{"url_path":"/sec/hspof/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1946021/0001929980-26-000212-index.html","accession_number":"0001929980-26-000212","cik":"0001946021","ticker":"HSPOF","issuer_name":"Horizon Space Acquisition I Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1946021/0001929980-26-000212-index.html","primary_entity_key":"0001946021","primary_entity_name":"Horizon Space Acquisition I Corp."},"word_count":618,"has_tables":true,"body_markdown":"hspo_10q.htm\n0001946021false--12-31Q120260.00011000000000000.000149000000023107502310750231075093484falsefalsefalse934841970000190000500000000934846900000385750385750236941600019460212026-01-012026-03-310001946021us-gaap:SubsequentEventMember2026-04-210001946021us-gaap:SubsequentEventMember2026-04-022026-04-200001946021hspo:WarrantsMemberhspo:PrivatePlacementUnitsMember2026-03-310001946021hspo:WarrantsMemberhspo:PrivatePlacementUnitsMember2025-12-310001946021hspo:TopMember2022-08-012022-08-300001946021hspo:WarrantsMember2026-03-310001946021hspo:WarrantsMember2025-12-310001946021hspo:WarrantsMember2026-01-012026-03-3100019460212022-08-012022-08-3000019460212022-06-1400019460212022-08-300001946021hspo:SponsorMember2024-04-012024-04-120001946021hspo:SponsorMemberhspo:OrdinaryStockSharesMember2022-08-012022-08-300001946021hspo:SponsorMemberhspo:OrdinaryStockSharesMember2022-06-012022-06-140001946021hspo:IndependentDirectorsMember2022-09-012022-09-120001946021hspo:IndependentDirectorsMember2022-09-120001946021hspo:IndependentDirectorMarkSinghMember2022-09-120001946021hspo:IndependentDirectorRodolfoJoseGonzalezCaceresMember2022-09-120001946021hspo:IndependentDirectorAngelColonMember2022-09-120001946021hspo:UnsecuredMember2022-12-012022-12-270001946021hspo:UnsecuredMember2023-09-260001946021hspo:UnsecuredMember2025-09-300001946021hspo:WorkingCapitalLoansMemberhspo:RelatedPartyLoansMemberhspo:UnsecuredMember2026-01-310001946021hspo:UnsecuredMember2022-08-300001946021hspo:SponsorMemberhspo:OrdinaryStockSharesMember2022-08-300001946021hspo:SponsorMemberhspo:OrdinaryStockSharesMember2022-06-140001946021hspo:WorkingCapitalLoansMemberhspo:RelatedPartyLoansMember2025-12-310001946021hspo:WorkingCapitalLoansMemberhspo:RelatedPartyLoansMember2026-03-310001946021hspo:UnsecuredMember2026-03-310001946021hspo:UnsecuredMember2025-12-310001946021us-gaap:PrivatePlacementMember2026-01-012026-03-310001946021us-gaap:PrivatePlacementMember2026-03-3100019460212022-12-2700019460212022-12-012022-12-2700019460212025-01-012025-12-310001946021us-gaap:FairValueInputsLevel12And3Member2026-03-310001946021us-gaap:FairValueInputsLevel12And3Member2025-12-310001946021hspo:TrustAmendmentAgreementMember2024-03-012024-03-220001946021hspo:TrustAmendmentAgreementMember2025-01-012025-01-310001946021hspo:TrustAmendmentAgreementMember2024-01-012024-12-310001946021hspo:TrustAmendmentAgreementMemberhspo:ShenzhenSquirrelMember2023-09-012023-12-210001946021hspo:TrustAmendmentAgreementMemberhspo:SponsorMember2023-09-012023-12-210001946021hspo:TrustAmendmentAgreementMember2023-09-012023-12-210001946021hspo:OrdinarySharesCapitalMember2026-03-310001946021hspo:OrdinarySharesCapitalMember2022-12-270001946021us-gaap:OverAllotmentOptionMember2022-12-270001946021hspo:OrdinarySharesCapitalMember2022-12-012022-12-270001946021hspo:PrivatePlacementUnitMember2026-01-012026-03-310001946021us-gaap:OverAllotmentOptionMember2022-12-012022-12-270001946021hspo:PrivatePlacementUnitMember2026-03-310001946021hspo:TrustAmendmentAgreementMember2024-12-230001946021hspo:TrustAmendmentAgreementMember2024-03-220001946021us-gaap:RetainedEarningsMember2026-03-310001946021us-gaap:AdditionalPaidInCapitalMember2026-03-310001946021hspo:OrdinarySharesMember2026-03-310001946021us-gaap:RetainedEarningsMember2026-01-012026-03-310001946021us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001946021hspo:OrdinarySharesMember2026-01-012026-03-310001946021us-gaap:RetainedEarningsMember2025-12-310001946021us-gaap:AdditionalPaidInCapitalMember2025-12-310001946021hspo:OrdinarySharesMember2025-12-3100019460212025-03-310001946021us-gaap:RetainedEarningsMember2025-03-310001946021us-gaap:AdditionalPaidInCapitalMember2025-03-310001946021hspo:OrdinarySharesMember2025-03-310001946021us-gaap:RetainedEarningsMember2025-01-012025-03-310001946021us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001946021hspo:OrdinarySharesMember2025-01-012025-03-3100019460212024-12-310001946021us-gaap:RetainedEarningsMember2024-12-310001946021us-gaap:AdditionalPaidInCapitalMember2024-12-310001946021hspo:OrdinarySharesMember2024-12-310001946021hspo:NonRedeemableOrdinaryShareMember2025-01-012025-03-310001946021hspo:NonRedeemableOrdinaryShareMember2026-01-012026-03-310001946021hspo:RedeemableOrdinarySharesMember2025-01-012025-03-310001946021hspo:RedeemableOrdinarySharesMember2026-01-012026-03-3100019460212025-01-012025-03-3100019460212025-12-3100019460212026-03-3100019460212026-05-120001946021hspo:UnitsConsistingOfOneOrdinarySharesMember2026-01-012026-03-310001946021hspo:OrdinarySharesCapitalMember2026-01-012026-03-310001946021hspo:RedeemableWarrantMember2026-01-012026-03-310001946021hspo:RightsEachWholeRightToAcquiresMember2026-01-012026-03-31iso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:pure\n\n \n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n**☒******\n\n**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the quarterly period ended March 31, 2026**\n\n \n\n**☐******\n\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the transition period from _________ to _________**\n\n \n\n**Commission file number: 001-41578**\n\n \n\n**HORIZON SPACE ACQUISITION I CORP.**\n\n(Exact name of registrant as specified in its charter)\n\n \n\n**Cayman Islands**\n\n \n\n**N/A**\n\n**(State or other jurisdiction of**\n\n \n\n**(I.R.S. Employer**\n\n**incorporation or organization)**\n\n \n\n**Identification No.)**\n\n \n\n**1412 Broadway, 21st Floor, Suite 21V**\n\n**New York, NY 10018**\n\n**(Address of principal executive offices)**\n\n \n\n**(646) 257-5537**\n\n**(Registrant’s telephone number, including area code)**\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\n**Title of each class**\n\n \n\n**Trading Symbol(s)**\n\n \n\n**Name of each exchange on which registered**\n\nUnits, consisting of one Ordinary Share, $0.0001 par value, one redeemable Warrant, each whole warrant to acquire one Ordinary Share, and one Right to acquire one-tenth of one Ordinary Share\n\n \n\nHSPOU\n\n \n\nOTC Market Group, Inc.\n\n \n\n \n\n \n\n \n\n \n\nOrdinary Shares, par value $0.0001 per share\n\n \n\nHSPO\n\n \n\nOTC Market Group, Inc.\n\n \n\n \n\n \n\n \n\n \n\nRedeemable Warrants, each whole warrant exercisable for one Ordinary Share at an exercise price of $11.50 per share\n\n \n\nHSPOW\n\n \n\nOTC Market Group, Inc.\n\n \n\n \n\n \n\n \n\n \n\nRights, each whole right to acquire one-tenth of one Ordinary Share\n\n \n\nHSPOR\n\n \n\nOTC Market Group, Inc.\n\n \n\nIndicate by check mark whether the registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒     No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (clso§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒     No ☐\n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nNon-accelerated Filer\n\n☒\n\nSmaller reporting company\n\n☒\n\n \n\n \n\nEmerging Growth Company\n\n☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒     No ☐\n\n \n\nAs of the date hereof, there were 2,369,416 ordinary shares of the Company, par value $0.0001 per share, issued and outstanding.\n\n \n\n \n\n \n\n \n\n**HORIZON SPACE ACQUISITION I CORP.**\n\n**FORM 10-Q**\n\n**FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026**\n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n\n \n\n \n\n**Page**  \n\n \n\n[Part I.](#p1)\n\n[Financial Information](#p1)\n\n \n\n3\n\n \n\n[Item 1.](#i1)\n\n[Condensed Financial Statements (Unaudited)](#i1)\n\n \n\n3\n\n \n\n[Item 2.](#i2)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#i2)\n\n \n\n22\n\n \n\n[Item 3.](#i3)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#i3)\n\n \n\n29\n\n \n\n[Item 4.](#i4)\n\n[Controls and Procedures](#i4)\n\n \n\n29\n\n \n\n[Part II](#p2)\n\n[Other Information](#p2)\n\n \n\n31\n\n \n\n[Item 1.](#ii1)\n\n[Legal Proceedings](#ii1)\n\n \n\n31\n\n \n\n[Item 1A.](#ii1a)\n\n[Risk Factors](#ii1a)\n\n \n\n31\n\n \n\n[Item 2.](#ii2)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#ii2)\n\n \n\n31\n\n \n\n[Item 3.](#ii3)\n\n[Defaults upon Senior Securities](#ii3)\n\n \n\n31\n\n \n\n[Item 4.](#ii4)\n\n[Mine Safety Disclosures](#ii4)\n\n \n\n31\n\n \n\n[Item 5.](#ii5)\n\n[Other Information](#ii5)\n\n \n\n31\n\n \n\n[Item 6.](#ii6)\n\n[Exhibits](#ii6)\n\n \n\n32\n\n \n\n[Signatures](#sign)\n\n33\n\n \n\n \n\n2\n\n*Table of Contents*\n\n \n\n**PART I – FINANCIAL INFORMATION**"}