New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd. (Nasdaq: HOVR) is a Canadian advanced air mobility company focused on developing hybrid-electric vertical takeoff and landing aircraft, most notably the Cavorite X7. The company reached the public markets through a business combination with Pono Capital Three Corp, a SPAC sponsored by Pono Capital III Sponsor LLC that completed its IPO in 2022. The August 15, 2023 Form 8-K filing, carrying accession number 0001493152-23-029037, represents a material event disclosure during the de-SPAC transaction process. Operating in the aerospace and advanced air mobility sector, New Horizon Aircraft sits at the intersection of aviation technology and emerging electric propulsion trends. Visit SpacDesk and sign up for full data, filings, and deal analytics on HOVR and hundreds of other SPAC transactions.