Here are the 10-K annual reports from Horizon Space Acq I (HSPOF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow HSPOF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HSPOF filings page.
Horizon Space Acquisition I Corp. files its annual report as a SPAC that has not yet completed an initial business combination and terminated its prior merger agreement with Squirrel Enlivened entities effective October 3, 2025 without any termination fee. The company has repeatedly extended its combination deadline through shareholder votes and now has until April 27, 2026, with significant redemptions at each extension. After redemptions, the Trust Account held $1,179,991 as of December 31, 2025, while cash outside the trust was $35,894, and the company reported 2025 net income of $203,618 driven by interest on trust investments. Management discloses a working capital deficiency, dependence on sponsor and affiliate loans totaling $1.8 million in working capital notes and $2.16 million of extension funding, and concludes there is substantial doubt about its ability to continue as a going concern if no business combination is completed. In December 2025, Horizon voluntarily delisted from Nasdaq and its securities began trading on OTC markets under new symbols, while an amendment converted $2,415,000 of deferred underwriting fees into 805,000 shares of the post‑combination entity immediately before any future business combination.