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HSPOW

Horizon Space Acquisition I Corp. Warrant

HSPOW

Horizon Space Acquisition I Corp. Warrant • NASDAQ
$0.06 ▼ -24.43% (-0.02)
Market Cap $73.87 M
52w High $0.08
52w Low $0.06
Dividend Yield 0%
P/E 0
Volume 2
Outstanding Shares 1.23B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $0 ▼ $397.045K ▲ 0% $0.21 ▲ $0 ▲
Q2-2025 $0 $153.989K ▲ $75.887K ▲ 0% $0.018 ▲ $-153.989K ▼
Q1-2025 $0 $153.298K ▼ $71.454K ▼ 0% $0.017 ▼ $-153K ▼
Q4-2024 $0 $257.18K ▼ $453.284K ▲ 0% $0.061 ▲ $2.914M ▲
Q3-2024 $0 $499.346K $296.392K 0% $0.038 $-499K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.679K ▼ $23.12M ▲ $5.893M ▲ $-5.864M ▼
Q2-2025 $13.259K ▼ $22.55M ▲ $5.472M ▲ $17.078M ▲
Q1-2025 $50.808K ▲ $22.019M ▲ $5.017M ▲ $17.003M ▲
Q4-2024 $7.815K ▼ $21.328M ▼ $4.397M ▲ $16.931M ▲
Q3-2024 $128.169K $62.252M $4.04M $-3.892M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $149.028K ▲ $-5.58K ▲ $-360K $360K ▼ $-5.58K ▲ $-5.58K ▲
Q2-2025 $75.887K ▲ $-147.549K ▲ $-360K $470K ▼ $-37.549K ▼ $-147.549K ▲
Q1-2025 $71.454K ▼ $-207.007K ▲ $-360K ▼ $610K ▲ $42.993K ▲ $-207.007K ▲
Q4-2024 $453.284K ▲ $-320.354K ▼ $41.494M ▲ $-41.294M ▼ $-120.354K ▼ $-320.354K ▼
Q3-2024 $296.392K $-193.707K $-180K $480K $106.293K $-193.71K

Five-Year Company Overview

Income Statement

Income Statement Horizon Space Acquisition I Corp. Warrant is tied to a SPAC that has no operating business yet, so its income statement is essentially empty. There is no revenue, no gross profit, and no meaningful operating activity to analyze. The reported earnings per share movements are more about accounting effects and changes in the SPAC’s structure or market valuations than about business performance. In other words, the income statement does not currently provide insight into business strength or weakness, because there is no underlying business in place yet.

Balance Sheet

Balance Sheet The balance sheet is very small and simple: a modest level of assets funded by shareholder equity, and no reported debt. Cash shown here is minimal at the warrant level, since the real IPO proceeds for the SPAC typically sit in a separate trust account under the main SPAC entity, not under the warrant line. This means the warrant’s balance sheet does not show a meaningful financial cushion or operational platform; it just reflects that the structure is light, with few resources and no leverage, awaiting a future merger.

Cash Flow

Cash Flow Cash flow statements are effectively blank, with no operating, investing, or financing cash flows of substance. This fits a shell structure that is not running a business, buying equipment, or generating operating cash. For a warrant tied to a SPAC, the usual cash-flow analysis that applies to regular companies does not really work; the key cash movements will occur only around the time of a business combination and are mostly at the SPAC level, not at the warrant level.

Competitive Edge

Competitive Edge As a SPAC warrant, HSPOW’s “competitive position” is quite different from a normal company. It has no products, customers, or market share. Its appeal depends on the SPAC sponsor team’s reputation and their ability to find an attractive merger partner before their deadline. The recent termination of the planned merger with Squirrel Enlivened Technology shows how uncertain this process can be: deals can fall apart, timelines can slip, and the window to complete a transaction is limited. The SPAC market is also crowded, with many similar vehicles competing for a finite pool of targets, which can make it harder to secure a high‑quality deal on favorable terms.

Innovation and R&D

Innovation and R&D Horizon Space Acquisition I Corp. itself does not conduct research and development and has no proprietary technology or products. Any innovation story will come from whatever private company it eventually merges with. The sponsor has indicated interest in financial services and related platforms, and there has also been mention of space or aerospace themes, plus strong links to China that could steer the search toward companies with significant Chinese operations. Until a specific target is announced, there is no concrete innovation pipeline to evaluate—just a general strategy and the team’s stated focus areas.

Summary

HSPOW represents a warrant on a blank‑check company rather than a stake in an operating business. The financial statements look empty because, in practical terms, they are: no revenue, no normal cash flow, and only a thin balance sheet backing a deal‑making vehicle. The main drivers of risk and opportunity are not today’s numbers, but whether Horizon Space can identify, negotiate, and close a solid business combination before its deadline, and how the post‑merger company performs afterward. The terminated Squirrel Enlivened Technology deal underlines the execution uncertainty. Overall, HSPOW is best understood as a speculative, event‑driven instrument tied to a future merger outcome, not as a traditional company with an analyzable operating track record.