New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd. (Nasdaq: HOVR) is a Canadian advanced air mobility company that entered the public markets through a SPAC merger with Pono Capital Three Corp, sponsored by Pono Capital Group, which completed its IPO in 2022. The company is developing the Cavorite X7, a hybrid-electric vertical takeoff and landing aircraft designed for regional air mobility applications, placing it within the emerging aerospace and advanced air mobility sector. New Horizon filed its 10-K annual report with the SEC on March 28, 2024, marking its status as a post-merger public company operating in the pre-revenue development stage. For full filing history, deal analytics, and ongoing coverage of HOVR and hundreds of other SPAC transactions, sign up for SpacDesk.