Form 4: Director Qian Xu Exits Horizon Space Acquisition II Corp.
Director Exit Filing
Director Qian Xu has ceased serving on the board of Horizon Space Acquisition II Corp. following the company's business combination.
Summary
- Qian Xu has resigned as a director of Horizon Space Acquisition II Corp. (HSPT).
- The departure follows the successful consummation of the company's initial business combination on June 12, 2026.
- The reporting person no longer holds any ordinary shares of the issuer.
- This filing serves as an exit report, as the individual 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 a SPAC merger process.
Positives
- Successful completion of the initial business combination as of June 12, 2026.
Negatives
- Loss of a board member following the transition to a post-combination entity.
Risks
- Post-merger integration risks associated with the business combination involving SL Science Holding Limited and other entities.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing instead on the cessation of reporting obligations for the individual.
Management Comments
- The reporting person no longer served as a director of HSPT or held any ordinary shares of HSPT after June 12, 2026.
Industry Context
StockSavvy.ai notes that director departures are standard procedure following the completion of a SPAC (Special Purpose Acquisition Company) business combination, as boards are typically reconstituted to reflect the new ownership structure.
Comparison to Industry Standards
- The exit filing is consistent with standard regulatory compliance for SPACs transitioning to operating companies.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Qian Xu | N/A | 06/12/2026 | Consummation of initial business combination. |
Stakeholder Impact
- Shareholders should note the change in board composition following the business combination.
Next Steps
- The reporting person is no longer subject to Section 16 reporting requirements for this issuer.
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 a director. |
| 06/16/2026 | Date of filing for the Form 4 exit statement. |
Keywords
Horizon Space Acquisition II Corp, HSPT, Director Resignation, Business Combination, SEC Form 4, Corporate Governance
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