HSPO SEC filings, in plain English
Everything Horizon Space Acquisition I Corp. has filed with the SEC that we hold — 40 filings, newest first, 39 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Quarterly report (10-Q) for the period ended June 30, 2026, filed by Horizon Space Acquisition I Corp. (HSPO), a blank-check company searching for a business combination. The filing reports the successful extension of the business combination deadline to June 12, 2027, approved at an extraordinary general meeting on April 20, 2026. No further extension fees are required to be deposited into the Trust Account. The Company also redeemed 34,818 ordinary shares for approximately $0.44 million in connection with this meeting, reducing the trust-held shares to 58,666. Post-quarter, on July 20, 2026, the Company issued a $500,000 convertible promissory note to the sponsor for working capital. The prior business combination agreement with Squirrel Enlivened Technology Co., Ltd was terminated in October 2025. The Company voluntarily delisted from Nasdaq and began trading on OTC Markets in December 2025. The Company continues to report a working capital deficit and has disclosed material weaknesses in internal controls over financial reporting. Trust value decreased from $12.62 to $12.85 per share. Why it matters: The extension to June 12, 2027 (with no further extension fees) provides the most concrete deadline for a potential deal. The continued shareholder redemptions and cash burn highlight the SPAC's fragile financial condition and reliance on sponsor loans. The disclosure of material weaknesses in internal controls, coupled with the voluntary delisting, should heighten investor scrutiny on governance. The continued sponsorship from high-level debt and working capital loans indicates sponsor support but also potential conflicts of interest at the time of a business combination.
trust account, combination deadline, going-concern doubt +1nothing moved · 4 with no prior record of ours
- Trust account
- $1.2Mnot matched in this filing
- Combination deadline
- 2027-06-12 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $190K · unchanged
The clause …“directors or their affiliates. In addition, if we are unable to complete a business combination by June 12, 2027 (the “Combination Period”), our board of directors would proceed to commence a voluntary liquidation and thereby a”…
The clause …“for the upcoming year. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
The clause …“Extension Notes”). As of June 30, 2026 and December 31, 2025, the Company had borrowings of $ 190,000 , under the Sponsor Extension Notes from the Sponsor. Working Capital Loans In addition, in order to finance transaction costs in”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 8-K Current Report disclosing the entry into a material definitive agreement and the creation of a direct financial obligation, accompanied by Exhibit 10.1 containing the executed Sponsor Promissory Note. According to the filing dated July 20, 2026, Horizon Space Acquisition I Corp. issued an unsecured promissory note for a principal amount of $500,000 to Horizon Space Acquisition I Sponsor Corp. The document states proceeds may be drawn for general working capital until an initial business combination is consummated, carries no interest, and matures on the earlier of business combination closing or term expiry. The note outlines specific events of default—including failure to pay within five business days of the Maturity Date, voluntary or involuntary bankruptcy, cross-defaults, enforcement proceedings, or contractual invalidity—that permit immediate acceleration of the unpaid balance. Upon business combination completion, the sponsor holds an optional right to convert outstanding principal into private units using a formula that divides the principal by $10.00. Each resulting unit comprises one ordinary share ($0.0001 par value), one redeemable warrant exercisable at $11.50, and one right to acquire one-tenth of one ordinary share. Conversion requires written notice at least two business days prior to closing, with fractional math resolved in cash. The note expressly waives the sponsor’s claim against trust account funds, stipulating that non-completion repayment relies solely on non-trust corporate assets. Mingyu (Michael) Li, acting as CEO, CFO, and Director, executed the agreement. Why it matters: This administrative financing update does not amend the stated June 12, 2027 redemption deadline or modify the reported $12.85 per share trust valuation. Mechanically, it establishes a working capital reserve that extends operational runway without triggering a formal trust extension vote. From a capital structure standpoint, the document confirms that any converted sponsor debt will introduce dilutive securities locked until business combination completion, carrying statutory registration rights and calculated at the contracted $10.00 conversion denominator. By contractually ring-fencing the trust account from this obligation, the filing ensures public redemption proceeds remain insulated from sponsor-funded creditor claims if the search fails. The default and acceleration clauses heighten repayment visibility should operating liquidity deplete before a target is secured. The document contains no claims regarding prospective customers, revenue metrics, target sector sizing, proprietary technology, management partnerships, or pending litigation.
What changed: 10-Q quarterly report (unaudited condensed financial statements). Shareholders extended the deadline to complete a business combination from April 27, 2026 to June 12, 2027. In connection with the extension, 34,818 public shares were redeemed for $444,170, reducing public shares to 58,666. The sponsor issued an additional $300,000 working capital note in January 2026, increasing total working capital loan capacity to $1,800,000. Cash fell to $25,977 with a working capital deficit of $3.76 million; management reiterated substantial doubt about going concern. Why it matters: The extension provides over a year to find a new target after the Squirrel merger was terminated, but the SPAC has almost no cash outside trust and is dependent on sponsor loans. Trust value per share is $12.73, but only 58,666 public shares remain, so any future deal will be tiny. Material internal control weaknesses persist.
What changed vs 2025-11-26trust $23.1M → $1.2M -95%deadline 2026-04-27 → 2027-06-12trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $23.1M$1.2M
- Combination deadline
- 2026-04-272027-06-12
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $190K · unchanged
- Redeemable shares
- 1.86Mnot matched in this filing
SpacBrain reads this as $21,900,819 left the trust between the two filings.
The clause “4 Prepaid expenses 10,680 14,685 Total current assets 36,657 50,579 Investments held in Trust Account 1,190,366 1,179,991 Total Assets $ 1,227,023 $ 1,230,570 Liabilities, Temporary Equity, and Shareholders' Deficit Current liabilities:”…
SpacBrain reads this as 411 days later than the previous record.
The clause …“directors or their affiliates. In addition, if we are unable to complete a business combination by June 12, 2027 (the “Combination Period”), our board of directors would proceed to commence a voluntary liquidation and thereby a”…
The clause …“for the upcoming year. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
The clause “Extension Notes”). As of March 31, 2026 and December 31, 2025, the Company had borrowings of $ 190,000 , under the Sponsor Extension Notes from the Sponsor. Working Capital Loans In addition, in order to finance transaction costs in”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 8-K Current Report disclosing the results of an extraordinary general meeting held April 20, 2026, where shareholders approved amendments to the Amended and Restated Memorandum and Articles of Association and the Investment Management Trust Agreement. Per the 8-K and Exhibits 3.1 and 10.1, the filing establishes June 12, 2027, as the definitive Termination Date to consummate a business combination. If the deadline passes without a deal, Article 48.7 mandates ceasing operations, winding up, and redeeming 100% of public shares for cash equal to the Trust Account balance plus interest (minus taxes and up to $100,000 in dissolution expenses) divided by then-outstanding public shares. The Trust Agreement amendment legally compels Continental Stock Transfer & Trust Company to commence liquidation by June 12, 2027. Item 8.01 states that 34,818 ordinary shares were redeemed upon approval, reducing the share count from the March 26, 2026 record date figure of 2,404,234 to 2,369,416. Item 5.07 records that 89.25% of the record-date shares participated, with 2,145,692 votes FOR both proposals, 0 AGAINST, and 102 total abstentions (documented as 100 and 2). Why it matters: This filing materially resets the SPAC redemption calendar, replacing the preceding expiration window (cited as ending April 27, 2026 in the amended charter language) with a rigid June 12, 2027 liquidation trigger. The documented redemption of 34,818 shares immediately contracts the remaining trust capital base and public float, directly impacting the numerator and denominator used to calculate final per-share distributions for holders who do not sell. By statutorily binding the trustee to a fixed wind-down protocol and securing near-unanimous shareholder consent, the corporate secretary removes extension discretion and forces a binary outcome framework for investors tracking trust value decay and liquidity events. The document contains no revenue forecasts, customer disclosures, market size estimates, strategic pivot announcements, technology roadmaps, partnership agreements, pending litigation, or executive departures; all operative terms originate exclusively from the board-managed corporate restructuring detailed in the filing.
What changed: Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed by Horizon Space Acquisition I Corp. (HSPO), a blank-check SPAC searching for a business combination. The Business Combination Agreement with Squirrel Enlivened was terminated effective October 3, 2025, with no termination fee. The company voluntarily delisted from Nasdaq on December 12, 2025, and now trades on the OTC market. Through four shareholder meetings, the deadline to complete a business combination was extended to April 27, 2026 (no further extension fee required). Massive redemptions reduced public shares subject to redemption from 1,857,989 at year-end 2024 to just 93,484 at year-end 2025. Trust account assets fell from $21.3 million to $1.18 million. The company has a working capital deficit of $3.63 million and only $35,894 cash on hand. A new auditor (TAAD LLP) was appointed in January 2026. Material weaknesses in internal control over financial reporting were identified. Why it matters: The SPAC has essentially depleted its trust and faces a hard deadline of April 27, 2026, with no announced target. The low trust value ($12.622 per share as of December 31, 2025) reflects heavy redemptions, and the company’s ability to continue as a going concern is in substantial doubt. Without a new business combination, shareholders face liquidation with likely minimal proceeds after expenses. The delisting to OTC reduces liquidity. Sponsor and related-party loans (total $1.8 million working capital loans, $2.16 million extension notes) indicate reliance on sponsor support, but conversion features could dilute further. Investors should monitor for any new deal announcement or liquidation timeline.
What changed vs 2025-03-28trust $21.3M → $3.2M -85%deadline 2025-04-27 → 2026-04-27trust account, combination deadline, sponsor loans outstanding +22 moved · 3 with no prior record of ours
- Trust account
- $21.3M$3.2M
- Combination deadline
- 2025-04-272026-04-27
- Sponsor loans outstanding
- not previously extracted$190K
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 1.86Mnot matched in this filing
SpacBrain reads this as $18,148,546 left the trust between the two filings.
The clause …“a net income of $2,112,351 which consisted of interest and dividend income of $3,171,545 on investments held in Trust Account which was offset by operating cost of $1,059,194. Liquidity and Capital Resources As of December 31, 2025, we”…
SpacBrain reads this as 365 days later than the previous record.
The clause …“realization of its business plan is dependent upon its ability to complete a business combination on or before April 27, 2026, which is less than one year from the issuance date of the financial statements. If a business combination is”…
The clause ““Sponsor Extension Notes”). As of December 31, 2025, and 2024, the Company had borrowings of $ 190,000 and $ 70,000 , under the Sponsor Extension Notes from the Sponsor. Working Capital Loans In addition, in order to finance transaction”…
The clause …“consummation of a business combination. In connection with our assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: An 8-K Current Report acting as a proxy statement supplement to correct an arithmetic error regarding the estimated per-share redemption price for Horizon Space Acquisition I Corp.'s upcoming shareholder vote. The company disclosed that its April 2 preliminary filing incorrectly calculated the estimated redemption amount. Based on the amount in the Trust Account as of March 26, 2026, the corrected estimated redemption price is approximately $12.725 per public share, up from the prior $11.66. Consequently, the open market comparison was updated: redeeming shares would now result in receiving approximately $0.49 more per share than selling at the $12.24 OTCQB record date closing price, reversing a previous projection that redemption would yield roughly $0.58 less. The extraordinary general meeting for the MAA Amendment Proposal extends the business combination deadline to June 12, 2027, and remains scheduled for April 20, 2026. Why it matters: This correction directly impacts the redemption calculus for public shareholders just days before the record date. By increasing the projected redemption value by $1.065 per share, the gap between the cash redemption price and the public trading price narrows significantly, likely shifting shareholder behavior toward exercising redemption rights rather than selling in the secondary market. This reduces the number of shares redeemed, preserves more trust proceeds for the extended period, and alters the effective cost of the extension. Management's miscalculation also warrants scrutiny regarding internal controls around trust accounting before the vote. No other terms, deadlines, or trust agreement mechanics are altered.
What changed: This filing is a supplemental proxy solicitation material (Form 8-K/DEFA14A) that amends and supplements Horizon Space Acquisition I Corp.’s previously issued definitive proxy statement. The Company reports a corrected estimated per-share redemption price for public shares. Based on the Trust Account balance as of March 26, 2026, the Company originally disclosed approximately $11.66 per share but now states the corrected amount is approximately $12.725 per share. Regarding the proposal to amend the charter to extend the business combination deadline to June 12, 2027 (subject to approval at the April 20, 2026 Extraordinary Meeting), the Company revises its comparison to the open market. Previously, the Company stated redeeming would result in receiving approximately $0.58 less per share than the $12.24 OTCQB closing price on the Record Date. The Company now discloses that redeeming would result in receiving approximately $0.49 more per share than the $12.24 market price. The Company confirms no changes to the meeting logistics, record date, or the accompanying conditional amendment to the Investment Management Trust Agreement dated December 21, 2022. Why it matters: The revision flips the disclosed economic incentive for public shareholders from a redemption discount to a redemption premium relative to the secondary market, directly affecting redemption election timing and proxy voting behavior ahead of the April 20, 2026 meeting. The filing confirms the SPAC’s ongoing pursuit of the June 12, 2027 extension deadline while attributing the initial valuation discrepancy to an arithmetic miscalculation by Company management. Chief Executive Officer Mingyu (Michael) Li signed the supplement on April 6, 2026. The document contains no new business combination targets, sponsor transaction disclosures, revenue metrics, or litigation updates.
What changed: Definitive proxy statement (DEF 14A) filed by Horizon Space Acquisition I Corp. to solicit shareholder votes on proposals to extend the deadline to complete an initial business combination from April 27, 2026 to June 12, 2027, and to amend the trust agreement accordingly. HSPO seeks shareholder approval to extend its business combination deadline by approximately 14 months to June 12, 2027. The SPAC's prior deal with Squirrel Enlivened Technology was terminated in October 2025. A new non-binding LOI with Sandbox Inc. (robotics/AI) was signed on January 22, 2026, but the company believes it cannot close by the current deadline of April 27, 2026. The trust account holds approximately $1.19 million as of March 26, 2026. The company voluntarily delisted from Nasdaq in December 2025 and now trades on OTC. Public shareholders may redeem at ~$11.66 per share. Insiders (87.79% ownership) will vote for the extension. Redemption deadline is prior to the shareholder meeting on April 20, 2026. Why it matters: This filing is material because it provides the SPAC's latest status: after terminating its only definitive deal (Squirrel), it has a new LOI with Sandbox Inc., but needs more time to negotiate a definitive agreement. The trust value has been heavily eroded by prior redemptions (now ~$1.19M from original $70M+). The redemption price ($11.66) is below the OTC market price ($12.24), but liquidity is uncertain. The extension, if approved, gives HSPO until June 2027 to find a deal. If not approved, the SPAC will liquidate. The high insider ownership ensures approval, but public shareholders face a decision to redeem or risk further dilution/wait. The document also discloses sponsor loans, extension fees, and potential PFIC status.
What changed vs 2025-10-14deadline 2026-04-27 → 2027-06-12combination deadline1 moved
- Combination deadline
- 2026-04-272027-06-12
SpacBrain reads this as 411 days later than the previous record.
The clause …“an amendment to the extension of the deadline to consummate an initial Business Combination to allow that, if the Company is not able to complete its initial Business Combination by June 12, 2027; and 66 Table of Contents (b)”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 12b-25, Notification of Late Filing. This is a Form 12b-25 notification filed by Horizon Space Acquisition I Corp. stating that its Form 10-K for the period ended December 31, 2025, was delayed because the Company requires additional time to work internally to assemble certain documents as required by auditors, with filing anticipated within fifteen calendar days of the prescribed due date. Regarding redemption deadlines, trust value, extensions, and deal progress, the Company reports that on October 27, 2025, shareholders amended the charter to move the business combination deadline to October 27, 2025, followed by up to six monthly extensions bringing the final deadline to April 27, 2026. In connection with this amendment, public shareholders redeemed 1,764,505 Ordinary Shares, triggering the release of approximately $22.0 million from the trust account. To fund each monthly extension, the Company deposited a total of $2,160,000 into the trust account as of December 31, 2025. Chief Executive Officer Mingyu Li attributes the anticipated significant change in results of operations for the fiscal year to these trust deposits and the payout for redemptions. The filing contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or other personnel beyond identifying Mingyu Li as the signing Chief Executive Officer and primary contact. Why it matters: Late Form 10-K notifications immediately signal administrative or audit friction, delaying investor verification of the trust balance and sponsor compliance. For SPAC investors tracking the calendar, the extension mechanism shifts the survival timeline to April 27, 2026, meaning redemption windows are closed and the remaining shares now carry extended expiration risk. The disclosure of $22.0 million in outflows against $2,160,000 in extension deposits indicates net trust erosion per surviving share, which materially alters the implied liquidation value calculation for holders who did not redeem. The absence of any substantive operating updates confirms the entity remains a pre-business combination vehicle, making the upcoming April 2026 deadline the sole catalyst for price discovery.
What changed: Preliminary proxy statement (PRE 14A) filed by Horizon Space Acquisition I Corp. (HSPO) seeking shareholder approval to amend its charter (MAA) and trust agreement to extend the deadline to complete an initial business combination from April 27, 2026 to June 12, 2027, along with an adjournment proposal. The company proposes to extend the deadline to June 12, 2027 (from the current April 27, 2026). The prior deal with Squirrel Enlivened Technology Co. was terminated in October 2025. No new definitive agreement has been announced. HSPO voluntarily delisted from Nasdaq to OTC in December 2025. The sponsor and Squirrel provided extension notes totaling $2.16 million; additional sponsor notes of $1.8 million exist. Redemption rights are offered to public shareholders in connection with the extension vote. The trust value per share is stated as $12.85 (from your prompt, though not in the filing text). Why it matters: This is a critical extension vote to avoid liquidation. Shareholders must decide whether to redeem at ~$12.85 per share (approximate trust value) or stay invested in a SPAC that has no current target, has been delisted, and faces potential PFIC and investment company risks. The sponsor and insiders hold ~87.79% of shares and will vote for the extension, but redemption requests could significantly deplete trust assets. The outcome will determine whether HSPO continues searching for a deal or liquidates by June 12, 2027.
What changed: A Schedule 13G/A amendment accompanied by Exhibit I, a routine compliance exhibit titled 'JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)'. The filing reports no changes to HSPO’s redemption timeline, trust value, liquidation deadline, target search progress, or sponsor conduct. The document consists solely of a procedural acknowledgment dated February 13, 2026, signed by Joy Ausili (identifying herself as Trustee, Vice President and Assistant Secretary) and Chad Eisenberg (identifying himself as Chief Operating Officer). They confirm that First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC will execute future 13G/A amendments jointly, while each retains independent liability for the completeness and accuracy of its own disclosed positions. Why it matters: For investors tracking the SPAC’s mechanics and governance, this submission matters because it preserves the continuous Section 13(d) reporting chain for a consolidated First Trust investment group as the pre-death window nears, preventing disclosure fragmentation and ensuring transparent beneficial ownership tracking. The document contains zero claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel; all referenced entity names, dates, and professional titles originate solely from the filing header and the signatories’ printed credentials. While the excerpt provides no proprietary metrics or operational updates, routine joint-filing acknowledgments confirm that institutional monitoring of the trust and capitalization tables remains active under SEC rules and may signal continued portfolio-level scrutiny ahead of potential extension or de-spac events.
What changed: Routine compliance exhibit: a Schedule 13G/A beneficial ownership amendment and its accompanying Joint Filing Agreement for Ordinary Shares of Horizon Space Acquisition I Corp. The filing amends a previously reported Schedule 13G, though the excerpt does not specify the exact number of shares or percentage points that shifted between filings. It confirms that Westchester Capital Management, LLC, Virtus Investment Advisers, LLC, and The Merger Fund are aggregating their positions and filing jointly under Rule 13d-1(k) of the Securities Exchange Act of 1934. Execution was attributed to CaSaundra Wu (Chief Compliance Officer), Chetram Persaud (Chief Compliance Officer), and Daphne Chisolm (Vice President, Counsel and Assistant Secretary) on February 13, 2026. Why it matters: For investors tracking redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, this document bears no weight on the SPAC’s SEARCHING status, its trust mechanics, its stated deadline, or any extension or merger negotiations. It contains zero claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. The sole substance is procedural: institutional shareholders consolidating reporting obligations per the signed agreement.
What changed: A routine compliance exhibit (Limited Power of Attorney, Exhibits A and B) attached to a Schedule 13G/A filing, executed on 2-12-2026 by Mizuho Financial Group, Inc., Mizuho Bank, Ltd., Mizuho Americas LLC, and Mizuho Securities USA LLC to delegate signing authority for Section 13(d) and Section 13(g) reporting regarding HSPO securities. This filing excerpt reports zero modifications to HSPO’s redemption deadlines, trust account value per share, extension mechanisms, target acquisition progress, or sponsor conduct. As attributed by the executing Mizuho entities, the only reported update is administrative: the companies have formally assigned execution responsibility for their SEC exchange-reporting obligations to designated officers (Takahiro Katsura, Hidekatsu Take, and Adam Hopkins). Mizuho Financial Group classifies itself as an 'A non-U.S. institution equivalent to Bank,' Mizuho Americas LLC as 'A parent holding company,' and Mizuho Securities USA LLC as 'A registered Broker-Dealer.' Primary office locations are cited as 1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan, and 1271 Avenue of the Americas, NY, NY 10020, USA. Why it matters: Because the text contains exclusively boilerplate signing delegations and subsidiary classifications, it provides no data on investor liquidation windows, trust preservation trajectories, merger clock extensions, or business combination velocity. The exhibit merely documents Mizuho’s internal compliance routing for statutory disclosure duties and offers no actionable signals regarding HSPO’s corporate actions, capital structure, or deal timeline.
What changed: Form 8-K Current Report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically addressing Item 4.01 (Changes in Registrant’s Certifying Accountant) and Item 9.01 (Financial Statements and Exhibits), accompanied by Exhibit 16.1 containing the departing auditor’s consent letter. Horizon Space Acquisition I Corp. announced that, upon approval by the Board of Directors and the Audit Committee, it dismissed UHY LLP as its independent registered public accounting firm and appointed TAAD LLP to serve as the independent auditor for the fiscal year ended December 31, 2025. The registrant stated that UHY’s audits for the fiscal years ended December 31, 2023 and 2024 contained no adverse opinions, disclaimers, or modifications, and that there were no disagreements on accounting principles, financial statement disclosures, or auditing scope or procedure through January 22, 2026. The company further confirmed there were no reportable events as defined by Regulation S-K, and that neither the Company nor anyone on its behalf consulted TAAD LLP prior to engagement regarding specified transactions or audit opinions. Chief Executive Officer Mingyu (Michael) Li executed the report. The filing also restates the issuer’s securities registration, confirming each whole redeemable warrant is exercisable for one ordinary share at an exercise price of $11.50. Why it matters: The filing does not modify the redemption deadline, trust account distribution mechanics, extension voting schedule, or business combination search status. For investors tracking sponsor conduct and deal sequencing, the accounting firm transition reflects standard administrative renewal rather than internal control failures or valuation disputes, given the registrant’s explicit certifications of clean audit histories and zero prior disagreements. Because the sponsor remains in a searching phase without an identified target, the auditor switch does not immediately trigger redemption triggers or affect the January 2027 liquidation horizon, though holders should monitor whether TAAD LLP’s appointment aligns with upcoming quarterly or annual financial reporting requirements preceding a de-SPAC transaction.
What changed: A Form 8-K current report and accompanying Sponsor Promissory Note exhibit disclosing the entry into a material definitive agreement and the creation of a direct financial obligation. According to the Sponsor Promissory Note exhibit attached to this 8-K, Horizon Space Acquisition I Corp. issued an unsecured promissory note with a principal amount of $500,000 to Horizon Space Acquisition I Sponsor Corp. The filing states the note funds general working capital purposes until the earlier of consummating a business combination or the maturity date. The instrument bears no interest. The sponsor retains an optional, non-obligatory right to convert the outstanding principal into private units by dividing the sum of the outstanding principal by $10.00. The payee expressly waived all right, title, interest, or claim to the trust account funds, stipulating that if the maker does not consummate a business combination, repayment draws solely from non-trust assets. The public redemption deadline of 2027-06-12 and the documented trust/share value of $12.85 remain unaffected. Redeemable warrants retain a $11.50 exercise price, ordinary shares carry a $0.0001 par value, and whole rights entitle holders to acquire one-tenth (1/10) of one ordinary share. Why it matters: This filing confirms the sponsor is extending working capital liquidity to sustain pre-combination operations, which preserves the $12.85 per-share trust value from being drawn to service debt. The explicit trust account waiver shields public shareholder redemption mechanics from creditor priority claims tied to this obligation. The $10.00 conversion denominator establishes baseline private unit economics conditional on a successful merger, though conversion remains entirely at the sponsor's discretion. The document contains no claims regarding customers, revenue, market size, strategic technology, commercial partnerships, pending litigation, or target selection progress. Personnel references are restricted to Chief Executive Officer, Chief Financial Officer, and Director Mingyu (Michael) Li executing the agreement. The registrant identifies as an emerging growth company located at 1412 Broadway, 21st Floor, Suite 21V, New York, NY 10018.
What changed: A Form 8-K current report (Item 3.01) disclosing a voluntary delisting from the Nasdaq Capital Market, accompanied by two press releases and signed by Chief Executive Officer Mingyu (Michael) Li. The Company notified Nasdaq on December 3, 2025, of its decision to voluntarily delist its ordinary shares, units, warrants, and rights. Trading will suspend before market open on December 12, 2025, and commence on OTCQB (ordinary shares, rights, warrants) and OTCID (units) the same day. According to Nasdaq Rule IM-5101-2, the Company will face immediate suspension from listing upon reaching the 36-month deadline of December 21, 2025, calculated from the IPO registration effectiveness date of December 21, 2022. While the Company’s Amended and Restated Memorandum and Articles of Association extend the internal deadline to April 27, 2026, the filing states Nasdaq rules require completion within 36 months regardless of charter provisions. Following redemptions at an extraordinary general meeting on October 27, 2025, the filing reports 2,404,234 ordinary shares issued and outstanding, consisting of 93,484 public shares, 1,725,000 founder shares, 385,750 ordinary shares included in the private units, and 200,000 representative shares. Whole warrants retain an exercise price of $11.50. The filing does not disclose the per-share trust value. Why it matters: Management and the sponsor state they remain committed to and actively searching for a suitable alternative target after mutually terminating the business combination agreement with Squirrel Enlivened Technology Co., Ltd. on October 3, 2025. However, it is 'reasonably expected' the Company could not complete an initial business combination by December 21, 2025. The Board unanimously determined that voluntary delisting was in the overall best interests of the Company because the market value of listed securities fell below the $35,000,000 minimum under Nasdaq Listing Rule 5550(b)(2), public holders fell below 300 under Rule 5550(a)(3), publicly held shares fell below 500,000 under Rule 5550(a)(4), and the market value of publicly held securities fell below $1 million under Rule 5550(a)(5). The Board cited the likely inability to regain compliance and the significant costs associated therewith. Shareholders are informed that no action is required and ownership interests will not be affected, though the transition to OTC markets may alter trading dynamics ahead of any future redemption or liquidation event.
What changed: Quarterly report on Form 10-Q for the period ended September 30, 2025. Business combination agreement with Squirrel HoldCo terminated effective October 3, 2025. At the October 27, 2025 shareholder meeting, shareholders approved extending the deadline to April 27, 2026 (with up to six monthly extensions) and eliminated the $5,000,001 net tangible asset limitation on redemptions. 1,764,505 ordinary shares were redeemed for approximately $22.0 million following that meeting, reducing the public share count to 2,404,234. The trust value per share as of September 30, 2025 was $12.428, and the trust held $23,091,185. As of September 30, 2025, the SPAC had cash of $7,679 and a working capital deficit of approximately $3.4 million, leading management to express substantial doubt about the company's ability to continue as a going concern. The underwriter agreed to convert its $2,415,000 deferred fee into 805,000 ordinary shares of the post-combination entity at $3.00 per share. Why it matters: The SPAC is now searching for a new target after its only announced deal fell through. It has very little cash outside the trust ($7,679), a significant working capital deficit ($3.4 million), and must complete a business combination by April 27, 2026 or liquidate. The large redemption triggered by the October 2025 meeting ($22 million) dramatically depleted the trust. Sponsor and Squirrel-related parties have been funding extension payments, but the termination of the business combination agreement means that funding source may be uncertain going forward.
What changed vs 2025-08-11trust $22.5M → $23.1M +3%deadline 2025-12-27 → 2026-04-27sponsor loan $70K → $190Ktrust account, combination deadline, sponsor loans outstanding +23 moved · 2 with no prior record of ours
- Trust account
- $22.5M$23.1M
- Combination deadline
- 2025-12-272026-04-27
- Sponsor loans outstanding
- $70K$190K
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 1.86M · unchanged
SpacBrain reads this as $596,466 was added to the trust between the two filings.
The clause “$ 7,815 Prepaid expenses 21,250 - Total current assets 28,929 7,815 Investments held in Trust Account 23,091,185 21,320,091 Total Assets $ 23,120,114 $ 21,327,906 Liabilities, Temporary Equity, and Shareholders' Deficit Current”…
SpacBrain reads this as 121 days later than the previous record.
The clause …“directors or their affiliates. In addition, if we are unable to complete a business combination by April 27, 2026 (if fully extended) (the “Combination Period”), our board of directors would proceed to commence a voluntary”…
SpacBrain reads this as the sponsor has advanced $120,000 more.
The clause …“Notes”). As of September 30, 2025 and December 31, 2024, the Company had borrowings of $ 190,000 and $ 70,000 , under the Sponsor Extension Notes from the Sponsor. Working Capital Loans In addition, in order to finance transaction”…
The clause …“for the upcoming year. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
The clause …“and outstanding as of September 30, 2025 and December 31, 2024 (excluding 1,857,989 shares subject to possible redemption) 231 231 Additional paid-in capital - - Accumulated deficit ( 5,863,960 ) ( 4,389,235 ) Total Shareholders'”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 12b-25 Notification of Late Filing for the Quarterly Report on Form 10-Q for the period ended September 30, 2025. This filing discloses a delayed submission of the quarterly financial report. Regarding deal and trust mechanics, Chief Executive Officer Mingyu (Michael) Li stated the company experienced internal delays assembling documents required by auditors, and committed to filing within five calendar days of the prescribed deadline. On extension and trust mechanics, management reported that cumulative extension fee deposits into the trust account totaled $840,000 as of September 30, 2024, and $2,160,000 as of September 30, 2025. The company also noted a significant anticipated change in third-quarter results of operations relative to the prior year, attributing it exclusively to these extension deposits. No information was provided regarding target identification, negotiation status, customer contracts, revenue streams, technology, partnerships, litigation, or executive turnover beyond listing Mr. Li as CEO and primary contact. Why it matters: The documented $2,160,000 in cumulative extension payments (per management) directly consumes capital previously earmarked for shareholder return or business acquisition, signaling continued sponsor commitment to extend the combination window while simultaneously eroding net trust value per public share absent reimbursement. By stating that operational variance stems solely from these deposits, leadership confirms the SPAC remains in an active search phase with no transaction momentum. The auditor-driven reporting delay introduces administrative risk; investors tracking the combination timeline should monitor whether future periodic filings face similar friction, as prolonged administrative lag can coincide with deteriorating liquidity or governance strain before a final resolution.
What changed: Schedule 13G/A — an amended beneficial ownership report filed under Section 13(d) of the Securities Exchange Act. The provided excerpt identifies only the amended filers: Wolverine Asset Management LLC, Wolverine Trading Partners, Inc., Wolverine Holdings, L.P., Christopher L. Gust, and Robert R. Bellick. It contains no share quantities, transaction dates, percentage thresholds, acquisition notices, or commentary regarding Horizon Space Acquisition I Corp.’s trust account, shareholder redemptions, combination timeline, extension proposals, or sponsor conduct. Why it matters: A 13G/A amendment signals a correction or update to a prior disclosure, which commonly involves shifting from passive to active investment intent, revising aggregate ownership across affiliated entities, or documenting a post-threshold transaction. While the supplied text lacks the operative numbers or statements that would normally reveal how much stock the Wolverine group holds or whether its position changes voting leverage during the SEARCHING phase, the filing’s existence requires verification of the full SEC exhibit for the actual adjusted share count, filing date, and intent designation. Institutional amendments during the pre-deal period can sometimes indicate accumulating liquidity or board-level engagement, but the excerpt itself provides no evidence of redemption pressure, trust adjustments, extension votes, or target development.
What changed: Form 8-K Current Report (a routine compliance exhibit) detailing shareholder approvals at an extraordinary general meeting to amend the Company’s Charter and Investment Management Trust Agreement. Following the document identification, the filing reports critical mechanics governing redemption deadlines, trust liquidation, extensions, and sponsor conduct: shareholders approved shortening the business combination deadline to October 27, 2025, with an automatic extension mechanism granting the board authority to pursue up to six one-month extensions without further shareholder approval, moving the absolute liquidation cutoff to April 27, 2026. Each authorized extension legally requires the Sponsor or its designees to deposit additional funds into the Trust Account. The amendments simultaneously eliminate the prior restriction prohibiting redemptions if net tangible assets would fall below US$5,000,001 afterward. As a direct result of these approvals, 1,764,505 Ordinary Shares were rendered for redemption, reducing the company to 2,404,234 issued and outstanding shares. The Trust Amendment binds Continental Stock Transfer & Trust Company to commence liquidation aligned with the new October 27, 2025 target or the extended April 27, 2026 date. Voting data confirms 4,168,739 shares were outstanding on the October 7, 2025 record date, with approximately 98.7% participation; the NTA exemption passed 2,801,460 to 1,314,363, and the deadline extension passed 2,792,979 to 1,322,844. Public warrants maintain a fixed exercise price of $11.50, while the revised redemption formula calculates cash payouts from the Trust Account balance net of taxes, explicitly referencing a minimum historical baseline of $10.175 per share plus extension deposits, and permitting up to $100,000 of interest to fund dissolution expenses. Why it matters: Then reviewing whatever else of substance the document contains: the filing makes zero claims about customers, revenue, market size, strategy, technology, or partnerships. Its remaining non-mechanical substance is confined to corporate governance and personnel actions validated by the recorded votes: directors Mark Singh and Rodolfo Jose Gonzalez Caceres were re-elected for three-year terms (each tallying 2,801,438 votes for and 1,314,383 against), and UHY LLP was appointed as the independent registered public accounting firm for the fiscal year ending December 31, 2025 (2,801,440 votes for). For investors tracking redemption calendars, trust distributions, and sponsor behavior, the accelerated primary deadline paired with the removal of the US$5,000,001 net tangible asset floor fundamentally alters the risk profile, allowing mass redemptions that previously would have forced early wind-downs. The unilateral extension authority shifts bargaining power to existing management during the six-month grace period, while the confirmed departure of 1,764,505 shares structurally reduces the public float ahead of the October 27, 2025 contingency date, directly impacting capital allocation and per-share trust entitlements going forward.
What changed: Definitive Proxy Statement (DEF 14A) filed by Horizon Space Acquisition I Corp. (HSPO) for an extraordinary general meeting in lieu of an annual general meeting. The filing proposes several amendments to extend the SPAC's deadline and remove a net tangible asset redemption limitation after the termination of a merger agreement with Squirrel Enlivened Technology Co., Ltd. Key proposals include: (1) eliminating the $5,000,001 net tangible assets redemption limitation (NTA Requirement Amendment); (2) extending the deadline to complete a business combination from October 27, 2025, with up to six one-month extensions to April 27, 2026, without further shareholder vote (MAA Amendment); (3) amending the Trust Agreement to reflect the new deadline; (4) re-electing Class II directors; (5) appointing UHY LLP as auditor; and (6) an adjournment proposal. The company has no current target after the Squirrel merger termination. Why it matters: The filing is critical for redemption calendar and trust value mechanics. It offers public shareholders a redemption election at approximately $12.38 per share (vs. $12.27 market price as of the record date), with a redemption deadline prior to the October 27, 2025 meeting. The NTA amendment, if approved, removes the $5,000,001 NTA floor on redemptions, which could allow mass redemptions that threaten deal viability. The extension proposals grant up to six additional months (to April 2026) to find a new target. The filing also discloses potential Nasdaq delisting risk if a business combination is not completed by December 21, 2025 (36-month listing rule). Insiders (50.63% ownership) plan to vote for all proposals, providing near-certain approval.
What changed vs 2024-11-19deadline 2025-12-27 → 2026-04-27combination deadline1 moved
- Combination deadline
- 2025-12-272026-04-27
SpacBrain reads this as 121 days later than the previous record.
The clause …“to consummate a business combination or liquidate if not able to complete a business combination within the prescribed timeline after effectuating six New Monthly Extensions in full and before April 27, 2026, it is estimated that”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Preliminary proxy statement (PRE 14A) filed by Horizon Space Acquisition I Corp. (HSPO) for an extraordinary general meeting of shareholders in lieu of an annual meeting, soliciting votes on six proposals including an amendment to extend the deadline to complete a business combination and to eliminate the net tangible assets redemption restriction. The filing discloses that the previously announced business combination with Squirrel Enlivened Technology Co., Ltd. was terminated by mutual agreement effective October 3, 2025, with no termination fee. HSPO now seeks shareholder approval to: (1) amend its charter to extend the deadline to consummate a business combination from October 27, 2025 to up to April 27, 2026 (up to six one-month extensions without further shareholder vote), with the sponsor or designee depositing a New Extension Fee (lesser of $[__] for all remaining public shares or $[__] per share) for each extension; (2) amend the trust agreement accordingly; (3) eliminate the existing limitation that prohibits redemptions if they would cause net tangible assets to fall below $5,000,001, relying instead on the Nasdaq listing exclusion from penny stock rules; (4) re-elect Class II directors Mark Singh and Rodolfo Jose Gonzalez Caceres; (5) appoint UHY LLP as independent auditor for fiscal year 2025; and (6) adjourn the meeting if needed to solicit more votes. The MAA and trust amendments are cross-conditioned; the NTA amendment is conditioned on the extension proposals. Public shareholders may redeem shares at the trust value per share regardless of vote. Insiders owning 50.63% of shares intend to vote in favor. Why it matters: This filing represents a critical fork for HSPO. Without approval, the company will liquidate and redeem public shares after October 27, 2025. Approval buys up to six more months to find a new target after the failed Squirrel deal, but redemptions could shrink the trust. Eliminating the $5,000,001 net tangible asset cap removes a constraint on redemptions but risks the combined entity failing to meet Nasdaq listing standards, potentially subjecting it to penny stock rules. The board recommends approval, and insider ownership makes passage likely. The trust per share is $12.85 (as per prompt), and as of June 30, 2025 the trust held approximately $22.49 million. The Record Date is October 7, 2025.
What changed: SEC Form 8-K Current Report disclosing termination of a planned merger, an amendment to the underwriting agreement, and a sponsor-funded extension deposit accompanied by a promissory note. Mechanics first: According to Item 1.02, Horizon Space Acquisition I Corp. and Squirrel Enlivened Technology Co., Ltd. (along with affiliated entities Squirrel Enlivened International Co., Ltd and Squirrel Enlivened Overseas Co., Ltd) mutually terminated their business combination agreement dated September 16, 2024, effective October 3, 2025, pursuant to Section 10.1(a), with zero termination fees or payments owed by either party. Per Item 2.03 and Exhibit 10.2, Horizon Space Acquisition I Sponsor Corp. deposited $120,000 into the Trust Account on September 26, 2025, extending the Company’s deadline to consummate a business combination from September 27, 2025, to October 27, 2025. In exchange, the Company issued a $120,000 unsecured promissory note dated September 30, 2025, bearing no interest, payable upon the earlier of business combination consummation or term expiry, featuring standard default triggers (bankruptcy, cross-default, enforcement proceedings) and a non-mandatory conversion right allowing the Sponsor to receive private units (each consisting of one ordinary share, one warrant, and one right to acquire one-tenth of one ordinary share) calculated by dividing the outstanding principal by $10.00. Under Item 1.01 and Exhibit 10.1, signed by Chief Executive Officer Mingyu (Michael) Li and Network 1 Managing Director Adam Pasholk, the Company amended its December 21, 2022 underwriting agreement to convert the $2,415,000 deferred underwriting commission (exactly 3.5% of IPO gross proceeds) into 805,000 ordinary shares priced at $3.00 per share immediately prior to closing, granting Network 1 up to two demand registrations and unlimited piggyback registration rights, with explicit forfeiture language directing those funds to distribute pro-rata to public shareholders alongside the Trust Account upon liquidation. Other substance: The filing contains no operational disclosures regarding customers, revenue streams, market size estimates, proprietary technology, or strategic partnerships, consistent with a SEARCHING-status SPAC. Personnel updates are limited to signature authorities. No active litigation is cited beyond standard contractual event-of-default definitions in the extension note. Why it matters: The mutual termination strips the overhang of the Squirrel Enlivened transaction, resetting shareholder expectations and compression time to a fixed October 27, 2025 liquidation horizon, which directly governs when redemption notices become viable and trust value distribution calculations commence. The Sponsor’s deployment of $120,000 demonstrates continued capital commitment to preserve public options, while the attached promissory note’s structural waiver of recourse against Trust Account Funds ensures that public redemptions remain insulated from sponsorship leverage in a liquidation scenario. The underwriting amendment fundamentally alters post-combination dilution math by substituting a $2,415,000 cash payout with 805,000 newly issued ordinary shares, thereby preserving near-term liquidity but capping float expansion ahead of any future merger vote. Concurrently, the mandated registration pathway and pro-rata liquidation fallback protect public holders from underwriter claim seniority. Together, these filings shift the risk/reward calculus toward an accelerated second-search phase, clarify how sponsorship debt converts to equity, and lock in regulatory disclosure obligations for any successor acquisition vehicle.
What changed: A Current Report on Form 8-K disclosing the receipt of a monthly extension fee and the creation of a direct financial obligation under Item 1.01 and Item 2.03, accompanied by an Extension Promissory Note as Exhibit 10.1. According to the 8-K, Horizon Space Acquisition I Corp. extended its initial business combination deadline from August 27, 2025 to September 27, 2025 after depositing $120,000 into the Trust Account for public shareholders. The filing states this payment consumes one of four permitted one-month extensions, with the absolute final deadline capped at December 27, 2025. Per the reported agreement, Squirrel Enlivened (Hong Kong) Technology Limited advanced the $120,000 fee under a Business Combination Agreement dated September 16, 2024. In return, HSPO executed a $120,000 zero-interest promissory note maturing upon the earlier of deal consummation or term expiration. The 8-K, signed by Chief Executive Officer Mingyu (Michael) Li, further notes that Squirrel Cayman submitted a Form F-4 registration statement containing a preliminary proxy statement for the proposed merger with Squirrel HoldCo, Squirrel Cayman, Merger Sub, and Shenzhen Squirrel Enlivened Media Group Co Ltd. Why it matters: Section 2.03 disclosures indicate the extension preserves the SPAC’s listing status and delays mandatory redemption or liquidation triggers until at least September 27, 2025. According to Section 11 of the promissory note attached to the filing, the payee explicitly waives any claim to Trust Account Funds, meaning Squirrel HK’s recovery rights default to non-trust corporate assets alone if the business combination terminates. Because the extension capital originated from the target’s affiliate rather than the formal sponsor entity, the cash flow mechanics diverge from typical sponsor-funded extensions. Regarding deal fundamentals, the filing contains no substantive claims regarding customers, revenue, market size, technology, or litigation; it exclusively reports regulatory filing activity, personnel authorization via CEO Mingyu (Michael) Li, and timeline adjustments tied to the Squirrel transaction.
What changed: A Form 8-K Current Report filed pursuant to Rule 425 under the Securities Act, serving as a routine compliance exhibit and written communication that discloses the issuance of an extension promissory note and the funding of a monthly trust deposit. According to the filing, HSPO originally had until August 27, 2025, to complete its initial business combination. On August 25, 2025, an aggregate of $120,000 was deposited into the Trust Account, exercising a one-month extension that pushes the business combination deadline to September 27, 2025. Per the Agreement and Plan of Merger dated September 16, 2024, this Monthly Extension Fee was paid by Squirrel Enlivened (Hong Kong) Technology Limited (“Squirrel HK”), rather than the Sponsor directly. In exchange, HSPO issued an unsecured promissory note (Exhibit 10.1) for $120,000 to Squirrel HK that bears no interest, is payable upon the earlier of consummation or term expiry, and accrues default interest at the prevailing short-term United States Treasury Bill rate if overdue. Section 11 of the note explicitly waives the payee’s right to seek repayment from Trust Account Funds, stipulating that recovery must occur solely from non-trust assets if the merger fails. The company also confirms that Squirrel Cayman has filed a Form F-4 registration statement including a preliminary proxy statement for the proposed combination with Squirrel HoldCo and its subsidiaries. Why it matters: This filing materially updates HSPO’s redemption calendar by securing a verified extension to September 27, 2025, preserving the trading, voting, and redemption windows for public shareholders. The structural safeguard in the note ensures that the $120,000 extension fee and resulting debt obligation cannot be satisfied using public trust proceeds, thereby protecting trust value ($12.85 per share as noted in the tracker data) from depletion during the extension period. The use of a target-affiliated entity to fund the fee under a pre-existing merger agreement indicates continued sponsor and target alignment toward closing the Squirrel transaction. Additionally, the company’s forward-looking statements section projects market opportunities, expected growth advantages for Squirrel HoldCo, and anticipated post-transaction enterprise value, while cautioning that outcomes may differ due to limited operating history, macroeconomic demand shifts, redemption impacts on available cash, and Nasdaq listing compliance requirements. Investors tracking the deal should monitor the imminent mailing of the definitive proxy statement and prepare for shareholder approval votes ahead of the new late-August/early-September deadline.
What changed: A Form 8-K Current Report filed pursuant to Rule 425 under the Securities Act of 1933 and deemed filed under Rule 14a-12 under the Securities Exchange Act of 1934, submitted by Squirrel Enlivened International Co., Ltd. as written communications and soliciting material related to a proposed business combination with Horizon Space Acquisition I Corp. HSPO’s initial business combination deadline has shifted forward by thirty days, moving from August 27, 2025 to September 27, 2025. To trigger this change, Squirrel Enlivened (Hong Kong) Technology Limited deposited a $120,000 Monthly Extension Fee into the Trust Account on August 25, 2025. Consistent with terms outlined by HSPO, the company issued an unsecured $120,000 promissory note to Squirrel HK that bears zero interest but accrues default interest at the prevailing short-term United States Treasury Bill rate if payments become overdue. Executed by HSPO Chief Executive Officer Mingyu (Michael) Li, the note matures upon the earlier of a successful business combination or corporate term expiration, carries standard bankruptcy and cross-default event triggers, and contains an explicit waiver preventing the payee from seeking recourse against the Trust Account, requiring repayment exclusively from non-trust funds if the merger collapses. Why it matters: This extension utilizes the first of four permitted monthly renewals, preserving the contractual ceiling that caps the total lifespan at December 27, 2025. By channeling the $120,000 extension payment through a subsidiary designee and documenting it as an unsecured, non-trust-recourse debt instrument, the sponsor effectively shields the public shareholders’ trust balance from encumbrance while demonstrating continued operational commitment ahead of the new September cutoff. The filing confirms that Squirrel Cayman has already lodged a Form F-4 registration statement and preliminary proxy with the SEC, meaning definitive voting materials, redemption instructions, and structural details are imminent. Other substantive disclosures include securities specifications (whole warrants priced at $11.50 and fractional rights capturing one-tenth of one Ordinary Share), personnel signatures by Zhao Ang Xiong of Squirrel HK, and forward-looking projections regarding anticipated financial results, estimated post-transaction enterprise value, and the Squirrel Companies’ projected post-closing cash position. These strategic claims are expressly attributed to HSPO and Squirrel HoldCo, accompanied by explicit disclaimers warning that actual outcomes could materially diverge due to factors including limited operating histories, integration execution risks, Nasdaq listing standard compliance, and variable cash availability dependent on public shareholder redemption behavior. None of these forward-looking assertions carry an obligation for periodic updates outside formal regulatory filings.
What changed: A routine compliance exhibit containing limited powers of attorney attached to a Schedule 13G/A filing. The filing discloses no changes to HSPO’s redemption deadline, trust value per share, extension status, deal progress, or sponsor conduct. It omits updated beneficial ownership percentages, acquisition dates, or stated purposes for the amendment. Why it matters: This document serves exclusively as an internal authorization instrument for regulatory filings. According to the text, Hidekatsu Take, identified as Deputy President & Corporate Executive, grants full power and authority to Takahiro Katsura to execute, amend, supplement, and timely file Forms 13G on behalf of Mizuho Financial Group, Inc. Adam Hopkins, identified as Chief Legal Officer of Mizuho Americas LLC and Managing Director, General Counsel of Mizuho Securities USA LLC, executes parallel authorizations for those subsidiaries. The document lists subsidiary principal office addresses—1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan for Mizuho Bank, Ltd., and 1271 Avenue of the Americas, NY, NY 10020, USA for Mizuho Americas LLC and Mizuho Securities USA LLC—but contains zero claims regarding HSPO’s customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Because it addresses only SEC submission logistics, it does not affect redemption mechanics, trust distribution timing, or business combination prospects.
What changed: Quarterly report on Form 10-Q for the period ended June 30, 2025. The trust value increased from $21,320,091 at December 31, 2024 to $22,494,719 at June 30, 2025, driven by monthly extension fee deposits of $720,000 and interest/dividend income of $454,628. Redemption value per share rose from $11.475 to $12.107. The SPAC's deadline to consummate a business combination was extended to August 27, 2025, via seven monthly extension fees totaling $840,000 deposited by the target (Squirrel HK and Squirrel Shenzhen). A new $300,000 working capital loan from the sponsor was issued on June 13, 2025. The company's working capital deficit increased to $3,001,291, and management again notes substantial doubt about the company's ability to continue as a going concern. Why it matters: This filing confirms the SPAC is alive but burning cash with only $13,259 outside the trust. The extension fees are now being paid by the target company (Squirrel), not the sponsor, which indicates the target is highly motivated to close. The redemption value per share ($12.107) provides a clear floor for shareholders evaluating whether to redeem. The going concern warning is repeated, but the continuous monthly extensions suggest the deal is still on track.
What changed vs 2025-05-14trust $21.9M → $22.5M +3%trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $21.9M$22.5M
- Combination deadline
- 2025-12-27 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $70K · unchanged
- Redeemable shares
- 1.86M · unchanged
SpacBrain reads this as $589,876 was added to the trust between the two filings.
The clause “$ 7,815 Prepaid expenses 42,500 - Total current assets 55,759 7,815 Investments held in Trust Account 22,494,719 21,320,091 Total Assets $ 22,550,478 $ 21,327,906 Liabilities, Temporary Equity, and Shareholders' Deficit Current”…
The clause …“directors or their affiliates. In addition, if we are unable to complete a business combination by December 27, 2025 (if fully extended) (the “Combination Period”), our board of directors would proceed to commence a voluntary”…
The clause …“for the upcoming year. In connection with the Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s Accounting Standards Update (“ASU”) 2014-15, “Disclosures of”…
The clause …“Extension Note”). As of June 30, 2025 and December 31, 2024, the Company had borrowings of $ 70,000 , under the Sponsor Extension Note from the Sponsor. Working Capital Loans In addition, in order to finance transaction costs in”…
The clause …“issued and outstanding as of June 30, 2025 and December 31, 2024 (excluding 1,857,989 shares subject to possible redemption) 231 231 Additional paid-in capital - - Accumulated deficit ( 5,416,522 ) ( 4,389,235 ) Total Shareholders'”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 425 written communication and Form 8-K Current Report disclosive of a proposed business combination extension, accompanied by Exhibit 10.1 containing an extension promissory note. First, this document is a Form 425 written communication and Form 8-K Current Report disclosive of a proposed business combination extension, accompanied by Exhibit 10.1 containing an extension promissory note. Second, regarding mechanics, the merger timeline extends from July 27, 2025, to August 27, 2025, following a $120,000 deposit into the Trust Account on July 25, 2025, paid by Squirrel Enlivened (Hong Kong) Technology Limited pursuant to the September 16, 2024 Agreement and Plan of Merger. HSPO issued an unsecured, zero-interest promissory note dated July 28, 2025, principal amount US$120,000, payable upon the earlier of business combination consummation or term expiry. The Payee contractually waives all rights to Trust Account Funds, with repayment drawing only from non-trust assets if the deal fails. Third, concerning other substance, the filing contains forward-looking representations regarding the estimated post-transaction enterprise value, cash position, and expected growth of the 'Squirrel Companies' (including Squirrel HoldCo, Squirrel Cayman, Merger Sub, and Shenzhen Squirrel Enlivened Media Group Co. Ltd), which are explicitly attributed to Squirrel Cayman and HSPO. Trading securities include units, ordinary shares at a $0.0001 par value, warrants exercisable at $11.50, and rights for one-tenth of one ordinary share, all registered on Nasdaq. Execution was signed by Mingyu (Michael) Li as CEO, CFO and Director for HSPO, and ZHAO ANG XIONG as CEO for the Payee. Why it matters: It advances the redemption and closing calendar by exactly thirty days while preserving four remaining monthly extension windows through December 27, 2025. It shifts sponsorship funding mechanics to a designated affiliate rather than the named SPAC Sponsor, and creates a direct $120,000 corporate liability with standard acceleration triggers that operate outside the trust environment. For investors tracking capital structure, it confirms the Payee has waived trust recourse, meaning public shareholders’ pooled proceeds remain insulated from this extension fee obligation even if the SPAC liquidates. The absence of new commercial terms, revenue projections, or customer disclosures limits operational insight, making this a structurally focused update rather than a valuation catalyst.
What changed: A Form 8-K current report and Rule 425 written communication disclosing the funding of a one-month extension fee and the issuance of a corresponding promissory note. The registrant states that the initial business combination deadline shifts from July 27, 2025, to August 27, 2025. This mechanical update follows the July 25, 2025, deposit of $120,000 into the Trust Account for public shareholders. The filing reports that Squirrel Enlivened (Hong Kong) Technology Limited advanced the $120,000 Monthly Extension Fee, prompting Horizon Space Acquisition I Corp. to issue an unsecured promissory note dated July 28, 2025, for $120,000 to the same entity. The note stipulates zero interest, maturity upon the earlier of business combination closing or term expiration, and explicitly removes the lender’s right to seek repayment from the Trust Account Funds. Why it matters: The filing confirms the sponsor’s designee funded the extension through a direct corporate advance backed by an issuer note, shielding the trust balance from external claims and preserving full redemption value. Deal progress contextually advances as the registrant and Squirrel Companies disclose a filed Form F-4 registration statement that incorporates a preliminary proxy statement and prospectus for the proposed merger with Squirrel HoldCo, Squirrel Cayman, Merger Sub, and Shenzhen Squirrel Enlivened Media Group Co. Ltd. The note’s default framework lists triggers including bankruptcy, cross-defaults, and enforcement actions, governed by New York law, with “business day” defined by simultaneous banking operations in China and New York. Forward-looking projections concerning market opportunity, post-merger cash positions, and enterprise value are made by the registrant and Squirrel Companies but are expressly disclaimed and tied to risks catalogued in the March 28, 2025, Form 10-K and the December 22, 2022, Final Prospectus.
What changed: A Form 8-K Current Report that discloses entry into a material definitive agreement and the creation of a direct financial obligation, specifically documenting the deposit of a monthly extension fee into the trust account and the issuance of a corresponding unsecured promissory note to fund that extension. Horizon Space Acquisition I Corp. extended its deadline to consummate an initial business combination from July 27, 2025 to August 27, 2025 following the July 25, 2025 deposit of $120,000 into the trust account. The filing states the payment was made by Squirrel Enlivened (Hong Kong) Technology Limited under a merger agreement dated September 16, 2024 targeting the Squirrel Companies (Squirrel HoldCo, Squirrel Cayman, Merger Sub, and Shenzhen Squirrel Enlivened Media Group Co. Ltd). The company issued an unsecured, interest-free $120,000 promissory note dated July 28, 2025 to the payee, with explicit terms limiting repayment to non-trust funds if the merger fails to close. The document outlines the five-extension framework allowing a final deadline of December 27, 2025, reaffirms warrant terms of $11.50 per share exercisable for one ordinary share, and notes each right converts to one-tenth of one ordinary share. Why it matters: According to the registrant’s forward-looking statements, management projects discussion of post-transaction enterprise value, anticipated market opportunity, expected growth of the Squirrel Companies, and the combined entity’s cash position following potential redemptions. Chief Executive Officer Mingyu (Michael) Li executed the report, and Zhao Ang Xiong, identified as CEO of the payee, signed the note. The filing incorporates standard risk disclosures regarding Nasdaq listing standards, security holder approvals, and redemption-induced liquidity constraints. The extension prevents an immediate liquidation event, keeping the redemption window open through August 27, 2025 while directing the $120,000 fee into the trust account for public shareholders. Isolating the $120,000 extension debt from the trust via explicit waiver language preserves the existing trust balance for redemptions or merger consideration, avoiding dilution during the extension period. The counterparty-funded extension highlights ongoing negotiation leverage tied to the Squirrel Companies transaction, while the forward-looking projections about cash position and growth indicate active due diligence despite pending regulatory milestones. Shareholders monitoring the trust and deal clock now track the amended August 27, 2025 deadline and await the definitive proxy statement and prospectus referenced in the filing, which will finalize valuation, voting thresholds, and redemption mechanics.
What changed: Form 8-K Current Report filed as written communications under Rule 425, disclosing the deposit of a monthly extension fee and attaching a related unsecured promissory note. According to Item 2.03 of the filing, Horizon Space Acquisition I Corp. extended its deadline to complete an initial business combination by one month, moving from June 27, 2025 to July 27, 2025. On June 26, 2025, the registrant confirms a deposit of $120,000 into the Trust Account. The filing attributes the source of the Monthly Extension Fee to Shenzhen Squirrel Enlivened Media Group Co., Ltd. (“Squirrel Shenzhen”), acting pursuant to a Business Combination Agreement dated September 16, 2024. In exchange for this payment, the Company issued an unsecured promissory note for $120,000 dated May 28, 2025. The payee expressly waived any claim against Trust Account funds; Section 11 of the attached note specifies that if the business combination does not close, the note shall be repaid only from amounts other than Trust Account Funds. Redemption mechanics remain paused until the July 27, 2025 deadline. Deal progress continues with the Squirrel Companies (Squirrel HoldCo, Squirrel Cayman, Merger Sub, and Squirrel Shenzhen), and a preliminary Form F-4 registration statement including a proxy statement has been filed. Why it matters: For investors tracking redemption calendars and trust preservation, the filing confirms the trust account received exactly $120,000, maintaining existing per-share trust balances through late July 2025 without triggering early redemption windows. The shift in funding responsibility from the traditional Sponsor to the target affiliate (Squirrel Shenzhen) alters standard SPAC extension dynamics, while the accompanying $120,000 note creates a direct, non-interest-bearing corporate liability. According to the forward-looking statements section, executives acknowledge risks including limited operating history, potential redemptions reducing available cash, Nasdaq listing standard compliance, and the possibility of closing failures due to missing shareholder approvals. Chief Executive Officer Mingyu (Michael) Li executed both the 8-K and the promissory note, confirming executive alignment with the extension. The document establishes a firm one-month buffer for voting and redemption decisions ahead of the definitive proxy statement mailing.
What changed: Form 8-K Current Report filed pursuant to Securities Act Rule 425 and Exchange Act Rule 14a-12, announcing the deposit of a one-month extension fee and the issuance of a corresponding unsecured promissory note to finance it. Per the registrant's disclosure, Horizon Space Acquisition I Corp.'s deadline to consummate its initial business combination has been extended by one month from June 27, 2025 to July 27, 2025. The filing states that Shenzhen Squirrel Enlivened Media Group Co., Ltd., acting as a designee for the Sponsor under the September 16, 2024 Agreement and Plan of Merger, deposited $120,000 into the Trust Account as a Monthly Extension Fee. To fund this, the registrant issued an unsecured promissory note for $120,000 (dated May 28, 2025 per Item 2.03, with the exhibit dated June 27, 2025) that bears no interest. According to the note executed by CEO Mingyu (Michael) Li, the obligation contains a structural waiver explicitly releasing any claim against Trust Account Funds if the merger fails, meaning redemption values are ring-fenced from extension financing costs. The filing further confirms the company retains the right to purchase up to six additional one-month extensions, pushing the absolute term expiry to December 27, 2025. Why it matters: The extension mechanically shifts the shareholder voting and redemption window, giving public holders additional time before the July 27, 2025 liquidity event triggers if no deal closes. By isolating the $120,000 extension payment outside the trust via promissory note terms, the sponsor arrangement preserves per-share trust capital for actual redemptions rather than diluting it through trust-account drawdowns. Per the registrant's disclosure, a Form F-4 registration statement containing a preliminary proxy statement and prospectus has already been filed by Squirrel Cayman, signaling that definitive proxy logistics and subsequent shareholder solicitation deadlines are approaching. The filing references forward-looking projections from management regarding the Squirrel Companies’ anticipated market opportunity, estimated post-transaction enterprise value, and projected cash position, though it attributes these outcomes to disclosed risk factors including limited operating history, Nasdaq listing standard compliance, and integration execution. No independent audited financial metrics, customer concentration data, or technology milestones are quantified in this record.
What changed: Form 8-K Current Report regarding the creation of a direct financial obligation and the entry into a material definitive agreement extending the SPAC's business combination deadline. According to the registrant, the deadline to complete an initial business combination has been extended by one month from June 27, 2025, to July 27, 2025, after a $120,000 Monthly Extension Fee was deposited into the Trust Account on June 26, 2025. Per the Business Combination Agreement dated September 16, 2024, the fee was paid by Shenzhen Squirrel Enlivened Media Group Co., Ltd. rather than the SPAC sponsor. The registrant issued a $120,000 unsecured promissory note to the payee bearing no interest, maturing upon the earlier of business combination completion or term expiry, with defined default events allowing acceleration. Why it matters: This filing actively resets the redemption and liquidation calendar, delaying the point at which public shareholders must choose to stay or exit. The allocation of the extension fee to the target affiliate instead of the sponsor alters the expected post-merger balance sheet dynamics and demonstrates the target's active role in maintaining the SPAC's listing status during negotiations. The document further discloses that the target has filed a preliminary proxy statement/prospectus on Form F-4 containing projections of market opportunity and the estimated post-transaction enterprise value, while noting risks around limited operating history and Nasdaq listing standards. Chief Executive Officer Mingyu (Michael) Li signed the filing attesting to the extension and the associated promissory note.
What changed: Form 8-K current report disclosing Item 1.01 and Item 2.03 regarding the execution of an unsecured Sponsor Promissory Note (Exhibit 10.1). On June 13, 2025, Horizon Space Acquisition I Corp. disclosed the issuance of an unsecured promissory note with a principal amount of $300,000 to Horizon Space Acquisition I Sponsor Corp. The filing states the proceeds fund general working capital until an initial business combination. The note bears no interest, matures on the earlier of consummating a merger or the company’s term expiry, and grants the sponsor the right to convert the principal into private units at a fixed calculation of dividing the outstanding amount by $10.00. Executed by Chief Executive Officer Mingyu (Michael) Li, the exhibit explicitly records the sponsor waiving any claim against the Trust Account Funds, mandating repayment solely from non-trust corporate assets if a business combination is not completed. Why it matters: For investors monitoring the stated $12.85 per-share trust balance and 2027-06-12 termination deadline, the filing confirms operational liquidity was raised without touching the trust account, thereby shielding public redemption value. The sponsor’s documented waiver of trust recourse limits downside leverage to non-trust assets and clarifies that failure to merge triggers repayment from residual corporate funds rather than shareholder trust balances. The $300,000 facility introduces future dilution through the $10.00 per-unit conversion mechanic into private placements covering ordinary shares, warrants exercisable at $11.50, and rights to acquire one-tenth of one ordinary share. Standard covenant protections are noted, including acceleration upon unpaid defaults exceeding five business days past maturity or bankruptcy proceedings remaining unstayed for 60 consecutive days, without modifying the existing redemption timeline or triggering a deadline extension.
What changed: A Form 425 written communication filed pursuant to Rule 425 under the Securities Act of 1933, incorporating a Form 8-K Current Report and an attached Unsecured Extension Promissory Note (Exhibit 10.1). The filing confirms that Horizon Space Acquisition I Corp. (HSPO) exercised a one-month extension of its initial business combination deadline, moving it from May 27, 2025 to June 27, 2025. On May 23, 2025, an aggregate of $120,000 was deposited into the Trust Account to cover the Monthly Extension Fee, paid by Squirrel Enlivened (Hong Kong) Technology Limited on the Company’s behalf. In consideration, HSPO executed a $120,000 unsecured promissory note dated May 28, 2025, payable to Squirrel HK. The note carries no interest, matures upon the earlier of business combination consummation or term expiry, and defines events of default including a failure to pay principal within five business days of maturity, voluntary or involuntary bankruptcy, breach of obligations, cross-defaults, enforcement proceedings, and unlawfulness. Section 11 of the note expressly waives all rights to the Trust Account Funds, stipulating that if the Business Combination does not close, the $120,000 must be repaid solely from amounts other than the Trust Account. Why it matters: This update materially shifts the SPAC’s operational calendar, establishing June 27, 2025 as the hard deadline for closing the proposed merger with Squirrel Enlivened International Co., Ltd. The $120,000 extension deposit mechanically reduces the Trust Account balance, while the associated $120,000 promissory note creates a documented off-balance-sheet liability owed to the target’s affiliate. The explicit trust-account waiver provides structural assurance to public shareholders that their redeemed trust proceeds cannot be clawed back by the Payee if the deal lapses. The filing also discloses that a registration statement on Form F-4, including a preliminary proxy statement/prospectus, has been submitted, signaling active advance toward a shareholder vote. Forward-looking projections regarding market opportunity, post-merger cash position, and expected growth of the Squirrel Companies are presented in the filing, alongside enumerated risk factors citing limited operating history, integration capability, macroeconomic headwinds, the impact of shareholder redemptions on available capital, and Nasdaq listing standard compliance. The document is signed by Mingyu (Michael) Li as CEO, CFO, and Director of HSPO, and by ZHAO ANG XIONG as CEO of Squirrel HK.
What changed: A Form 8-K Current Report (covering Items 1.01 and 2.03) that discloses the funding of a monthly extension fee and formally attaches an Extension Promissory Note (Exhibit 10.1) to the filing. According to the registrant's filing, on May 23, 2025, $120,000 was deposited into HSPO’s Trust Account, mechanically extending the deadline to consummate an initial business combination from May 27, 2025 to June 27, 2025. The filing attributes the payment to Squirrel Enlivened (Hong Kong) Technology Limited, acting pursuant to the September 16, 2024 Agreement and Plan of Merger with Squirrel HoldCo and its subsidiaries. In exchange, HSPO executed an unsecured promissory note for $120,000 payable to Squirrel HK. The note carries zero interest, becomes due upon the earlier of business combination consummation or term expiry, accelerates upon defaults including bankruptcy or unpaid principal beyond five business days past maturity, and contains an explicit waiver preventing the payee from seeking reimbursement from the IPO trust account if the merger does not close. Why it matters: The extension preserves public shareholders' redemption rights through June 27, 2025, keeping the tender window open ahead of the forthcoming proxy solicitation. By having the acquisition target's affiliate fund the extension rather than HSPO's traditional sponsor, the filing alters pre-closing capital flow dynamics and introduces a direct, non-trust financial liability of $120,000 that would fall due from other corporate assets if the transaction terminates. Regarding broader substance, the filing states that Squirrel Cayman has filed a preliminary Form F-4 registration statement containing a proxy statement detailing the proposed transaction with the "Squirrel Companies," specifically naming Shenzhen Squirrel Enlivened Media Group Co. Ltd. The registrant's forward-looking statements section warns shareholders that outcomes may differ due to the target's limited operating history, the ability to satisfy Nasdaq listing standards post-merger, general economic conditions affecting demand for the Squirrel Companies' services, and uncertainties around post-transaction cash positions and required security holder approvals.
What changed: SEC Form 8-K Current Report filed pursuant to Rule 425 under the Securities Act, serving as a written communication detailing a business combination extension and attaching an unsecured promissory note. Horizon Space Acquisition I Corp. advanced a one-month extension, shifting the initial business combination deadline from May 27, 2025 to June 27, 2025 upon a $120,000 deposit into the Trust Account made on May 23, 2025. The Monthly Extension Fee was paid by Squirrel Enlivened (Hong Kong) Technology Limited instead of the sponsor, requiring the company to issue an unsecured $120,000 promissory note dated May 28, 2025. Per the attached Exhibit 10.1, the note bears no interest, matures on the earlier of business combination closing or term expiry, and triggers acceleration if principal remains unpaid more than 5 business days past maturity. Clause 11 explicitly waives the payee’s right to seek repayment from Trust Account Funds. Why it matters: The filing materially resets the redemption calendar and establishes a target-funded extension model per the September 16, 2024 Agreement and Plan of Merger. According to the document, Squirrel Cayman filed a Form F-4 registration statement containing a preliminary proxy statement, marking the next prerequisite for shareholder voting and deal completion. Forward-looking statements attributed to HSPO and the Squirrel Companies outline risks including limited operating history, potential failure to receive required security holder approvals, the impact of redemptions on available cash, and uncertainty surrounding Nasdaq listing standards. The filing attributes execution signatures to CEO, CFO and Director Mingyu (Michael) Li and Squirrel HK CEO Zhao Ang Xiong. Securities terms cited include an $11.50 warrant exercise price and $0.0001 ordinary share par value.
What changed: A Joint Filing Agreement attached to an Amended Schedule 13G beneficial ownership report. This excerpt contains no operational updates for HSPO. Per the document text, the signatories simply acknowledge the joint filing protocol under Rule 13d-1(k), accept mutual responsibility for timely submission and internal accuracy, and explicitly disclaim responsibility for the accuracy of information concerning the other signatories. Consequently, the filing reports zero changes to the SEARCHING status, the 2027-06-12 deadline, the $12.85 trust value, extension motions, acquisition progress, or sponsor conduct. Why it matters: The filing confirms that First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC are filing as a coordinated group, dated May 15, 2025. Signatories identified in the document are Joy Ausili (Trustee, Vice President and Assistant Secretary) and Chad Eisenberg (Chief Operating Officer). The document makes no claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel beyond listing these standard executive titles. For investors tracking SPAC mechanics, this exhibit is purely procedural; it establishes the administrative framework for the joint disclosure but omits all substantive ownership percentages or strategic statements that would appear elsewhere in the full Schedule 13G/A.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.