NASDAQ$HSPOF
Horizon Space Acquisition I · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Horizon Space Acquisition I reported a net loss of $123,564 for the first quarter of 2026 while continuing its search for a business combination target.
The SPAC recorded formation and operating costs of $133,939 offset partially by $10,375 of interest income from the trust account, resulting in a net loss. Cash stood at $25,977 with total assets of $1,227,023 and a working capital deficit of $3,764,317. The company extended its business combination deadline to June 12, 2027 following shareholder approval.
- Net loss of $123,564 driven by operating costs with minimal trust interest income.
- Trust account balance reached $1,190,366 supporting 93,484 redeemable shares.
- Working capital deficit widened to $3,764,317 raising going concern uncertainty.
- Deadline for initial business combination extended to June 12, 2027 with no further extension fees required.
Headline financials
Revenue & EPS history
Horizon Space Acquisition I · Revenue · Quarterly
-$124K
Forward guidance
Company extended combination deadline to June 12, 2027 and continues to evaluate targets while managing liquidity through related-party loans.
Tailwinds
- Extended timeline provides additional runway for business combination.
- No additional extension fees required for the new deadline.
Headwinds
- Substantial doubt about ability to continue as going concern due to working capital deficit.
- Reliance on sponsor loans and potential failure to complete combination could lead to liquidation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports · overlaid with Q1 2026
+0.1%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+0.9%
Avg return
30 days after
50%
4 / 8 earnings
Positive
+0.3%
Q2 2024
Best reaction
+0.0%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +0.0% | — | |
| Q2 2025 | +0.0% | -1.1% | +0.3% | |
| Q1 2025 | +0.0% | +1.1% | +3.6% | |
| Q3 2024 | +0.1% | +0.2% | +0.4% | |
| Q2 2024 | +0.3% | +0.2% | +0.5% | |
| Q1 2024 | +0.0% | +0.1% | +0.5% | |
| Q3 2023 | +0.1% | +0.2% | +0.4% | |
| Q2 2023 | +0.2% | +0.2% | +0.5% |
Discussion
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