Horizon Space Acquisition I Reports $0.204M Net Income, Trust Income Plunges to $0.780M in 2025 10-K
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Horizon Space Acquisition I Corp. has filed its 2025 10-K, reporting a net income of $0.204 million. Critically, the company's trust income significantly decreased to $0.780 million in 2025 from $3.172 million in 2024. This financial update follows the company's recent termination of a planned business combination and its voluntary delisting from Nasdaq to trade on the OTC market, as noted in prior news. For a blank-check company, the trust income is a key indicator of its ability to cover operating costs and the value available for a potential acquisition or redemption. The substantial decline in trust income, alongside the operational challenges, provides important context for investors assessing the SPAC's future.
At the time of this announcement, HSPOF was trading at $12.50 on OTC in the Finance sector, with a market capitalization of approximately $30.1M. The 52-week trading range was $10.98 to $29.64. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.