# Horizon Space Acquisition I Corp. (HSPWF) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_b7a748307998f02a9d55 · retrieved 2026-08-11T16:12:02.349Z

## Overview
Horizon Space Acquisition I Corp. is a Cayman Islands exempted company formed as a blank-check acquisition vehicle seeking to consummate an initial business combination with a qualified target company.

On July 20, 2026, Horizon Space Acquisition I Corp. issued an unsecured promissory note in the principal amount of $500,000 to its sponsor, Horizon Space Acquisition I Sponsor Corp. The note bears no interest and is payable upon the earlier of the consummation of the company's initial business combination or the expiry of the company's term. The sponsor has the right, but not the obligation, to convert the note, in whole or in part, into private units of the company at a conversion price of $10.00 per unit, with each unit consisting of one ordinary share, one warrant, and one right to receive one-tenth of one ordinary share upon consummation of a business combination. The conversion right must be exercised by providing written notice at least two business days prior to the closing of the business combination.

## Terms
- Counterparty: Horizon Space Acquisition I Sponsor Corp. · Deal value: $500,000 · Consideration: mixed · Price/share: $10

## Key dates
- Announced 2026-07-21

## Timeline
- 2026-07-21 · 8-K (0001929980-26-000372): 8-K - Horizon Space Acquisition I Corp. — *Horizon Space Acquisition I Corp. is a Cayman Islands exempted company formed as a blank-check acquisition vehicle seeking to consummate an initial business combination with a qualified target company.* On July 20, 2026, Horizon Space Acquisition I Corp. issued an unsecured promissory note in the principal amount of $500,000 to its sponsor, Horizon Space Acquisition I Sponsor Corp. The note bears no interest and is payable upon the earlier of the consummation of the company's initial business combination or the expiry of the company's term. The sponsor has the right, but not the obligation, to convert the note, in whole or in part, into private units of the company at a conversion price of $10.00 per unit, with each unit consisting of one ordinary share, one warrant, and one right to receive one-tenth of one ordinary share upon consummation of a business combination. The conversion right must be exercised by providing written notice at least two business days prior to the closing of the business combination.
  https://www.sec.gov/Archives/edgar/data/1946021/0001929980-26-000372.txt

## Citations
- 0001929980-26-000372 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000192998026000372