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Horizon Space Acquisition II Corp.

SLBT NASDAQ Categories PDF
Healthcare · Biotechnology
New York, NY 10018, United States IPO 2025 horizonacquisitionii.com Updated Jun 27, 12:36am
Price
$3.75
Market Cap
$29.7M
Employees
2
Beta
0.09
Avg Volume
670,680
CEO
Mingyu Li
Business Description

Horizon Space Acquisition II Corp. aims to achieve strategic business combinations with other companies. This objective can be fulfilled through various transactional structures, including mergers, exchanges of shares, acquisitions of assets, direct purchases of stock, recapitalizations, or other forms of corporate reorganization. The firm was founded in 2023 and maintains its headquarters in New York, New York.

Business History
Price Overview
Last updated: Jun 27, 2026 10:04am (just now)
$3.75
-0.44 (-10.50%)
Day Range
$3.67 – $3.99
52-Week Range
$3.00 – $14.50
50-Day MA
$8.10
200-Day MA
$9.55
Volume
110,171.00
Share Structure
Outstanding 7,917,000.00
Float 6,412,944.00
Free Float 81.0%
High free float — 81.0% of shares trade freely, ~19% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Small absolute float (6.4M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Last updated: Jun 27, 2026 12:36am (9h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 23, 2026 11:11pm (3d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
Stock Price / EPS (Diluted)
Stock Price: $3.75
EPS (Diluted): 0.00
EPS is zero — cannot divide
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.00
Stock Price: $3.75
Total Equity: $5.73M
Shares: 0
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-22.64
Market Cap: $29.69M
Total Debt: $0.00
Cash: $3.68M
EBITDA: -$1.15M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
-$3.7M
Market Cap: $29.69M
Total Debt: $0.00
Cash: $3.68M
P/S Ratio (Price per dollar of revenue)
API
Stock Price / Revenue Per Share
0.00
Stock Price: $3.75
Revenue: $3.36M
Shares: 0
EV/Sales (Total value vs revenue — works when P/E can't)
API
-1.09
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
57.5%
Gross Profit: $1.93M
Revenue: $3.36M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-35.6%
Operating Income: -$1.20M
Revenue: $3.36M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-35.4%
Net Income: -$1.19M
Revenue: $3.36M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-25.6%
Net Income: -$1.19M
Total Equity: $5.73M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-20.4%
Operating Income: -$1.20M
Tax Rate: -5.1%
Equity: $5.73M
Total Debt: $0.00
Cash: $3.68M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
84.61
Current Assets: $5.86M
Current Liabilities: $69,198
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $5.73M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
Revenue / Shares Outstanding
Revenue: $3.36M
Shares: 0
Book Value/Share (Net assets per share)
(Total Assets - Total Liabilities) / Shares
Total Equity: $5.73M
Shares: 0
FCF/Share (Real cash generated per share)
(Operating Cash Flow + CapEx) / Shares
Operating CF: $280,158
CapEx: -$7,970
Shares: 0
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $3.75
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: -$1.19M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SLBT against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 23, 2026 11:11pm (3d ago)
Metric 2023 2024
Revenue $878,971 $3.4M
Cost of Revenue $140,963 $1.4M
Gross Profit $738,008 $1.9M
Operating Expenses $641,180 $3.1M
Operating Income $96,828 -$1.2M
Net Income $399,035 -$1.2M
EBITDA $134,019 -$1.1M
EPS $0.00 $0.00
EPS (Diluted)
Balance Sheet (Annual)
Last updated: Jun 23, 2026 11:11pm (3d ago)
Metric 2023 2024
Cash & Equivalents $276,854 $3.7M
Total Current Assets $3.5M $5.9M
Total Assets $4.2M $5.9M
Current Liabilities $183,025 $69,198
Long-Term Debt $0 $0
Total Liabilities $668,066 $204,899
Total Equity $3.6M $5.7M
Retained Earnings $0 -$1.7M
Cash Flow (Annual)
Last updated: Jun 23, 2026 11:11pm (3d ago)
Metric 2023 2024
Operating Cash Flow -$2.5M $280,158
Capital Expenditure $-182,984 $-7,970
Free Cash Flow -$2.6M $272,188
Acquisitions (net) $0 $0
Debt Repayment
Dividends Paid
Stock Buybacks $0 $0
Net Change in Cash $216,487 $3.7M
Growth Trends (YoY %)
Last updated: Jun 23, 2026 11:11pm (3d ago)
Metric 2024
Revenue Growth +282.7%
Gross Profit Growth +161.9%
Operating Income Growth -1,335.3%
Net Income Growth -398.6%
EBITDA Growth -957.2%
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SLBT — it's generated by the pipeline (market-narrative step).
Community AI Feedback
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30