New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd. (Nasdaq: HOVR) is a Canadian aerospace company developing hybrid-electric regional aircraft, including its flagship Cavorite X7 platform. The company became publicly traded in early 2024 through a business combination with Pono Capital Three Corp., a blank-check vehicle sponsored by Pono Capital LLC that completed its IPO in 2022. Pono Capital Three targeted the aerospace and advanced transportation sector. The combined company filed an 8-K with the SEC on December 20, 2024, under accession number 0001213900-24-111247, reflecting a material corporate event in the post-merger operating phase. HOVR sits within the emerging advanced air mobility and hybrid-electric aviation industry. Sign up at SpacDesk for the full data profile on HOVR, including filing history, deal timelines, and sponsor analytics.