HSPO
Horizon Space Acquisition I Corp.12.17
+12.17+0%
Dec 11, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
29.26MP/E (TTM)
93.62Basic EPS (TTM)
0.13Dividend Yield
-Recent Filings
8-K
Auditor switch completed cleanly
8-K
Issues $500K sponsor note
Horizon Space Acquisition I issued a $500,000 unsecured promissory note to its sponsor on January 26, 2026, for general working capital until its business combination. Interest-free, it's due at closing or company expiry, yet convertible into private units at $10.00 each. Funds bridge to de-SPAC. Sponsor holds conversion option.
8-K
Voluntary Nasdaq delisting announced
Horizon Space Acquisition I Corp. notified Nasdaq on December 3, 2025, of its voluntary delisting of shares, units, warrants, and rights, effective December 12 with trading shifting to OTCQB and OTCID. Post-redemptions, only 93,484 public shares remain of 2.4 million total, breaching Nasdaq's $35 million market value and holder minimums. Delisting saves costs. No shareholder action needed.
10-Q
Q3 FY2025 results
Horizon Space Acquisition I Corp swung to a $149K net profit for Q3 ended September 30, 2025, versus $296K a year earlier, thanks to $236K in Trust interest income offsetting $87K formation costs—down 82% y/y from prior operating expenses. Costs plunged as a prior $250K professional services fee vanished. Trust swelled to $23.1M on extension deposits, yet cash dipped to $7.7K amid $3.5M working capital deficit and $5.9M total liabilities from related-party notes. Prior Squirrel merger terminated October 3; runway now to April 2026. No target named. Liquidation looms if no deal.
8-K
SPAC deadline extended six months
Horizon Space Acquisition I Corp. shareholders approved charter and trust amendments on October 27, 2025, extending the business combination deadline up to six one-month periods to April 27, 2026. This eliminates the $5M net tangible assets redemption cap. Yet 1,764,505 shares redeemed, leaving 2,404,234 outstanding. Liquidation now possible only after new deadline.
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