Horizon Space (HSPT) files Form 12b-25; 10-K delayed
Horizon Space Acquisition II Corp. notified the SEC it will file its Annual Report on Form 10-K late.
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Rhea-AI Filing Summary
Horizon Space Acquisition II Corp. notified the SEC it will file its Annual Report on Form 10-K late. The company says additional time is needed to assemble information and expects to file within the 15-calendar-day grace period. It also discloses a $690,000 Extension Fee deposited on or about November 17, 2025 that extended the deadline to February 18, 2026, and states this payment will produce a significant change in results for the fiscal year ended December 31, 2025 versus the prior year. The notification is signed by CEO Mingyu (Michael) Li.
Insights
Late 10-K filing tied to material transaction affecting fiscal results.
The company cites internal work needed to finalize the Form 10-K and invokes Rule 12b-25 relief, committing to file within the 15-day extension window. The filing explicitly links a $690,000 Extension Fee deposit on November 17, 2025 to a materially different result for fiscal year 2025.
Financial impact depends on how the Extension Fee is recorded (expense versus trust mechanics); subsequent filings will show line-item treatment and the precise earnings effect for FY 2025.
Sponsor-funded extension disclosed; governance and timing clarified.
The Sponsor or its designee deposited the Extension Fee to prolong the SPAC’s life to February 18, 2026. The notice follows Form 12b-25 protocols and is signed by the CEO, indicating executive awareness and formal authorization.
Watch the forthcoming 10-K for details on related-party disclosures, accounting classification of the fee, and any sponsor/designee arrangements referenced in the notice.
Key Figures
Key Terms
Extension Fee financial
Trust Account financial
Form 12b-25 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Horizon Space Acquisition II (HSPT) file in its Form 12b-25?
How much was the Extension Fee and who paid it for HSPT?
To what new deadline was HSPT’s SPAC life extended?
Will the late filing affect HSPT’s reported results for fiscal 2025?
Who signed the Form 12b-25 for HSPT and when?
AI-generated analysis. How Rhea-AI works. Not financial advice.