• Horizon Space Acquisition I posted a net loss of $123,564 for the quarter ended March 31, 2026, swinging from net income of $71,454 a year earlier.
• Interest and dividend income on Trust Account investments fell to $10,375 from $224,752, while operating cost eased to $133,939 from $153,298.
• Cash used in operating activities totaled $169,917, leaving cash of $25,977 at quarter-end alongside a working capital deficiency of $3.76 million.
• In April, shareholders extended the deadline to complete a business combination to June 12, 2027, while 34,818 shares were redeemed and about $0.44 million was released from the Trust Account.
• Trust Account assets stood at $1.19 million at March 31, 2026, while a $300,000 no-interest Sponsor Working Capital Note was issued in January to support general working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Space Acquisition I Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001929980-26-000212), on May 15, 2026, and is solely responsible for the information contained therein.