HSPO Announces Nasdaq Delisting Date—Shares Set to Begin OTC Trading

Transition to OTC Markets Marks a Significant Shift for HSPO Investors

Horizon Space Acquisition I Corp. (HSPO), a special purpose acquisition company, revealed that its securities—including ordinary shares, units, warrants, and rights—will be suspended from Nasdaq prior to market open on December 12, 2025. Trading will continue the same day on the over-the-counter (OTC) markets, specifically on OTCQB for shares, rights, and warrants, and OTCID for its units. This change is part of a voluntary delisting process, following notification to Nasdaq on December 3, 2025.

No Shareholder Action Needed Amid Seamless Trading Transition

For investors, the most notable aspect of this move is that no immediate action is required. The last day HSPO's securities will trade on Nasdaq is December 11, 2025, after which they will receive new ticker symbols upon joining the OTC. HSPO plans to continue submitting periodic reports to the SEC, aiming to maintain transparency despite the venue shift.

Why Move from Nasdaq to OTC? Company Focuses on Flexibility

SPACs like HSPO often evaluate the balance of cost, liquidity, and regulatory requirements when choosing their trading platform. While Nasdaq offers visibility, OTC markets provide cost savings and ongoing listing flexibility, which can be strategic for a company still searching for an acquisition target. According to the company, this transition does not affect shareholder rights or ownership.

Company Will Remain Committed to Transparency After the Delisting

HSPO states it will continue to file regular reports with the SEC, offering investors visibility into ongoing operations. The company emphasizes its ongoing mission as a SPAC to seek a business combination, and reassures shareholders of its ongoing commitment despite the change in trading venue.

Key Takeaway: Investors Face Minimal Disruption but Should Track OTC Developments

While the switch from Nasdaq to OTC markets marks a major transition for HSPO, investors' holdings remain unchanged and day-to-day processes are largely unaffected. The company's move aligns with its flexible approach as a blank check company. That said, the liquidity and visibility typically found on national exchanges like Nasdaq can differ on OTC platforms, making it worthwhile for shareholders to follow the upcoming ticker changes and keep an eye on post-delisting volumes and corporate updates.

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