Horizon Space Acquisition I Corp.
HSPOR
NASDAQ Global Market0.11
USD
+0.00
- -
CIK
0001946021
ISIN
KYG4619M1252
Return %
Stock
S&P500
1Y
-42.67
18.21
3Y
-30.92
64.38
5Y
-11.85
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mingyu Li
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1412 Broadway New York City NY United States of America 10018
- IPO Date
- Jan 26, 2023
- CIK
- 0001946021
- Similar Companies
- Business
- Horizon Space Acquisition I Corp. Horizon Space Acquisition I Corp. (Nasdaq:HSPO, HSPOR) operates as a blank check company, or special purpose acquisition company (SPAC), whose principal business activity focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities; it has not commenced material operations, generated revenues or identified a specific target since inception, with efforts concentrated on financial services and adjacent platforms or space and aerospace opportunities without geographic limitations. Incorporated in the Cayman Islands in June 2022 and headquartered at 1412 Broadway, 21st Floor, Suite 21V, New York, NY 10018, United States, the company completed its initial public offering on December 27, 2022, raising gross proceeds through 6,900,000 units at $10.00 each, comprising one Class A ordinary share, one redeemable warrant and one right automatically converting to one-tenth of one Class A ordinary share upon a successful business combination; concurrently, it conducted a private placement of 385,750 private units to its sponsor, Horizon Space Acquisition I Sponsor Corp., generating additional proceeds of $3,857,500. The company targets public shareholders through its trust account managed by Continental Stock Transfer & Trust Company, holding investor funds net of taxes and dissolution expenses, while offering redemption rights for public shares at approximately the pro rata trust value, currently around $12.38 per share as of recent filings. Recent major developments include the signing of a business combination agreement on September 16, 2024, with Squirrel Enlivened Technology Co., Ltd (Squirrel HoldCo), a Cayman Islands entity backed by Shenzhen Squirrel Enlivened International Co., Ltd, involving a draft Form F-4 registration submission to the SEC on September 19, 2024; this merger was mutually terminated without fees on October 3, 2025, leaving no current target as of the latest disclosures. In September 2025, the sponsor deposited $120,000 into the trust to extend the initial business combination deadline from September 27 to October 27, 2025; Network 1 Financial Securities, Inc. amended its underwriting agreement on September 29, 2025, converting $2,415,000 in deferred commissions (3.5% of IPO proceeds) into common shares; an extraordinary general meeting occurred on October 27, 2025, approving amendments to the memorandum and articles of association to remove the $5,000,001 net tangible assets redemption limitation, enable up to six one-month extensions to April 27, 2026, without further votes, and update the trust agreement accordingly, alongside director re-elections and auditor appointment of UHY LLP for the year ending December 31, 2025; as of September 30, 2025, per its latest Form 10-Q, it reported no revenue, ongoing operating losses funded by sponsor loans and working capital, 2,404,234 ordinary shares outstanding, and reliance on sponsor support amid risks of high redemptions, Nasdaq compliance, and potential liquidation if no combination occurs by the extended deadline.
Horizon Space Acquisition I Corp. Announces Effective Date of Nasdaq Delisting and Commencement of OTC Trading