---
title: "HORIZON SPACE ACQUISITION I CORP C/WTS 27/12/2029 (TO PUR ORD) | 10-Q: FY2025 Q1 EPS: USD 0.19"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/240228165.md"
published_at: "2025-05-14T20:02:19.000Z"
---

# HORIZON SPACE ACQUISITION I CORP C/WTS 27/12/2029 (TO PUR ORD) | 10-Q: FY2025 Q1 EPS: USD 0.19

EPS: As of FY2025 Q1, the actual value is USD 0.19.

### Segment Revenue

-   Horizon Space Acquisition I Corp. has not commenced any operations and therefore has no operating revenue as of March 31, 2025.

### Operational Metrics

-   **Net Income**: For the three months ended March 31, 2025, net income was $71,454, compared to $733,464 for the same period in 2024.
-   **Operating Costs**: Formation and operating costs for the three months ended March 31, 2025 were $153,298, compared to $147,659 for the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: For the three months ended March 31, 2025, net cash used in operating activities was - $207,007.
-   **Cash Position**: As of March 31, 2025, the company had cash of $50,808 available for working capital needs.

### Unique Metrics

-   **Interest and Dividend Income**: Interest and dividend income on investments held in the Trust Account was $224,752 for the three months ended March 31, 2025, compared to $881,123 for the same period in 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: The company is focused on completing its initial business combination by May 27, 2025, with Squirrel Enlivened (Hong Kong) Technology Limited providing financial support through unsecured promissory notes.
-   **Non-Core Business**: The company has issued promissory notes to finance transaction costs and extend the period for consummating a business combination.
-   **Priority**: The company has until May 27, 2025 to complete its initial business combination, with plans to use funds from the Trust Account for acquisition and operational purposes post-combination.

### Related Stocks

- [HSPOW.US - HORIZON SPACE ACQUISITION I CORP C/WTS 27/12/2029 (TO PUR ORD)](https://longbridge.com/en/quote/HSPOW.US.md)
- [HSPWF.US - HORIZON SPACE ACQUISITION I CORP C/WTS 27/12/2029 (TO PUR ORD)](https://longbridge.com/en/quote/HSPWF.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.