SCHEDULE 13G/A: TD Securities (USA) LLC Discloses 2.3% Passive Stake in Horizon Space Acquisition II Corp.
Beneficial Ownership Report (Schedule 13G Amendment)
TD Securities (USA) LLC, along with its parent entities, has filed an amended Schedule 13G disclosing a 2.3% beneficial ownership stake in Horizon Space Acquisition II Corp. as of March 31, 2025.
Summary
- TD Securities (USA) LLC, a Delaware-based broker-dealer, reported beneficial ownership of 206,000 ordinary shares of Horizon Space Acquisition II Corp.
- This ownership represents 2.3% of the issuer's outstanding ordinary shares.
- TD Securities (USA) LLC holds sole voting power and sole dispositive power over all 206,000 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating a change from a previous filing.
- The filing was made jointly by TD Securities (USA) LLC, Toronto Dominion Holdings USA Inc., TD Group US Holdings LLC, and Toronto Dominion Bank.
- Toronto Dominion Holdings USA Inc. is the sole owner of TD Securities (USA) LLC, TD Group US Holdings LLC is the sole owner of Toronto Dominion Holdings USA Inc., and Toronto Dominion Bank is the sole owner of TD Group US Holdings LLC.
- The parent entities (Toronto Dominion Holdings USA Inc., TD Group US Holdings LLC, and Toronto Dominion Bank) disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.
- 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 beneficial ownership filing (Schedule 13G Amendment) and does not contain information that would typically influence sentiment positively or negatively regarding the issuer's performance or outlook. It merely discloses a passive ownership stake.
Risks
- The reporting persons explicitly state that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Horizon Space Acquisition II Corp.
Future Outlook
This document is a beneficial ownership report and does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
Horizon Space Acquisition II Corp. is likely a Special Purpose Acquisition Company (SPAC), given its name, which typically raises capital through an IPO to acquire a private company. The filing indicates a passive investment by a financial institution, TD Securities (USA) LLC, which is common for broker-dealers holding positions in the ordinary course of business.
Related Party Transactions
- The filing is jointly made by TD Securities (USA) LLC and its parent entities: Toronto Dominion Holdings USA Inc., TD Group US Holdings LLC, and Toronto Dominion Bank, reflecting their corporate ownership structure and indirect interest in the shares.
Stakeholder Impact
- Shareholders are informed of a significant, albeit passive, ownership stake held by a major financial institution, which can provide some level of market confidence.
- The disclosure clarifies that the investment is not intended to influence or change control of the issuer.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which required the filing of this statement (beneficial ownership threshold met or changed). |
| 05/12/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
Schedule 13G, Beneficial Ownership, SEC Filing, Horizon Space Acquisition II Corp., TD Securities (USA) LLC, Ordinary Shares, Passive Investment, Broker-Dealer, Investment Disclosure
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