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Horizon Space Acquisition II Corp.
HSPTRCIK 0002032950NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksE9FY ends Dec 31
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 formed to identify and complete a business combination through merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar transaction. It offers a vehicle for target acquisitions and related transaction execution, relying on proceeds placed in a trust account and sponsor support to effect a combination. The company operates through its management team and sponsor structure that sources, diligences and negotiates potential targets and may provide extension or working capital facilities. It pursues targets across industries and geographies, with an emphasis that may include China (including Hong Kong and Macau) and access to U.S. public capital markets.
Summary from filing dated 2025-03-27
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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