Brief: Horizon Aircraft To Go Public Via A Business Combination With Pono Capital Three Inc

New Horizon Aircraft

15/08/2023 22:58

Aug 15 (Reuters) - Pono Capital Three Inc  PTHR.O :
    * HORIZON AIRCRAFT, AN ELECTRIC VERTICAL TAKEOFF AND LANDING
(EVTOL) AIRCRAFT DEVELOPER, ANNOUNCES THE SIGNING OF A
DEFINITIVE AGREEMENT TO GO PUBLIC VIA A BUSINESS COMBINATION
WITH PONO CAPITAL THREE, INC, A NASDAQ LISTED COMPANY
    * PONO CAPITAL THREE - TRANSACTION VALUES HORIZON AIRCRAFT
AT $96
MILLION
    * PONO CAPITAL THREE - BOARDS OF HORIZON AIRCRAFT AND CO
HAVE
UNANIMOUSLY APPROVED THE BUSINESS COMBINATION AGREEMENT AND THE
PROPOSED TRANSACTIONS
    * PONO CAPITAL THREE- UNDER DEAL, EXPECTS PONO TO CHANGE
NAME TO
“HORIZON AIRCRAFT LTD.” OR SUCH OTHER NAME AS MAY BE DETERMINED
BY ROBINSON AIRCRAFT


Further company coverage:  PTHR.O 

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