Horizon Space Acquisition II Reports Q1 2025 Results
Ticker: HSPTU · Form: 10-Q · Filed: May 16, 2025 · CIK: 2032950
Sentiment: neutral
Topics: spac, 10-q, financials, subsequent-event
TL;DR
Horizon Space Acquisition II Corp. Q1 2025: $490M assets, $6.9M liabilities. Private placement occurred May 9.
AI Summary
Horizon Space Acquisition II Corp. filed its Q1 2025 10-Q report on May 16, 2025, for the period ending March 31, 2025. The company reported total assets of $490 million and total liabilities of $6.9 million. A subsequent event on May 9, 2025, involved a private placement.
Why It Matters
This filing provides a snapshot of Horizon Space Acquisition II Corp.'s financial health and operational status as of Q1 2025, including details on assets, liabilities, and significant post-period events.
Risk Assessment
Risk Level: medium — As a SPAC, Horizon Space Acquisition II Corp. faces inherent risks related to its ability to identify and complete a business combination within its specified timeframe.
Key Numbers
- $490.0M — Total Assets (As of March 31, 2025)
- $6.9M — Total Liabilities (As of March 31, 2025)
- 2025-03-31 — Reporting Period End Date (Quarterly financial data)
Key Players & Entities
- Horizon Space Acquisition II Corp. (company) — Filer of the 10-Q report
- 20250331 (date) — End of the reporting period
- 20250516 (date) — Filing date of the report
- $490000000 (dollar_amount) — Total assets as of March 31, 2025
- $6900000 (dollar_amount) — Total liabilities as of March 31, 2025
- 2025-05-09 (date) — Date of a subsequent event (private placement)
FAQ
What was the total amount of cash and cash equivalents reported by Horizon Space Acquisition II Corp. as of March 31, 2025?
The filing indicates $2,180,000 in cash and cash equivalents for the period ending March 31, 2025.
What is the nature of the subsequent event that occurred on May 9, 2025?
The subsequent event on May 9, 2025, involved a private placement.
What were the total operating revenues for the three months ended March 31, 2025?
The filing shows $0 in total operating revenues for the three months ended March 31, 2025.
What is the company's fiscal year end?
Horizon Space Acquisition II Corp.'s fiscal year ends on December 31.
What was the total amount of warrants outstanding as of March 31, 2025?
As of March 31, 2025, there were 49,000,000 warrants outstanding.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 16, 2025 regarding Horizon Space Acquisition II Corp. (HSPTU).