SCHEDULE 13G: W. R. Berkley Corporation Discloses 5.7% Passive Stake in Horizon Space Acquisition II Corp.
Beneficial Ownership Disclosure
W. R. Berkley Corporation and its subsidiary Berkley Insurance Company have disclosed a 5.7% beneficial ownership stake in Horizon Space Acquisition II Corp., holding 521,903 ordinary shares.
Summary
- W. R. Berkley Corporation and its subsidiary, Berkley Insurance Company, have jointly reported beneficial ownership of ordinary shares in Horizon Space Acquisition II Corp.
- The reporting persons collectively beneficially own 521,903 ordinary shares of Horizon Space Acquisition II Corp.
- This ownership represents 5.7% of the total outstanding ordinary shares of Horizon Space Acquisition II Corp.
- The shares are held with shared voting power and shared dispositive power, indicating a passive investment approach.
- The ownership percentage calculation is based on Horizon Space Acquisition II Corp.'s publicly available Form 10-K, which stated 9,080,000 ordinary shares outstanding as of March 24, 2025.
Sentiment
Score: 5
Explanation: This filing is a factual disclosure of beneficial ownership and does not contain information that would significantly alter the perceived sentiment towards the issuer, indicating a neutral impact.
Positives
- An institutional investor, W. R. Berkley Corporation, has taken a significant stake (5.7%) in Horizon Space Acquisition II Corp., which could be interpreted as a vote of confidence in the company.
Future Outlook
NA
Management Comments
- 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 Rule 14a-11.
Industry Context
This filing represents a standard disclosure of a passive institutional investment in a Special Purpose Acquisition Company (SPAC), Horizon Space Acquisition II Corp., by an insurance holding company, W. R. Berkley Corporation. Such investments are common for institutional portfolios seeking diversification or specific market exposure within their investment mandates.
Stakeholder Impact
- Shareholders of Horizon Space Acquisition II Corp. may view the disclosed 5.7% stake by W. R. Berkley Corporation as a sign of institutional interest, potentially enhancing market confidence.
Next Steps
- Continued compliance with SEC reporting requirements for beneficial ownership by W. R. Berkley Corporation and Berkley Insurance Company.
Key Dates
| Date | Description |
|---|---|
| 03/24/2025 | Date as of which Horizon Space Acquisition II Corp. had 9,080,000 ordinary shares outstanding, as reported in their Form 10-K. |
| 03/27/2025 | Date Horizon Space Acquisition II Corp.'s Form 10-K was filed, which was used for the ownership percentage calculation. |
| 03/31/2025 | Date of the event which required the filing of this Schedule 13G statement. |
| 04/08/2025 | Date the Schedule 13G was signed and filed by W. R. Berkley Corporation and Berkley Insurance Company. |
Keywords
Horizon Space Acquisition II Corp., W. R. Berkley Corporation, Berkley Insurance Company, Schedule 13G, beneficial ownership, ordinary shares, institutional investment, passive stake, SPAC
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