New Horizon Aircraft Ltd. Files 8-K

TL;DR

Horizon Aircraft filed an 8-K, check financials and FD disclosures.

AI Summary

New Horizon Aircraft Ltd. filed an 8-K on August 21, 2024, reporting a Regulation FD Disclosure and Financial Statements and Exhibits. The company, formerly known as Pono Capital Three, Inc., is incorporated in British Columbia and operates in the aircraft manufacturing sector. Its principal executive offices are located at 3187 Highway 35, Lindsay, Ontario, K9V 4R1.

Why It Matters

This filing provides an update on New Horizon Aircraft Ltd.'s corporate status and financial reporting, which is crucial for investors to assess the company's current standing and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard corporate disclosure and does not contain information indicating significant immediate risk.

Key Numbers

• 001-41607 — Commission File Number (Identifies the company's filing with the SEC)
• 98-1786743 — IRS Employer Identification No. (Tax identification for the company)

Key Players & Entities

• New Horizon Aircraft Ltd. (company) — Registrant
• Pono Capital Three, Inc. (company) — Former company name
• August 21, 2024 (date) — Date of earliest event reported
• 3187 Highway 35, Lindsay, Ontario, K9V 4R1 (location) — Principal executive office address

FAQ

Key Financial Figures

• $11.50 — Ordinary Share at an exercise price of $11.50 per share HOVRW The Nasdaq Stock Ma
• $0.50 — "Units") at a public offering price of $0.50 per Unit, with each Unit consisting of:

Filing Documents

• ea0212027-8k_newhorizon.htm (8-K) — 30KB
• ea021202701ex99-1_newhori.htm (EX-99.1) — 10KB
• ex99-1_001.jpg (GRAPHIC) — 6KB
• 0001213900-24-071471.txt ( ) — 269KB
• hovr-20240821.xsd (EX-101.SCH) — 4KB
• hovr-20240821_def.xml (EX-101.DEF) — 26KB
• hovr-20240821_lab.xml (EX-101.LAB) — 36KB
• hovr-20240821_pre.xml (EX-101.PRE) — 25KB
• ea0212027-8k_newhorizon_htm.xml (XML) — 6KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. As disclosed in the Current Report on Form 8-K filed on August 20, 2024 by New Horizon Aircraft Ltd. (the "Company"), on August 19, 2024, the Company entered into an underwriting agreement (the "Underwriting Agreement") with EF Hutton LLC as the underwriter (the "Underwriter"), relating to a firm commitment underwritten public offering (the "Offering") of 5,800,000 units (the "Units") at a public offering price of $0.50 per Unit, with each Unit consisting of: (i) either one Class A ordinary share, no par value per share, of the Company (a "Common Share") or one pre-funded warrant to purchase one Common Share; and (ii) one warrant ("Warrant") to purchase one Common Share. On August 21, 2024, the Company issued a press release announcing the closing of the Offering. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information set forth in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated as of August 21, 2024. 104 Cover Page Interactive Data File (formatted in Inline XBRL). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEW HORIZON AIRCRAFT LTD. Date: August 21, 2024 By: /s/ E. Brandon Robinson Name: E. Brandon Robinson Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR