2022-12-21).

“a Warrant Agreement, dated December 21, 2022, between the Company and Continental Stock Transfer & Trust Company (“CST”), as warrant agent;”

Horizon Space Acquisition I Corp. entered into Private Units Purchase Agreement with Horizon Space Acquisition I Sponsor Corp. valued at $3,875,500 (effective 2022-12-21).

“Substantially concurrently with the closing of the IPO, the Company completed the private sale of 385,750 units (the “Private Units”) to the Company’s sponsor, Horizon Space Acquisition I Sponsor Corp. (the “Sponsor”). Each Private Unit consists of one Ordinary Share, one Warrant (the “Private Warrants”), and one Right (the “Private Rights”).”

Horizon Space Acquisition I Corp. entered into Underwriting Agreement with Network 1 Financial Securities, Inc. (effective 2022-12-21).

“an Underwriting Agreement, dated December 21, 2022, between the Company and Network 1 Financial Securities, Inc., the representative of the underwriters of the IPO (the “Representative”);”

Rodolfo Jose Gonzalez Caceres was appointed as Director at Horizon Space Acquisition I Corp..

“Effective December 21, 2022, in connection with the effectiveness of the Registration Statement, Messrs. Messrs. Angel Colon, Mark Singh and Rodolfo Jose Gonzalez Caceres became directors of the Company.”

Mark Singh was appointed as Director at Horizon Space Acquisition I Corp..

“Effective December 21, 2022, in connection with the effectiveness of the Registration Statement, Messrs. Messrs. Angel Colon, Mark Singh and Rodolfo Jose Gonzalez Caceres became directors of the Company.”

Angel Colon was appointed as Director at Horizon Space Acquisition I Corp..

“Effective December 21, 2022, in connection with the effectiveness of the Registration Statement, Messrs. Messrs. Angel Colon, Mark Singh and Rodolfo Jose Gonzalez Caceres became directors of the Company.”