Mingyu Li - Dec 21, 2022 Form 3 Insider Report for Horizon Space Acquisition I Corp. (HSPO)

Role: CEO and CFO, Director, 10%+ Owner
Signature: /s/ Mingyu Li
Stock symbol: HSPO
Transactions as of: Dec 21, 2022
Transactions value $: $0
Form type: 3
Date filed: 12/21/2022, 05:12 PM
Previous filing: Mar 8, 2022
Next filing: Nov 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HSPO	Ordinary Share						2.09M	Dec 21, 2022	See footnote	F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	HSPO	Private Warrants							Dec 21, 2022	Ordinary Shares	386K	$11.50	See footnote	F2, F3, F4
holding	HSPO	Private Rights							Dec 21, 2022	Ordinary Shares	386K	$0.00	See footnote	F2, F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Assuming the over-allotment option is exercised by the underwriters of the IPO of Horizon Space Acquisition I Corp. (the "Issuer") in full within 45 days of the offering, Mr. Mingyu Li may be deemed to beneficially own 2,092,750 ordinary shares of the Issuer held by Horizon Space Acquisition I Sponsor Corp. (the "Sponsor").
F2	The Sponsor is the record holder of the shares reported herein. Mr. Li is the sole director and sole shareholder of the Sponsor. As such, Mr. Li may be deemed to have beneficial ownership of the ordinary shares held directly by the Sponsor.
F3	Including (i) 1,707,000 ordinary shares of the Issuer acquired by the Sponsor prior to the IPO and (ii) 385,750 ordinary shares of the Issuer underlying the private units ("Private Units") acquired by the Sponsor in a private placement simultaneously with the consummation of the IPO. Each Private Units consists of one ordinary share, one warrant and one right. The amount of shares reported includes up to 258,750 ordinary shares subject to forfeiture to the extent that the over-allotment option by the underwriters is not exercised in full or in part.
F4	As described in the Warrant Agreement dated December 21, 2022, between the Issuer and Continental Stock Transfer & Trust Company, LLC ("CST"), and filed as Exhibit 4.5 to the Issuer's Registration Statement on Form S-1 (File No. 333-268578), the private warrants may be exercised during the period (a) commencing on the later of: (i) the date of the consummation by the Company of a business combination (described in the Registration Statement), and (ii) 12 months from the effective date of the Registration Statement, and (b) terminating at 5:00 p.m. ET, on the earlier to occur of (i) 5 years after the date on which the Company consummates a business combination, (ii) the Redemption Date as provided in Section 6.2 therein and (iii) the liquidation of the Issuer (as described in the Registration Statement).
F5	As described in the Right Agreement dated December 21, 2022, between the Issuer and CST, and filed as Exhibit 4.6 to the Registration Statement, the private rights will automatically convert into 1/10 of one ordinary share upon the completion of the business combination.