New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd. (Nasdaq: HOVR) is a Canadian aerospace company developing hybrid-electric vertical takeoff and landing aircraft, including its Shortstop eVTOL platform targeting regional air mobility markets. The company reached the public markets through a business combination with Pono Capital Three Corp. (Nasdaq: PNTM), a blank-check vehicle that completed its IPO in 2022 and was sponsored by Pono Capital Three LLC. New Horizon filed an amended S-1 registration statement with the SEC on June 24, 2024, reflecting post-merger public company obligations as it advances development in the advanced air mobility sector. For comprehensive filing history, deal metrics, and sponsor data on HOVR and the broader SPAC market, sign up for full access on SpacDesk.