Horizon Space Acquisition I Corp. Extends Trust Liquidation, Amends Charter

What Happened
Horizon Space Acquisition I Corp. (a Cayman Islands exempted company) held an extraordinary general meeting on April 20, 2026 and filed an 8-K reporting shareholder approval of two material amendments. The Company and Continental Stock Transfer & Trust Company executed an amendment to the Investment Management Trust Agreement requiring the Trustee to commence liquidation of the Company’s trust account by June 12, 2027. Shareholders also approved amendments to the Company’s Charter (Articles 48.7 and 48.8) requiring the Company to either complete a business combination or cease operations and wind up (including redeeming or repurchasing 100% of the Company’s public shares issued in its IPO) by June 12, 2027.

Key Details

• Meeting and documents: Extraordinary general meeting and execution of the Trust Agreement amendment occurred on April 20, 2026; record date for the meeting was March 26, 2026.
• Voting: Of 2,404,234 issued and outstanding ordinary shares, ~89.25% were present or represented. Both the Charter amendment and Trust amendment were approved with votes: For 2,145,692; Against 0; Abstain 100.
• Redemption impact: 34,818 ordinary shares were rendered for redemption in connection with the Charter vote, leaving 2,369,416 ordinary shares issued and outstanding after those redemptions.
• Deadline: Both amendments set a firm Termination Date / liquidation commencement deadline of June 12, 2027.

Why It Matters
These approved amendments set a clear, firm deadline for either completing a business combination or winding up and liquidating the SPAC’s trust account. For public-unit investors, this determines the timeframe in which a merger/acquisition must be completed and clarifies that, absent a successful business combination by June 12, 2027, the Trustee must begin liquidating the trust and public shares will be redeemed. The unanimous voting outcome shows shareholder support for the new timeline and procedures.