Horizon Space Acquisition I Corp. Files 2024 10-K
Ticker: HSPWF · Form: 10-K · Filed: Mar 28, 2025 · CIK: 1946021
| Field | Detail |
|---|---|
| Company | Horizon Space Acquisition I CORP. (HSPWF) |
| Form Type | 10-K |
| Filed Date | Mar 28, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, 10-k, financials, warrants
TL;DR
Horizon Space Acquisition I Corp. 2024 10-K filed: $490M assets, $2.31M liabilities. Check warrants.
AI Summary
Horizon Space Acquisition I Corp. filed its 10-K for the fiscal year ending December 31, 2024. The company reported total assets of $490 million and total liabilities of $2.31 million. During the period, they had $389,200 in operating expenses and $25,000 in interest expense. The filing also details various warrant and unit issuances throughout 2022 and 2023, and mentions subsequent events occurring in early 2025.
Why It Matters
This filing provides a year-end financial snapshot for Horizon Space Acquisition I Corp., detailing its assets, liabilities, and expenses, which is crucial for investors to assess the company's financial health and operational status.
Risk Assessment
Risk Level: medium — As a SPAC, the company's primary risk is its ability to identify and complete a business combination within its specified timeframe, which carries inherent uncertainty.
Key Numbers
- $490.0M — Total Assets (Represents the company's total assets as of December 31, 2024.)
- $2.31M — Total Liabilities (Represents the company's total liabilities as of December 31, 2024.)
- $389,200 — Operating Expenses (Indicates the operational costs incurred during the fiscal year 2024.)
- $25,000 — Interest Expense (Shows the cost of borrowing for the fiscal year 2024.)
- $500,000,000 — Total Stockholders' Equity (Represents the equity attributable to shareholders as of December 31, 2024.)
Key Players & Entities
- Horizon Space Acquisition I Corp. (company) — Filer of the 10-K report.
- 2024-12-31 (date) — Fiscal year end for the reported period.
- $490,000,000 (dollar_amount) — Total assets reported for the fiscal year.
- $2,310,750 (dollar_amount) — Total liabilities reported for the fiscal year.
- 1412 Broadway, 21st Floor, New York, NY 10018 (location) — Business and mailing address of the company.
FAQ
What is the primary business of Horizon Space Acquisition I Corp.?
Horizon Space Acquisition I Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
What were the total assets and liabilities of Horizon Space Acquisition I Corp. as of December 31, 2024?
As of December 31, 2024, Horizon Space Acquisition I Corp. reported total assets of $490,000,000 and total liabilities of $2,310,750.
When did Horizon Space Acquisition I Corp. file its 10-K report?
The 10-K report was filed on March 28, 2025.
What significant events occurred in the subsequent period after December 31, 2024, as noted in the filing?
The filing notes subsequent events occurring between January 1, 2025, and March 31, 2025, including a private placement of units and warrant activity.
What is the company's fiscal year end?
The company's fiscal year end is December 31.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 28, 2025 regarding Horizon Space Acquisition I Corp. (HSPWF).