Horizon Space Acquisition I Corp.
HSPOU
NASDAQ Global Market14.66
USD
-3.45
- -
Horizon Space Acquisition I Corp.
HSPOU
(NASDAQ Global Market)
Recent
price
14.66
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Horizon Space Acquisition I Corp., a Cayman Islands exempted company headquartered in New York, NY and founded in 2022, operates as a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses, targeting primarily emerging growth companies that are positioned to generate cash or already cash-generative. The company offers investors units comprising one ordinary share, one warrant exercisable at $11.50 per share and one right convertible to one-tenth of an ordinary share upon consummation of an initial business combination; its securities trade on Nasdaq under the ticker HSPOU, with ordinary shares (HSPO), warrants (HSPOW) and rights (HSPOR) also listed separately. Horizon Space maintains a trust account holding substantially all IPO net proceeds of $60 million raised in December 2022, underwritten by Network 1 Financial Securities and Maxim Group, enabling flexible deployment for target identification without predefined industry restrictions. In recent developments, the company mutually terminated its business combination agreement with Squirrel Enlivened Technology Co., Ltd. and affiliates in October 2025 without termination fees after multiple monthly extensions funded by sponsor deposits totaling over $840,000 through promissory notes; amended its underwriting agreement on September 29, 2025, to convert $2.415 million in deferred commissions into 805,000 ordinary shares at a discount; and announced on December 3, 2025, its intent to voluntarily delist from Nasdaq Capital Market via Form 25 submission around December 12, 2025, with ordinary shares, rights and warrants transitioning to OTCQB trading and units to OTCID, as management continues seeking an alternative target despite substantial doubt on completing a combination by December 27, 2025.
Horizon Space Acquisition I Corp. Announces Effective Date of Nasdaq Delisting and Commencement of OTC Trading