HSPT

Horizon Space Acquisition II Corp. (HSPT) operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company focuses specifically on identifying and acquiring targets in the space economy and adjacent technology sectors. Headquartered in New York, HSPT completed its initial public offering in December 2021, raising approximately $300 million in gross proceeds. The SPAC is sponsored by affiliates of Pivotal Investment Corporation II and targets businesses involved in satellite technology, space infrastructure, launch services, geospatial intelligence, and enabling technologies for the commercial space industry. As a blank check company, HSPT does not have operations of its own but seeks to leverage its management team's experience in aerospace, technology investing, and capital markets to identify a suitable business combination target. The company typically has a defined timeframe, generally 18 to 24 months from its IPO, to complete a qualifying acquisition or merger. Until a business combination is completed, HSPT holds its IPO proceeds in a trust account. The management team evaluates potential targets based on growth potential, technological differentiation, market opportunity, and strategic fit within the evolving space economy landscape.