New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd., listed under ticker PTHR, is a Canadian aerospace company developing the Cavorite X7 hybrid-electric vertical takeoff and landing aircraft. The company entered the public markets through a de-SPAC merger with Pono Capital Three Corp, sponsored by Pono Capital, which closed in early 2023 following the blank-check vehicle's IPO in 2022. The 10-Q filed on August 10, 2023 represents one of New Horizon's first quarterly disclosures as a combined public company, giving investors an early operating-company view of its development-stage programs within the advanced air mobility sector. Sign up on SpacDesk for full filing history, sponsor analytics, and deal data on PTHR.