Horizon Space Acquisition I Corp. Reports Material Agreements & Equity Sales

TL;DR

Horizon Space Acquisition I Corp. entered/terminated material agreements, took on debt, and sold equity on Sept 29.

AI Summary

Horizon Space Acquisition I Corp. filed an 8-K on October 3, 2025, reporting events as of September 29, 2025. The filing indicates the entry into and termination of a material definitive agreement, the creation of a direct financial obligation, and unregistered sales of equity securities. Specific details regarding the nature of these agreements and the terms of the equity sales are not elaborated in the provided text.

Why It Matters

This filing signals significant corporate actions, including potential new financial obligations and equity transactions, which could impact the company's financial structure and shareholder value.

Risk Assessment

Risk Level: medium — The filing mentions both the entry into and termination of material definitive agreements, alongside the creation of financial obligations and unregistered equity sales, suggesting potential volatility and uncertainty.

Key Players & Entities

• Horizon Space Acquisition I Corp. (company) — Registrant
• September 29, 2025 (date) — Earliest event reported
• October 3, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — nits, consisting of one Ordinary Share, $0.0001 par value , one redeemable Warrant to a
• $11.50 — Ordinary Share at an exercise price of $11.50 HSPOW The Nasdaq Stock Market LLC
• $2,415,000 — nderwriting commission in the amount of $2,415,000, or 3.5% of the gross proceeds from the
• $3.00 — hares of the post-combination entity at $3.00 per share (the " Deferred Underwriting
• $120,000 — nsor ") and/or its designee, depositing $120,000 (the " Monthly Extension Fee ") into th
• $10.00 — al amount payable to the Sponsor by (y) $10.00. The issuance of the Note was made pur

Filing Documents

• hspo_8k.htm (8-K) — 43KB
• hspo_ex101.htm (EX-10.1) — 17KB
• hspo_ex102.htm (EX-10.2) — 33KB
• 0001929980-25-000663.txt ( ) — 253KB
• hspo-20250929.xsd (EX-101.SCH) — 6KB
• hspo-20250929_lab.xml (EX-101.LAB) — 18KB
• hspo-20250929_cal.xml (EX-101.CAL) — 1KB
• hspo-20250929_pre.xml (EX-101.PRE) — 13KB
• hspo-20250929_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. Termination of the Business Combination Agreement Effective October 3, 2025, Horizon Space Acquisition I Corp., a Cayman Islands exempted company (the " Company ") and Squirrel Enlivened Technology Co., Ltd, a Cayman Islands exempted company (" Squirrel HoldCo ") entered into a termination agreement (the " Termination Agreement "), a copy of which is filed as Exhibit 2.1 hereto, which provides for the termination of the business combination agreement dated September 16, 2024 (the " Business Combination Agreement "), by and among the Company, Squirrel HoldCo, Squirrel Enlivened International Co., Ltd, a Cayman Islands exempted company and a wholly-owned subsidiary of Squirrel HoldCo (" Squirrel Cayman "), and Squirrel Enlivened Overseas Co., Ltd, a Cayman Islands exempted company and wholly-owned subsidiary of Squirrel Cayman. The termination was by mutual agreement of the Company and Squirrel HoldCo pursuant to Section 10.1(a) of the Business Combination Agreement and no termination fee or other payment is due to either party from the other as a result of the termination. The effect of the termination of the Business Combination Agreement is as set forth in Section 10.2 of the Business Combination Agreement. Amendment to the Underwriting Agreement On September 29, 2025, the Company entered into an amendment to the underwriting agreement dated as of December 21, 2022 (the " UA Amendment ") with Network 1 Financial Securities, Inc. (" Network 1 "), the representative of several underwriters of the Company's initial public offering (the " IPO "). Pursuant to the UA Amendment, Network 1 agrees to convert the total amount of its deferred underwriting commission in the amount of $2,415,000, or 3.5% of the gross proceeds from the IPO, into 805,000 ordinary shares of the post-combination entity at $3.00 per share (the " Deferred Underwriting Shares ") immediately prior to the consummation of the Company's initi

02 Termination of a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement. The disclosures set forth under Item 1.01 of this Report with respect to the Termination Agreement are incorporated by reference into this Item 1.02 to the extent required herein. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosures set forth under Item 1.01 of this Report with respect to the Note are incorporated by reference into this Item 2.03 to the extent required herein.

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. The information disclosed under Item 1.01 of this Report is incorporated by reference into this Item 3.02 to the extent required herein. The Deferred Underwriting Shares are entitled to certain registration rights. The Units (and the underlying securities) issuable upon conversion of the Note, if any, (1) may not, subject to certain limited exceptions, be transferable or salable by the Sponsor until the completion of the Company's initial business combination and (2) are entitled to registration rights. 3

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Amendment No. 1 to the Underwriting Agreement dated September 29, 2025, by and between the Company and Network 1 Financial Securities, Inc. 10.2 Extension Promissory Note, dated September 30, 2025, issued by the Company to Horizon Space Acquisition I Sponsor Corp.. 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: October 3, 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