Horizon Space Acquisition I Corp., a Cayman Islands exempted company, has entered into a new financing agreement involving an unsecured promissory note valued at $120,000. This agreement, dated May 28, 2025, was established with Squirrel Shenzhen, a subsidiary of Squirrel Enlivened Technology Co., Ltd. The note is intended for the payment of a Monthly Extension Fee, allowing Horizon Space to extend the time for its initial business combination until July 27, 2025. Notably, the note bears no interest and is set to mature upon the completion of the business combination or the expiration of the company's term. This financial maneuver is part of a broader Business Combination Agreement dated September 16, 2024, with Squirrel Enlivened Technology and its subsidiaries.
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