$HSPWF

Horizon Space Acquisition I Corp.

CIK:0001946021|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Formation and operating costs	$ 98,060	$ 153,989	$ 231,999	$ 307,287
Loss from operations	(98,060)	(153,989)	(231,999)	(307,287)
Other income
Interest and dividend income on investments held in Trust	7,474	229,876	17,849	454,628
Net (loss) income	$ (90,586)	$ 75,887	$ (214,150)	$ 147,341
Redeemable Ordinary Shares [Member]
Other income
Basic and diluted weighted average redeemable ordinary shares outstanding	67,466	1,857,989	80,403	1,857,989
Basic and diluted net income per redeemable ordinary shares	$ 0.07	$ 0.19	$ 0.12	$ 0.39
Non Redeemable Ordinary Share [Member]
Other income
Basic and diluted weighted average redeemable ordinary shares outstanding	2,310,750	2,310,750	2,310,750	2,310,750
Basic and diluted net income per redeemable ordinary shares	$ (0.04)	$ (0.12)	$ (0.10)	$ (0.25)

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net (loss) income	$ (214,150)	$ 147,341
Adjustments to reconcile net income to net cash used in operating activities:
Interest and dividend income on investments held in Trust Account	(17,849)	(454,628)
Changes in operating assets and liabilities:
Prepaid expenses	8,010	(42,500)
Accounts payable and accrued expenses	(52,729)	(4,769)
Net Cash Used in Operating Activities	(276,718)	(354,556)
Cash Flows from Investing Activities:
Proceeds from sale of investments in the Trust Account	444,170	0
Monthly extension fee deposited into Trust Account	0	(720,000)
Net Cash (Used in) Provided by Investing Activities	444,170	(720,000)
Cash Flows from Financing Activities:
Ordinary shares redemption	(444,170)	0
Proceeds from working capital loan - related party	445,000	360,000
Proceeds from promissory notes	0	720,000
Net Cash Provided by (Used in) Financing Activities	830	1,080,000
Net Change in Cash	168,282	5,444
Cash, beginning of the period	35,894	7,815
Cash, end of the period	204,176	13,259
Supplemental Disclosure of Cash Flow Information:
Subsequent accretion of carrying value of public shares to redemption value	$ (17,849)	$ (1,174,628)

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 204,176	$ 35,894
Prepaid expenses	6,675	14,685
Total current assets	210,851	50,579
Investments held in Trust Account	753,670	1,179,991
Total Assets	964,521	1,230,570
Current liabilities:
Promissory notes	1,970,000	1,970,000
Extension loan - related party	190,000	190,000
Working Capital Loan- related party	1,759,003	1,314,003
Accounts payable and accrued expenses	154,225	206,954
Total current liabilities	4,073,228	3,680,957
Deferred underwriters' discount	2,415,000	2,415,000
Total Liabilities	6,488,228	6,095,957
Commitments and Contingencies
Ordinary shares subject to possible redemption, 58,666 and 93,484 shares at redemption value of $12.85 and $12.62 per share as of June 30, 2026 and December 31, 2025, respectively	753,670	1,179,991
Shareholders' Deficit:
Ordinary shares, $0.0001 par value, 490,000,000 shares authorized, 2,310,750 shares issued and outstanding as of June 30, 2026 and December 31, 2025 (excluding 58,666 and 93,484 shares subject to possible redemption, respectively)	231	231
Accumulated deficit	(6,277,608)	(6,045,609)
Total Shareholders' Deficit	(6,277,377)	(6,045,378)
Total Liabilities, Temporary Equity, and Shareholders' Deficit	$ 964,521	$ 1,230,570