M&A
confidence high
sentiment positive
materiality 0.60
Pono Capital Three waives Horizon merger condition, secures $2M subscription for closing
New Horizon Aircraft Ltd.
- Waived equity financing closing condition in Business Combination Agreement with Horizon Aircraft.
- Subscription Agreement for $2M (200k Class A shares at $10/share) to fund the merger.
- Horizon agreed to transfer 330k Incentive Shares to subscriber, 470k to designees.
- Shares issued unregistered under Section 4(a)(2)/Reg D; closing concurrent with merger.
- Subscription closing contingent on substantially concurrent consummation of the business combination.