<span item_type="fundamental" item_id="ea79133615a7abcb2828a3f2e11c1244" counter_id="ST/US/HSPOU" env="prod"></span><span item_type="announcement" item_id="516101126788420482" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD 0.19.</p><p></p><h3>Segment Revenue</h3><p>Horizon Space Acquisition I Corp. has not commenced any operations and does not generate operating revenues until after the completion of a Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></p><h3>Operational Metrics</h3><ul><li>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.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></li><li>Net income for the three months ended March 31, 2025, was $71,454, compared to $733,464 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities for the three months ended March 31, 2025, was - $207,007, compared to - $190,172 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></li><li>Cash at the end of the period was $50,808 as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Interest and dividend income on investments held in Trust Account for the three months ended March 31, 2025, was $224,752, compared to $881,123 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to consummate a Business Combination by May 27, 2025, with Squirrel Enlivened Technology Co., Ltd, as part of the Squirrel Transactions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company has issued unsecured promissory notes to Squirrel HK to extend the deadline for the Business Combination, with a total of $480,000 deposited into the Trust Account from January to April 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></li><li><strong>Priority</strong>: The company faces substantial doubt about its ability to continue as a going concern due to insufficient cash and working capital to complete planned activities for the upcoming year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1946021/000192998025000426/hspo_10q.htm"></span></li></ul>

HSPOU

Horizon Space Acquisition I - Unit | 10-Q: FY2025 Q1 EPS: USD 0.19