Horizon Space Acquisition II Corp. (HSPT) Form 10-Q — May 20, 2026
Horizon Space Acquisition II Corp. reported a net loss of $29,122 for the quarter ended March 31, 2026, driven by operating costs of $364,905 and interest expense of $252,293, partially offset by $588,076 in trust interest income. The company has only $9,586 in cash outside its trust account, highlighting severe liquidity constraints. Massive shareholder redemptions occurred during the quarter, with 3,219,311 shares redeemed for $34.2 million, reducing the trust account balance from $72.9 million to $39.4 million.
Key figures
- Total Debt
- 39349383
- Total Assets
- 39472841
- Cash Position
- 9586
- Operating Costs
- 364905
- Shares Redeemed
- 3219311
- Interest Expense
- 252293
- Interest Income Trust
- 588076
- Redemption Value Paid
- 34221276
- Trust Account Balance
- 39390860
- Promissory Note Sponsor
- 850000
- Promissory Note Third Party
- 100000
- Shares Subject To Redemption
- 3502404
- Liability For Redeeming Shares
- 37482848
- Total Promissory Notes Related Party
- 990000
Price after filing
Close on the filing date to close N calendar days later (from $8.90). Historical, not a forecast.
AI analysis
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