Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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., a Cayman Islands SPAC, reported a net loss of $214,150 for the six months ended June 30, 2026, driven by $231,999 of formation and operating costs, partially offset by $17,849 of interest and dividend income on trust investments. Total assets were $964,521, including $204,176 of cash and $753,670 of investments held in the Trust Account.
Liabilities totaled $6,488,228, including $1,970,000 of promissory notes to Squirrel group entities, $1,759,003 of related-party working capital loans, and a $2,415,000 deferred underwriters’ discount, resulting in a shareholders’ deficit of $6,277,377. Only 58,666 public shares remain subject to redemption, with 2,369,416 ordinary shares outstanding after prior redemptions.
The company’s charter and trust agreement were amended to extend the deadline to complete a business combination to June 12, 2027, with no further extension fees required. Management disclosed a working capital deficit of $3,862,377 and concluded that these conditions raise substantial doubt about the company’s ability to continue as a going concern if no business combination is completed by the termination date.
Horizon Space Acquisition I Corp. reported a Q1 2026 net loss of $123,564 as it continued to seek a business combination.
Cash outside the trust was only $25,977 with a working capital deficit of $3,764,317, while the Trust Account held $1,190,366. Management stated that these conditions raise substantial doubt about the company’s ability to continue as a going concern.
The SPAC has repeatedly extended its merger deadline, most recently to June 12, 2027 via an April 2026 shareholder vote, funded largely through $1,970,000 of extension promissory notes and $1,474,003 of working capital loans from its sponsor and related parties.