New Horizon Aircraft Ltd. Files 8-K

TL;DR

Horizon Aircraft filed an 8-K, check for material agreements & financials.

AI Summary

New Horizon Aircraft Ltd. filed an 8-K on September 5, 2024, to report the entry into a material definitive agreement and to file financial statements and exhibits. The company, previously known as Pono Capital Three, Inc., is incorporated in British Columbia and operates in the aircraft manufacturing sector.

Why It Matters

This filing indicates a significant corporate event or financial disclosure for New Horizon Aircraft Ltd., requiring attention from investors and stakeholders.

Risk Assessment

Risk Level: low — This is a standard 8-K filing reporting a material definitive agreement and financial statements, not indicating immediate financial distress or significant new risks.

Key Players & Entities

• New Horizon Aircraft Ltd. (company) — Registrant
• Pono Capital Three, Inc. (company) — Former company name
• September 5, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $11.50 — Ordinary Share at an exercise price of $11.50 per share HOVRW The Nasdaq Stock M

Filing Documents

• ea0213700-8k_newhorizon.htm (8-K) — 42KB
• ea021370001ex10-1_newhorizon.htm (EX-10.1) — 17KB
• 0001213900-24-076185.txt ( ) — 277KB
• hovr-20240905.xsd (EX-101.SCH) — 4KB
• hovr-20240905_def.xml (EX-101.DEF) — 26KB
• hovr-20240905_lab.xml (EX-101.LAB) — 36KB
• hovr-20240905_pre.xml (EX-101.PRE) — 25KB
• ea0213700-8k_newhorizon_htm.xml (XML) — 6KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 5, 2024 NEW HORIZON AIRCRAFT LTD. (Exact name of registrant as specified in its charter) British Columbia 001-41607 98-1786743 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3187 Highway 35 , Lindsay , Ontario , K9V 4R1 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: ( 613 ) 866-1935 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Class A Ordinary Share, no par value HOVR The Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share HOVRW The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01. Entry into a Material Definitive Agreement. On September 5, 2024, New Horizon Aircraft Ltd., a British Columbia company (the "Company"), amended the terms of each of the outstanding warrants originally issued on August 21, 2024 (the "Warrants") in connection with the closing of its firm commitment underwritten public offering (the "Warrant Amendment"). The Warrant Amendment amends the Common Shares Purchase Warrants, dated August 21, 2024, to remove Section 3(b), which provided for an exercise price adjustment in the event of a dilutive issuance of the Company's Class A ordinary shares ("Common Shares") or other securities convertible into Common Shares, at a price less than the exercise price then in effect immediately prior to such dilutive issuance. The foregoing description of the Warrant Amendment is subject to and qualified in its entirety by reference to the full text of the form of the Warrant Amendment, a copy of which is included as Exhibit 10.1 hereto, the terms of which are incorporated herein by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Form of Warrant Amendment 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: September 5, 2024 By: /s/ E. Brandon Robinson Name: E. Brandon Robinson Title: Chief Executive Officer 2

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View this 8-K filing on SEC EDGAR