New Horizon Aircraft Ltd. Files Proxy Statement
Ticker: HOVRW · Form: DEF 14A · Filed: Nov 25, 2024 · CIK: 1930021
Sentiment: neutral
Topics: proxy-statement, annual-meeting, corporate-governance
TL;DR
NHAC proxy filed for Dec 17 meeting. Standard shareholder vote stuff.
AI Summary
New Horizon Aircraft Ltd. filed a definitive proxy statement (DEF 14A) on November 25, 2024, for its annual meeting on December 17, 2024. The company, formerly Pono Capital Three, Inc., is involved in aircraft manufacturing and is based in Lindsay, Ontario. This filing is a standard procedural document for soliciting shareholder votes.
Why It Matters
This filing is crucial for shareholders as it outlines the agenda and proposals for the upcoming annual meeting, allowing them to make informed voting decisions.
Risk Assessment
Risk Level: low — This is a routine proxy filing, not indicating any immediate financial distress or significant corporate action.
Key Numbers
- 001-41607 — SEC File Number (Identifies the company's filing history with the SEC.)
Key Players & Entities
- New Horizon Aircraft Ltd. (company) — Registrant
- Pono Capital Three, Inc. (company) — Former Company Name
- 20241125 (date) — Filing Date
- 20241217 (date) — Meeting Date
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing is a definitive proxy statement filed with the SEC by a company to solicit shareholder votes for an upcoming meeting.
When was this proxy statement filed?
This proxy statement was filed on November 25, 2024.
What is the date of the shareholder meeting?
The shareholder meeting is scheduled for December 17, 2024.
What was the former name of New Horizon Aircraft Ltd.?
The former name of New Horizon Aircraft Ltd. was Pono Capital Three, Inc.
What industry does New Horizon Aircraft Ltd. operate in?
New Horizon Aircraft Ltd. operates in the Aircraft manufacturing industry, with SIC code 3721.
Filing Stats: 4,086 words · 16 min read · ~14 pages · Grade level 13 · Accepted 2024-11-25 08:07:42
Filing Documents
- ea0220153-02.htm (DEF 14A) — 1691KB
- thorizon_001.jpg (GRAPHIC) — 146KB
- tproxy_001.jpg (GRAPHIC) — 1266KB
- tproxy_002.jpg (GRAPHIC) — 1098KB
- 0001213900-24-101814.txt ( ) — 5149KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT   24 CERTAIN RELATIONSHIPS AND RELATED PERSONS TRANSACTIONS   26 EXECUTIVE OFFICERS   30
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION   31 PROPOSAL 3  —  AMENDMENT TO THE NEW HORIZON AIRCRAFT LTD. 2023 EQUITY INCENTIVE PLAN   35 PROPOSAL 4  —  AMENDMENT TO THE AUTHORIZED SHARE STRUCTURE OF THE COMPANY   42 SHAREHOLDER PROPOSALS   44 OTHER MATTERS   46 CONTACT FOR QUESTIONS AND ASSISTANCE WITH VOTING   47 ANNEX A   A-1 ANNEX B   B-1 ANNEX C   C-1 i Table of Contents NEW HORIZON AIRCRAFT LTD. 3187 Highway 35 Lindsay, Ontario, K9V 4R1 (613) 866-1935 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS INTRODUCTION 2024 Annual Meeting of Shareholders This proxy statement and associated proxy card are furnished in connection with the solicitation of proxies to be voted at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”) of New Horizon Aircraft Ltd. (“we,” “us,” or the “Company”), which will be held on Tuesday, December 17, 2024, at 3:00 p.m. Eastern Time virtually via the Internet at https: // www.cstproxy.com / newhorizonaircraft / 2024 . You will need to enter the 12 -digit control number received with your proxy card to enter the Annual Meeting via the online web portal. By visiting this website, you may attend the Annual Meeting virtually online, vote your shares electronically and submit your questions to management during the Annual Meeting. Notice of Internet Availability This Proxy Statement and our Annual Report on Form 10 -K for the year ended May 31, 2024 (the “Annual Report”) are available to shareholders at www.proxyvote.com . On November 25, 2024, we will begin mailing to our shareholders a Notice of Internet Availability of Proxy Materials (the “Notice”) containing instructions on (a) how to access and review thi