Form 4: CFO Zhai Min Exits Horizon Space Acquisition II Corp.
Exit Form 4
Chief Financial Officer Zhai Min has ceased serving as an officer of Horizon Space Acquisition II Corp. following the company's business combination.
Summary
- Zhai Min, the former Chief Financial Officer of Horizon Space Acquisition II Corp. (HSPT), has officially stepped down from his position.
- The departure occurred in connection with the consummation of the company's initial business combination on June 12, 2026.
- The reporting person no longer holds any ordinary shares of HSPT and is no longer subject to Section 16 reporting requirements.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting the expected conclusion of an executive's tenure following a corporate merger.
Positives
- Successful completion of the initial business combination as of June 12, 2026.
Negatives
- Departure of a key executive officer (CFO) following the business combination.
Risks
- Transition risks associated with the change in executive leadership following a major corporate merger.
Future Outlook
The filing does not provide forward-looking financial guidance, as it is an exit notification regarding an executive's departure following a completed business combination.
Management Comments
- The reporting person no longer served as an officer of HSPT or held any ordinary shares of HSPT after June 12, 2026.
Industry Context
StockSavvy.ai notes that executive turnover is common following SPAC business combinations as companies transition from acquisition vehicles to operating entities.
Comparison to Industry Standards
- The departure of a CFO upon the completion of a SPAC merger is consistent with standard post-merger management restructuring in the blank-check company sector.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer | Zhai Min | Not disclosed | 06/12/2026 | Consummation of initial business combination |
Stakeholder Impact
- Shareholders should monitor for announcements regarding the appointment of a new CFO to ensure continuity in financial reporting and governance.
Next Steps
- The company will likely announce a successor for the Chief Financial Officer role if not already disclosed.
Key Dates
| Date | Description |
|---|---|
| 05/09/2025 | Date of the Business Combination Agreement. |
| 06/12/2026 | Consummation of the initial business combination and date the reporting person ceased serving as an officer. |
| 06/16/2026 | Date of filing for the Exit Form 4. |
Keywords
Horizon Space Acquisition II Corp, HSPT, CFO departure, Business combination, SEC Form 4, Executive transition
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