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Horizon Space Acquisition II Corp. filed an 8-K describing a press release that clarifies how public shareholders can redeem their shares around its proposed business combination with SL BIO Ltd. and related extension proposals.
Shareholders who already submitted redemption requests for the February 12, 2026 Business Combination Meeting and want their public shares redeemed whether the business combination closes or the extension is approved must instruct the transfer agent to redeem those shares for the Extension Proposals by 5:00 p.m. Eastern Time on February 11, 2026.
If the Extension Meeting on February 13, 2026 is not held and the Extension Proposals are not implemented, any shares submitted for redemption for both meetings will be redeemed upon consummation of the business combination unless the holder withdraws the request. The filing confirms there is no change to the time, location, record date or proposals for the Business Combination Meeting.
Horizon Space Acquisition II Corp. is asking shareholders to approve amendments to its charter and trust agreement at a February 13, 2026 extraordinary meeting. These changes would let the SPAC extend its deadline to complete an initial business combination, including the proposed SL Bio merger, from February 18, 2026 up to February 18, 2027 through up to twelve one‑month extensions.
For each monthly extension, the sponsor or its designee would deposit the lesser of $50,000 or $0.033 per remaining public share into the trust account. Public shareholders may redeem some or all public shares in connection with the extension vote for cash equal to their pro rata portion of the trust, which was about $10.53 per share as of December 29, 2025, compared with a Nasdaq closing price of $10.55 that day. If the extension is not approved and no deal closes by the current deadline (or existing extensions), the company may redeem all public shares and liquidate, and the rights in the units would expire worthless.
Horizon Space Acquisition II Corp. (HSPT) has postponed its extraordinary general meeting to approve the proposed business combination with SL BIO Ltd. The meeting, originally set for February 3, 2026, is rescheduled to February 12, 2026 at 9:00 a.m. Eastern Time to allow more time to engage with shareholders.
The record date remains December 29, 2025, so only shareholders of that date may vote. The deadline for public shareholders to submit redemption requests is extended to 5:00 p.m. Eastern Time on February 10, 2026. The meeting location and all proposals in the previously mailed definitive proxy statement are unchanged.