Horizon Space Acquisition I Corp 2025年度报告

FORM10-K ANNUAL REPORT UNDER SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2025 TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number001-41578 HORIZON SPACE ACQUISITION I CORP.(Exact name of registrant as specified in its charter) (646) 257-5537(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act:None Securities registered pursuant to Section 12(g) of the Act:None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act: Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ At June 30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value ofthe ordinary shares of the registrant held by non-affiliates of the registrant was $22.6 million, based on the last sold price of theordinary shares as $ 11.99 per share as of June 30, 2025. As of the date hereof, there were 2,404,234 ordinary shares, par value $0.0001 per share issued and outstanding. HORIZON SPACE ACQUISITION I CORP.TABLE OF CONTENTS PART IItem 1.Business4Item 1A.Risk Factors12Item 1B.Unresolved Staff Comments13Item 1CCybersecurity13Item 2.Properties13Item 3.Legal Proceedings13Item 4.Mine Safety Disclosures13PART IIItem 5.Market for Registrant’s Common Equity, Related Shareholders Matters and Issuer Purchases of EquitySecurities14Item 6.Reserved15Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations15Item 7A.Quantitative and Qualitative Disclosures About Market Risk24Item 8.Financial Statements and Supplementary Data24Item 9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure24Item 9A.Controls and Procedures24Item 9B.Other Information25Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections25PART IIIItem 10.Directors, Executive Officers and Corporate Governance26Item 11.Executive Compensation32Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters32Item 13.Certain Relationships and Related Transactions, and Director Independence34Item 14.Principal Accounting Fees and Services36PART IVItem 15.Exhibits, Financial Statement Schedules37Item 16.Form 10-K Summary39 CERTAIN TERMS References to the “Company,” “HSPO,” “our Company,” “our,” “us” or “we” refer to Horizon Space Acquisition I Corp., ablank check company incorporated on June 14, 2022 as a Cayman Islands exempted corporation and formed for t