Horizon Space Acquisition II Corp. Secures $300,000 Unsecured Promissory Note from Sponsor for Business Combination Financing
Horizon Space Acquisition II Corp., a Cayman Islands exempted company, announced the issuance of an unsecured promissory note valued at $300,000 to its sponsor, Horizon Space Acquisition II Sponsor Corp., also based in the Cayman Islands. This financial agreement, effective July 5, 2025, establishes a direct financial obligation for Horizon Space Acquisition II Corp. The loan is interest-free and will be utilized for general working capital purposes, with repayment due upon the completion of the company's initial business combination or the expiration of its term. Notably, the sponsor retains the option to convert the loan into private units of the company, which include ordinary shares, warrants, and rights, subject to specific conditions. The transaction was executed under the exemption from registration as per Section 4(a)(2) of the Securities Act of 1933.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Space Acquisition II Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001929980-25-000525), on July 08, 2025, and is solely responsible for the information contained therein.
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