150,000 Shares in Horizon Space Acquisition II Corp. $HSPT Bought by L1 Global Manager Pty Ltd

L1 Global Manager Pty Ltd acquired a new stake in Horizon Space Acquisition II Corp. (NASDAQ:HSPT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,582,000. Horizon Space Acquisition II accounts for approximately 1.0% of L1 Global Manager Pty Ltd’s portfolio, making the stock its 27th biggest holding.

Horizon Space Acquisition II Stock Performance

HSPT stock opened at $5.80 on Friday. The company has a 50-day moving average price of $8.42. Horizon Space Acquisition II Corp. has a 12-month low of $3.59 and a 12-month high of $14.31.

Horizon Space Acquisition II (NASDAQ:HSPT) last announced its earnings results on Wednesday, May 20th. The company reported $0.07 earnings per share for the quarter.

Horizon Space Acquisition II News Roundup

Here are the key news stories impacting Horizon Space Acquisition II this week:

• Positive Sentiment: Horizon Space Acquisition II completed its business combination with SL BIO Ltd., creating SL Science Holding Limited and providing capital to support development of gamma delta T cell-based therapies for solid tumor indications. Article Title
• Neutral Sentiment: Trading in HSPT was halted multiple times on June 11 and June 12 due to LULD pauses, indicating extreme intraday volatility as investors reacted to the merger and ticker transition.
• Negative Sentiment: The stock’s sharp decline appears tied to the SPAC conversion and the market’s reassessment of value after the deal closed, with repeated halts signaling unstable trading conditions.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Horizon Space Acquisition II in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About Horizon Space Acquisition II

We are a blank check company incorporated in the Cayman Islands on March 21, 2023 as an exempted company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location.