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  4. [8-K] Horizon Space Acquisition I Corp. Reports Material Event

SPAC Horizon Space Acquisition I (OTC: HSPOF) extends deadline to 2027

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Horizon Space Acquisition I Corp. obtained shareholder approval to extend its deadline to complete a business combination or wind up and redeem all public shares to June 12, 2027. The same date was set for the trustee to begin liquidating the SPAC’s trust account if no deal is completed.

Shareholders amended both the charter and the investment management trust agreement, with 2,145,692 votes in favor and no votes against each proposal. In connection with the charter amendment, 34,818 ordinary shares were redeemed, leaving 2,369,416 ordinary shares outstanding.

Positive

  • None.

Negative

  • None.

Insights

Horizon Space extends its SPAC life to mid-2027 with modest redemptions.

Horizon Space Acquisition I Corp. secured strong shareholder support to push its SPAC deadline to June 12, 2027 and align the trust agreement with that date. This gives the sponsor more time to identify and close a business combination before capital is returned.

The vote was decisive, with 2,145,692 votes for and none against both the charter and trust amendments, and about 89.25% of 2,404,234 issued ordinary shares represented. Redemptions of 34,818 shares reduced the share count to 2,369,416, a relatively small change, so the structure remains largely intact while extending the runway.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
New termination date June 12, 2027 Deadline to complete business combination or wind up
Shares outstanding at record date 2,404,234 shares Issued and outstanding ordinary shares as of March 26, 2026
Meeting participation 89.25% Portion of issued ordinary shares represented at shareholder meeting
Votes for amendments 2,145,692 votes For both charter and trust agreement proposals
Shares redeemed 34,818 shares Ordinary shares submitted for redemption with charter amendment
Post-redemption shares 2,369,416 shares Ordinary shares issued and outstanding after redemptions
Investment Management Trust Agreement financial
"approved, among others, the Company to amend the Investment Management Trust Agreement dated December 21, 2022"
A written contract that names who will run and make investment decisions for a trust’s assets, spells out their authority, duties, fees and how performance and risks will be handled. It matters to investors because it defines who is responsible for growing and protecting the money—like hiring a caretaker with a clear job description—and sets the rules and safeguards that affect returns, costs and how disputes or withdrawals are resolved.
Trust Account financial
"to provide that the Trustee must commence liquidation of the Company’s trust account (the “Trust Account”)"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
Amended and Restated Memorandum and Articles of Association regulatory
"amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association"
extraordinary general meeting of shareholders regulatory
"the Company held an extraordinary general meeting of shareholders (the “Shareholder Meeting”)"
A meeting called by a company outside its regular annual meeting to address urgent or special matters that cannot wait until the next scheduled meeting. Investors attend or vote to decide on actions such as major deals, leadership changes, capital-raising, or rule changes; think of it as an emergency board meeting where shareholders have a direct say and the outcomes can quickly change a company’s strategy, ownership stakes, or financial prospects.
business combination financial
"the Company must (i) consummate a business combination, or (ii) cease its operations"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
Termination Date regulatory
"by June 12, 2027 (the “Termination Date”)."
Termination date is the specific calendar day when a contract, agreement, option or other legal arrangement stops being in effect and any remaining rights or obligations expire. For investors it matters because that date sets deadlines for exercising rights, receiving payments, closing positions or avoiding penalties—similar to the day a lease or warranty ends, after which parties no longer have the same protections or claims.
Understanding 8-K Material Events →

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 20, 2026

 

HORIZON SPACE ACQUISITION I CORP.

(Exact name of registrant as specified in its charter)

 

Cayman Islands

 

001-41578

 

N/A

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number) 

 

Identification Number)

 

1412 Broadway, 21st Floor, Suite 21V

New York, NY 10018

(Address of principal executive offices)

 

(646) 257-5537

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act.

 

Title of each class

 

Trading

Symbol

 

Name of each exchange

on which registered

Units, consisting of one Ordinary Share, $0.0001 par value, one redeemable Warrant to acquire one Ordinary Share, and one Right to acquire one-tenth of one Ordinary Share

 

HSPUF

 

OTC Market Group, Inc.

Ordinary Shares, par value $0.0001 per share

 

HSPOF

 

OTC Market Group, Inc.

Redeemable Warrants, each whole warrant exercisable for one Ordinary Share at an exercise price of $11.50

 

HSPWF

 

OTC Market Group, Inc.

Rights, each whole right to acquire one-tenth of one Ordinary Share

 

HSPRF

 

OTC Market Group, Inc.

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On April 20, 2026, Horizon Space Acquisition I Corp., a Cayman Islands exempted company (the “Company”) held an extraordinary general meeting of shareholders (the “Shareholder Meeting”), where the shareholders of the Company approved, among others, the Company to amend the Investment Management Trust Agreement dated December 21, 2022, as further amended (the “Trust Agreement”), by and between the Company and Continental Stock Transfer & Trust Company, a New York limited purpose trust company (the “Trustee”) to provide that the Trustee must commence liquidation of the Company’s trust account (the “Trust Account”) by June 12, 2027. Upon the shareholders’ approval, on April 20,2026 the Company and the Trustee entered into the amendment to the Trust Agreement.

 

A copy of the amendment to the Trust Agreement (the “Trust Amendment”) is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Trust Amendment does not purport to be complete and is subject to, and is qualified in its entirety by, the full text of the Trust Amendment.

 

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

At the Shareholder Meeting, the shareholders of the Company approved the proposal to amend Articles 48.7 and 48.8 of the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter”) to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such Business Combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by June 12, 2027 (the “Termination Date”).

 

A copy of the Amended Charter is attached to this Current Report on Form 8-K as Exhibit 3.1 and is incorporated herein by reference. The foregoing description of the Amended Charter does not purport to be complete and is subject to, and is qualified in its entirety by, the full text of the Amended Charter.

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

On March 26, 2026, the record date of the Shareholder Meeting, there were 2,404,234 issued and outstanding Ordinary Shares, approximately 89.25% of which were represented in person or by proxy at the Shareholder Meeting.

 

The final results for the matter submitted to a vote of the Company’s shareholders at the Shareholder Meeting are as follows:

 

1. The Charter Amendment Proposal

 

The shareholders approved the proposal to amend the Company’s Charter to provide that the Company must (i) consummate a business combination, or (ii) cease its operations except for the purpose of winding up if it fails to complete such business combination and redeem or repurchase 100% of the Company’s public shares included as part of the public units issued in the Company’s initial public offering, by June 12, 2027. The voting results were as follows:

 

FOR

 

AGAINST

 

ABSTAIN

2,145,692

 

0

 

100

 

 
2

 

 

2. The Trust Amendment Proposal

 

The shareholders approved the proposal to amend the Trust Agreement to provide that the Trustee must commence liquidation of the Trust Account by June 12, 2027. The voting results were as follows:

 

FOR

 

AGAINST

 

ABSTAIN

2,145,692

 

0

 

100

 

Item 8.01. Other Events.

 

In connection with the votes to approve the Charter Amendment Proposal, 34,818Ordinary Shares of the Company were rendered for redemption. As a result, the Company has 2,369,416 Ordinary Shares issued and outstanding.

 

Item 9.01 Financial Statements and Exhibits. 

 

Exhibit No.

 

Description

3.1

 

Special resolution of the shareholders of the Company to amend the Amended and Restated Memorandum and Articles of Association dated April 20, 2026

10.1

 

Amendment to the Investment Management Trust Agreement dated April 20, 2026, between the Company and Continental Stock Transfer & Trust Company.

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 
3

 

 

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: April 23, 2026

By:

/s/ Mingyu (Michael) Li

 

 

Name: 

Mingyu (Michael) Li

 

 

Title:

Chief Executive Officer

 

 

 
4

 

Source: View Original Filing on SEC EDGAR

FAQ

What did Horizon Space Acquisition I (HSPOF) shareholders approve on April 20, 2026?

Shareholders approved amendments to the charter and trust agreement extending Horizon Space Acquisition I’s deadline to complete a business combination or wind up and redeem public shares to June 12, 2027, aligning both governing documents with the new termination timeline.

What is the new termination date for Horizon Space Acquisition I (HSPOF)?

The new termination date is June 12, 2027. By that date, Horizon Space Acquisition I must either complete a business combination or cease operations for winding up and redeem or repurchase all public shares from its initial public offering.

How did Horizon Space Acquisition I (HSPOF) shareholders vote on the charter amendment?

The charter amendment received 2,145,692 votes for, 0 against, and 100 abstentions. This approval modifies Articles 48.7 and 48.8 to formalize the June 12, 2027 deadline for completing a business combination or winding up and redeeming public shares.

What change was made to Horizon Space Acquisition I’s trust agreement?

The trust agreement was amended so the trustee must commence liquidation of the trust account by June 12, 2027. This synchronizes the trust account’s liquidation timing with the SPAC’s extended deadline to complete a business combination or begin winding up.

How many Horizon Space Acquisition I (HSPOF) shares were redeemed in connection with the extension?

In connection with approving the charter amendment, 34,818 ordinary shares were submitted for redemption. After these redemptions, Horizon Space Acquisition I reported 2,369,416 ordinary shares issued and outstanding, slightly reducing its public float while preserving most of its capital base.

What was Horizon Space Acquisition I’s shareholder participation at the extraordinary meeting?

On the March 26, 2026 record date, Horizon Space Acquisition I had 2,404,234 issued and outstanding ordinary shares. Approximately 89.25% of these shares were represented in person or by proxy at the extraordinary general meeting, indicating high shareholder engagement in the extension vote.

Filing Exhibits & Attachments

7 documents

Agreements & Contracts

Other Documents