Horizon Space Acquisition I Corp. Files 8-K

TL;DR

HSAC filed an 8-K on Jan 24, 2025, indicating a material agreement and financial obligation.

AI Summary

Horizon Space Acquisition I Corp. (HSAC) entered into a Material Definitive Agreement on January 24, 2025. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The company is a blank check company focused on real estate and construction.

Why It Matters

This 8-K filing signals a significant development for Horizon Space Acquisition I Corp., potentially related to a business combination or financial commitment.

Risk Assessment

Risk Level: medium — 8-K filings often precede significant corporate actions, but the specific nature of the agreement and obligation is not detailed, requiring further investigation.

Key Players & Entities

• Horizon Space Acquisition I Corp. (company) — Registrant
• January 24, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — its, consisting of one Ordinary Share , $0.0001 par value, one redeemable Warrant to ac
• $11.50 — Ordinary Share at an exercise price of $11.50 HSPOW The Nasdaq Stock Market LLC
• $120,000 — nsor ") and/or its designee, depositing $120,000 (the " Monthly Extension Fee ") into th

Filing Documents

• hspo_8k.htm (8-K) — 43KB
• hspo_ex101.htm (EX-10.1) — 29KB
• 0001929980-25-000049.txt ( ) — 239KB
• hspo-20250124.xsd (EX-101.SCH) — 7KB
• hspo-20250124_lab.xml (EX-101.LAB) — 18KB
• hspo-20250124_cal.xml (EX-101.CAL) — 1KB
• hspo-20250124_pre.xml (EX-101.PRE) — 14KB
• hspo-20250124_def.xml (EX-101.DEF) — 6KB
• hspo_8k_htm.xml (XML) — 8KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. The disclosures set forth under Item 2.03 are incorporated by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Horizon Space Acquisition I Corp., a Cayman Islands exempted company (the " Company " or " HSPO "), currently had until January 27, 2025 to complete its initial business combination pursuant to its amended and restated memorandum and articles of association. However, the Company may extend the period of time to consummate a business combination by up to eleven one-month extensions, up to December 27, 2025, subject to Horizon Space Acquisition I Sponsor Corp., a Cayman Islands company, the sponsor of the Company (the " Sponsor ") and/or its designee, depositing $120,000 (the " Monthly Extension Fee ") into the trust account of the Company (the " Trust Account "). On January 24, 2025, an aggregate of $120,000 of the Monthly Extension Fee was deposited into the Trust Account for the public shareholders, which enables the Company to extend the period of time it has to consummate its initial business combination by one month from January 27, 2025 to February 25, 2025 (the " Extension "). The payment of the Monthly Extension Fee was made by Squirrel Enlivened (Hong Kong) Technology Limited ( " Squirrel HK "), pursuant to that certain Agreement and Plan of Merger (the " Business Combination Agreement ") dated September 16, 2024, by and among the Company, Squirrel Enlivened Technology Co., Ltd, a Cayman Islands exempted company (" Squirrel HoldCo "), Squirrel Enlivened International Co., Ltd, a Cayman Islands exempted company and a wholly-owned subsidiary of Squirrel HoldCo (" Squirrel Cayman "), Squirrel Enlivened Overseas Co., Ltd, a Cayman Islands exempted company and a wholly-owned subsidiary of Squirrel Cayman (" Merger Sub ") in connection with the proposed business combination (the " Business Combination "). The

Forward-Looking Statements

Forward-Looking Statements This Report includes forward looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts and may be accompanied by words that convey projected future events or outcomes, such as "believe," "may," "will," "estimate," "continue," "anticipate," "design," "intend," "expect," "could," "plan," "potential," "predict," "seek," "target," "aim," "plan," "project," "forecast," "should," "would," or variations of such words or by expressions of similar meaning. Such forward-looking statements, including statements regarding anticipated financial and operational results, projections of market opportunity and expectations, the estimated post-transaction enterprise value, the advantages and expected growth of Squirrel HoldCo and its subsidiaries, including among others Squirrel Cayman, Merger Sub, Shenzhen Squirrel Enlivened Media Group Co. Ltd (collectively as enumerated in accordance with the Business Combination Agreement, the " Squirrel Companies ") , the cash position of Squirrel Companies following the Merger Closing (as defined in the Business Combination Agreement), the ability of Squirrel Companies and HSPO to consummate the proposed Business Combination and the timing of such consummation, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the section entitled "Risk Factors" in HSPO's Annual Report on Form 10-K filed with the SEC on April 1, 2024 (the " Form 10-K "), HSPO's final prospectus dated December 22, 2022 filed with the SEC (the " Final Prospectus ") related to HSPO's initial public offering, and in other documents filed by HSPO with the SEC from time to time. Important factors that could cause the combined company's actual results or outcomes to differ materially from those discussed in the forward-looking st

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Form of Extension Promissory Note to be issued by the Company to Squirrel Enlivened (Hong Kong) Technology Limited. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 4

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Horizon Space Acquisition I Corp. Date: January 30, 2025 By: /s/ Mingyu (Michael) Li Name: Mingyu (Michael) Li Title: Chief Executive Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR