Horizon Space Acquisition I Corp. Secures $300,000 Promissory Note from Sponsor for Business Expansion

Reuters
14 Jun
<a href="https://laohu8.com/S/HSPOU">Horizon Space Acquisition I Corp.</a> Secures $300,000 Promissory Note from Sponsor for Business Expansion

Horizon Space Acquisition I Corp., a Cayman Islands exempted company, has entered into a new financing agreement with Horizon Space Acquisition I Sponsor Corp., also a Cayman Islands company. On June 13, 2025, Horizon Space Acquisition I Corp. issued an unsecured promissory note worth $300,000 to its sponsor. The note, which carries no interest, is intended to provide general working capital as the company approaches its initial business combination. It is payable upon the consummation of the business combination or the expiry of the company's term, whichever comes first. Notably, the sponsor has the option to convert this note into private units of the company, including ordinary shares, warrants, and rights, under specified conditions. This arrangement is exempt from registration under the Securities Act of 1933.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Space Acquisition I Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001929980-25-000498), on June 13, 2025, and is solely responsible for the information contained therein.

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