New Horizon Aircraft Ltd. Files DEF 14A Proxy Statement

Ticker: HOVRW · Form: DEF 14A · Filed: Feb 4, 2025 · CIK: 1930021

Sentiment: neutral

Topics: proxy-statement, sec-filing, corporate-governance

TL;DR

NHAI proxy filing out, standard shareholder stuff.

AI Summary

New Horizon Aircraft Ltd. filed a definitive proxy statement (DEF 14A) on February 4, 2025, for the period ending February 26, 2025. The company, previously known as Pono Capital Three, Inc. until May 19, 2022, is incorporated in Delaware and operates in the aircraft manufacturing sector. Its fiscal year ends on May 31.

Why It Matters

This filing is a standard proxy statement, indicating the company is preparing for a shareholder meeting or vote, which could involve significant corporate decisions.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing, which is a standard disclosure document for public companies.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing is a definitive proxy statement required by the SEC when a company solicits proxies from its shareholders for an annual or special meeting.

When was New Horizon Aircraft Ltd. formerly known as Pono Capital Three, Inc.?

New Horizon Aircraft Ltd. was formerly known as Pono Capital Three, Inc. until May 19, 2022.

What is the Standard Industrial Classification (SIC) code for New Horizon Aircraft Ltd.?

The SIC code for New Horizon Aircraft Ltd. is 3721, which corresponds to Aircraft manufacturing.

What is the business address of New Horizon Aircraft Ltd.?

The business address of New Horizon Aircraft Ltd. is 3187 Highway 35, Lindsay, A6, K9V 4R1.

What is the fiscal year end for New Horizon Aircraft Ltd.?

The fiscal year end for New Horizon Aircraft Ltd. is May 31.

Filing Stats: 4,328 words · 17 min read · ~14 pages · Grade level 12 · Accepted 2025-02-04 10:57:37

Key Financial Figures

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT   13 SHAREHOLDER PROPOSALS   15 OTHER MATTERS   17 CONTACT FOR QUESTIONS AND ASSISTANCE WITH VOTING   18 i Table of Contents NEW HORIZON AIRCRAFT LTD. 3187 Highway 35 Lindsay, Ontario, K9V 4R1 (613) 866-1935 PROXY STATEMENT FOR THE 2025 SPECIAL MEETING OF SHAREHOLDERS INTRODUCTION 2025 Special Meeting of Shareholders This proxy statement and associated proxy card are furnished in connection with the solicitation of proxies to be voted at the 2025 Special Meeting of Shareholders (the “Special Meeting”) of New Horizon Aircraft Ltd. (“we,” “us,” or the “Company”), which will be held on Wednesday, February 26, 2025, at 10:00 a.m. Eastern Time virtually via the Internet at https: // www.cstproxy.com / newhorizonaircraft /sm2025. You will need to enter the 12 -digit control number received with your proxy card to enter the Special Meeting via the online web portal. By visiting this website, you may attend the Special Meeting virtually online and vote your shares electronically during the Special Meeting. This proxy statement contains important information about the Special Meeting and the proposal to be voted on at the Special Meeting. Whether or not you plan to attend the Special Meeting, the Company urges you to read this material carefully and vote your shares. This proxy statement for the Special Meeting is dated February 4, 2025, and is being distributed or made available to shareholders on or about that date. Proposals to be Voted on at the Special Meeting At the Special Meeting, shareholders will act upon the matters outlined in the notice of meeting accompanying this proxy statement, consisting of (i) the approval, in accordance with Nasdaq Listing Rule 5635, of the conversion of certain Series A preferred shares (the “Series A Preferred Shares

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