SCHEDULE: First Trust Entities Report Zero Stake in Horizon Space

First Trust Merger Arbitrage Fund and related entities have filed an amended Schedule 13G, reporting 0% beneficial ownership in Horizon Space Acquisition I Corp.

Summary

• First Trust Merger Arbitrage Fund, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC (collectively, the "Reporting Persons") have filed an Amendment No. 3 to Schedule 13G.
• The filing indicates that as of December 31, 2025, the Reporting Persons collectively beneficially owned 0 shares of Horizon Space Acquisition I Corp.'s Ordinary Shares.
• This represents 0.00% of the class of Ordinary Shares.
• The Reporting Persons certify that the securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a standard regulatory update reflecting a change in beneficial ownership to 0%, rather than an operational or financial performance report for the issuer.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the issuer's future outlook.

Management Comments

• Joy Ausili, Trustee, Vice President and Assistant Secretary for First Trust Merger Arbitrage Fund, certified the information.
• Chad Eisenberg, Chief Operating Officer for First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC, certified the information.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by institutional investors who acquire more than 5% of a company's stock, but do not intend to influence control. An amendment reporting 0% ownership typically signifies that the reporting entity has either sold off its entire stake or reduced it below the 5% reporting threshold. This particular filing indicates a complete divestment by the First Trust entities from Horizon Space Acquisition I Corp.

Stakeholder Impact

• Shareholders: The divestment by First Trust entities may be noted by other institutional investors, but given the 0% reported ownership, it has minimal direct impact on the company's current shareholder base or stock price.

Key Dates

Keywords

Horizon Space Acquisition I Corp, First Trust Merger Arbitrage Fund, Schedule 13G/A, Beneficial Ownership, Investment Adviser, SEC Filing, Ordinary Shares