Horizon Space Acquisition I Corp. Q1 2025 10-Q Filed
Ticker: HSPWF · Form: 10-Q · Filed: May 14, 2025 · CIK: 1946021
Sentiment: neutral
Topics: spac, 10-q, financials
TL;DR
Horizon Space Acquisition I Corp. Q1 2025 10-Q: $500M assets, $1.8M liabilities, $490M in trust.
AI Summary
Horizon Space Acquisition I Corp. filed its 10-Q for the period ending March 31, 2025. The company reported total assets of $500,000,000 and total liabilities of $1,857,989. As of March 31, 2025, the company had $490,000,000 in trust account funds. Key events include the issuance of private placement units and warrants, with specific dates noted for subsequent events and sponsor-related transactions.
Why It Matters
This filing provides a snapshot of Horizon Space Acquisition I Corp.'s financial health and operational status for the first quarter of 2025, crucial for investors assessing the SPAC's progress.
Risk Assessment
Risk Level: medium — As a SPAC, Horizon Space Acquisition I Corp. faces inherent risks related to its ability to identify and complete a business combination within its timeframe.
Key Numbers
- $500.0B — Total Assets (As of March 31, 2025)
- $1.8M — Total Liabilities (As of March 31, 2025)
- $490.0B — Funds in Trust (As of March 31, 2025)
Key Players & Entities
- Horizon Space Acquisition I Corp. (company) — Filer of the 10-Q
- 0001946021 (company) — Central Index Key for Horizon Space Acquisition I Corp.
- $500,000,000 (dollar_amount) — Total assets as of March 31, 2025
- $1,857,989 (dollar_amount) — Total liabilities as of March 31, 2025
- $490,000,000 (dollar_amount) — Funds in trust account as of March 31, 2025
FAQ
What was the net income or loss for Horizon Space Acquisition I Corp. for the quarter ended March 31, 2025?
The filing does not explicitly state a net income or loss figure for the quarter ended March 31, 2025, but indicates minimal operational costs and significant trust account balances.
What is the total number of shares of ordinary stock outstanding as of March 31, 2025?
The filing indicates 18,579,890 shares of ordinary stock outstanding as of March 31, 2025.
When were the private placement units and warrants issued or relevant?
The filing references private placement units and warrants in relation to dates such as December 31, 2024, and March 31, 2025.
What are the details of the subsequent events mentioned in the filing?
Subsequent events are noted with dates such as April 1, 2025, April 24, 2025, and April 28, 2025, indicating potential post-period-end activities.
What was the initial public offering (IPO) date or period for Horizon Space Acquisition I Corp.?
The filing references historical dates related to the company's formation and initial activities, including August 1, 2022, to August 30, 2022, and June 14, 2022.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 14, 2025 regarding Horizon Space Acquisition I Corp. (HSPWF).