H
Horizon Space Acquisition II Corp.
Period
FY 2025
Revenue
—
Net Income
$1.81M
Total Assets
$72.95M
Equity
$-1.32M
Shares Out
5.86M
Op. Cash Flow
$-1.04M
Business
Horizon Space Acquisition II Corp. is a blank-check company that seeks to identify and execute a business combination with an operating business, with focus on opportunities in China, Hong Kong, and Macau. The company raised capital from its November 2024 initial public offering and private placements, with funds held in trust pending target identification. As of May 2025, it entered into a definitive business combination agreement with SL Bio Ltd.
Summary from 10-K filed 2026-04-08
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Formation and operating costs | 1 | 201,653 | |
| Loss from operations | −1 | −201,653 | |
| Interest and dividend income on investments held in Trust | 3 | 344,530 | |
| Net income | 2 | 142,877 | |
| Weighted average shares outstanding of redeemable ordinary shares | 7 | 805,479 | |
| Basic and diluted net income per share, ordinary shares | 0.32 | 2.67 | |
| Weighted average shares outstanding of non-redeemable ordinary shares | 2 | 2 | |
| Basic and diluted net loss per share, non-redeemable ordinary shares | −0.2 | −1.13 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-03-31 |
|---|---|---|---|---|---|
| Cash | 7,917 | 646,720 | 0 | — | |
| Prepaid expense | 21,614 | 73,490 | 0 | — | |
| Total Current Assets | 29,531 | 720,210 | 0 | — | |
| Investment held in Trust Account | 73 | 69 | 0 | — | |
| Total Assets | 73 | 70 | 0 | — | |
| Promissory notes, related parties | 990,000 | 0 | — | — | |
| Amount due to related party | 354,484 | 254,484 | 0 | — | |
| Other payable and accrued expenses | 4,696 | 14,851 | 4,255 | — | |
| Total Current Liabilities | 1 | 269,335 | 4,255 | — | |
| Total Liabilities | 1 | 269,335 | 4,255 | — | |
| Ordinary shares, $0.0001 par value, 490,000,000 shares authorized, 6,900,000 shares subject to possible redemption at $10.57 and $10.05 per share as of December 31, 2025 and 2024, respectively* | 73 | 69 | — | — | |
| Preferred share, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding | 0 | 0 | 0 | — | |
| Ordinary shares, $0.0001 par value, 490,000,000 shares authorized, 2,180,000 shares issued and outstanding as of December 31, 2025 and 2024 (excluding 6,900,000 shares subject to possible redemption)* | 218 | 218 | 173 | — | |
| Additional paid-in capital | 0 | 312,035 | 24,827 | — | |
| (Accumulated deficit) retained earnings | −1 | 138,622 | −4,255 | — | |
| Total Shareholder's (Deficit) Equity | −1 | 450,875 | −4,255 | 0 | |
| Total Liabilities Ordinary Shares Subject to Possible Redemptions and Shareholder's (Deficit) Equity | 73 | 70 | 0 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Prepaid expense | 51,876 | −73,490 | |
| Accrued expense | −10,155 | 164,678 | |
| Net Cash Used in Operating Activities | −1 | −110,465 | |
| Investment held in Trust Account | 0 | −69 | |
| Extension fee deposited into Trust Account | −690,000 | 0 | |
| Net Cash Used in Financing Activities | −690,000 | −69 | |
| Proceeds from sale of public units, including over-allotment, net of underwriters' discount | 0 | 68 | |
| Proceeds from sale of private placement units, including over-allotment | 0 | 2 | |
| Proceed from promissory notes, related parties | 990,000 | 0 | |
| Advances from related party | 100,000 | 0 | |
| Payment of offering costs | 0 | −342,815 | |
| Net Cash Provided by Financing Activities | 1 | 70 | |
| Net Change in Cash | −638,803 | 646,720 | |
| Accrued expense paid by Sponsor | 0 | 129,082 | |
| Deferred offering costs paid by Sponsor for settlement of subscription receivable | 0 | 25,000 | |
| Deferred offering costs paid by Sponsor | 0 | 125,402 | |
| Issuance of representative shares | 0 | 341,602 | |
| Reclassification of ordinary shares subject to redemption | 0 | 68 | |
| Initial accretion of carrying value for public shares to redemption value | 0 | 3 | |
| Subsequent accretion of carrying value for public shares to redemption value | 4 | 344,530 |
Filings
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Frequently asked questions
What is Horizon Space Acquisition II Corp.'s CIK number?
Horizon Space Acquisition II Corp.'s SEC CIK number is 0002032950 (2032950). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Horizon Space Acquisition II Corp.'s SEC filings?
All of Horizon Space Acquisition II Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.