Horizon Space Acquisition I Corp. Warrant
HSPOW
NASDAQ Global Market0.04
USD
-0.01
- -
CIK
0001946021
ISIN
KYG4619M1179
Return %
Stock
S&P500
1Y
251.85
26.53
3Y
-5.00
76.60
5Y
-5.00
80.11
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. is a blank check company, also known as a special purpose acquisition company (SPAC), whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar initial business combination with one or more businesses or entities; its ordinary shares, redeemable warrants and rights trade on the Nasdaq Capital Market under the symbols HSPO, HSPOW and HSPOR, respectively. Incorporated in 2022 as a Cayman Islands exempted company, the SPAC is headquartered at 1412 Broadway, 21st Floor, Suite 21V, New York, New York 10018, United States, and focuses on emerging growth companies with long-term revenue visibility, defensible market positions and potential benefits from U.S. public listing, without limitation to a particular industry or geographic region though historically targeting opportunities in aerospace, space technology and China-linked ventures. The company raised gross proceeds of $69 million in its December 2022 initial public offering of 6.9 million units at $10.00 each through lead underwriter Network 1 Financial Securities, Inc., with each unit comprising one ordinary share, one warrant exercisable at $11.50 per ordinary share and one right automatically converting to one-tenth of one ordinary share upon completion of an initial business combination; as a pre-combination entity, it generates no operating revenues and holds cash equivalents and U.S. Treasury securities principally in a trust account to fund operations until a deal closes or it liquidates. Recent major developments include the September 2024 signing of a definitive business combination agreement with Squirrel Enlivened International Co., Ltd (Squirrel Cayman), a Cayman Islands brand marketing and strategy consulting firm with subsidiaries including Shenzhen Squirrel Enlivened Technology Co., Ltd, under which Squirrel HoldCo would reorganize into Squirrel Cayman and subsequently merge with a wholly owned subsidiary of Horizon Space, with Squirrel securityholders receiving ordinary shares, warrants and rights of the post-combination public entity; the mutual termination of this agreement in early October 2025 without fees pursuant to Section 10.1(a), returning the SPAC to target search; multiple trust extensions via sponsor deposits totaling at least $840,000 in unsecured promissory notes through September 2025, pushing the initial business combination deadline from September 27, 2025, to potentially April 26, 2026, with five one-month options; and an amendment converting underwriter Network 1's $2.415 million deferred commission into 805,000 post-combination ordinary shares at $3.00 per share, alongside a $300,000 sponsor working capital loan in June 2025; as of Q3 2025, the trust held $23.1 million amid high redemptions risk, minimal cash of $7,679 and a $3.4 million working capital deficit, with its Exchange Act registration revoked per SEC records. Led by Chairman, CEO, CFO and Secretary Mingyu (Michael) Li alongside independent directors Mark Singh, Angel Colon and Rodolfo Jose Gonzalez Caceres, the SPAC operates globally from its U.S. base, maintaining approximately 2.4 million outstanding ordinary shares as of late 2025 and pursuing shareholder approval for further extensions amid a compressed timeline to avoid liquidation.
Horizon Space Acquisition I Corp. Announces Effective Date of Nasdaq Delisting and Commencement of OTC Trading