SCHEDULE 13G: Key Investors Disclose Significant Stakes in Horizon Space Acquisition II Corp.

ATW SPAC Management LLC, Kerry Propper, and Antonio Ruiz-Gimenez have disclosed significant beneficial ownership stakes in Horizon Space Acquisition II Corp., with holdings ranging from 5.9% to 8.5% of the ordinary shares.

Summary

• ATW SPAC Management LLC, a Delaware-based registered investment adviser, beneficially owns 574,990 ordinary shares, representing 5.9% of Horizon Space Acquisition II Corp.'s class of securities.
• Kerry Propper, a U.S. citizen, beneficially owns 835,000 ordinary shares, representing 8.5% of the company's ordinary shares.
• Antonio Ruiz-Gimenez, a Spanish citizen, also beneficially owns 835,000 ordinary shares, representing 8.5% of the company's ordinary shares.
• The shares are held by private funds managed by ATW SPAC Management LLC and an affiliate, with Kerry Propper and Antonio Ruiz-Gimenez serving as managing members of the Adviser and its affiliate.
• All reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine Schedule 13G filing disclosing beneficial ownership, which is a factual and compliance-driven report. It does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or prospects.

Positives

• Disclosure of significant beneficial ownership by institutional investors and key individuals, which can signal confidence in the issuer.
• The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, indicating a passive investment stance.

Future Outlook

NA

Management Comments

• "This report shall not be deemed an admission that any reporting person herein or any other person is the beneficial owner of the securities reported herein for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose."
• "Each of the reporting persons herein disclaims beneficial ownership of the Shares reported herein except to the extent of the reporting person's pecuniary interest therein, if any."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

NA

Related Party Transactions

• The shares are held by private funds managed by ATW SPAC Management LLC, a registered investment adviser.
• A portion of the shares are held by SZOP Multistrat LP, a private fund managed by an affiliate of ATW SPAC Management LLC.
• Antonio Ruiz-Gimenez and Kerry Propper are managing members of ATW SPAC Management LLC and its affiliate, establishing a relationship between the individuals and the entity holding the shares.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes by institutional investors and key individuals, which can influence investor perception and confidence.

Key Dates

Keywords

Horizon Space Acquisition II Corp., ATW SPAC Management LLC, Kerry Propper, Antonio Ruiz-Gimenez, Schedule 13G, beneficial ownership, ordinary shares, SEC filing, investment adviser, SPAC