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An announcement from Horizon Space Acquisition I Corporation ( (HSPOF) ) is now available.
On January 26, 2026, Horizon Space Acquisition I Corp. issued a $500,000 unsecured, interest-free promissory note to its sponsor, Horizon Space Acquisition I Sponsor Corp., to provide general working capital while it pursues its initial business combination. The note is repayable upon completion of a business combination or the expiry of the company’s term, includes customary default triggers that could accelerate repayment, and gives the sponsor the option to convert the outstanding principal into private units—each comprising an ordinary share, a warrant and a right—at $10 per unit, with such units locked up until the completion of the business combination but entitled to registration rights.
More about Horizon Space Acquisition I Corporation
Horizon Space Acquisition I Corp. is a Cayman Islands-exempted special purpose acquisition company (SPAC) formed to consummate an initial business combination, typically by merging with or acquiring an operating business, with its capital structure centered on ordinary shares, warrants and rights issued to investors.
Average Trading Volume: 78,306
Technical Sentiment Signal: Buy
Current Market Cap: $29.33M
For detailed information about HSPOF stock, go to TipRanks’ Stock Analysis page.