secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001213900-24-001308
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pono Capital Three shareholders approve Horizon Aircraft business combination; 99% of public shares redeemed
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- Over 81.1% of outstanding shares voted to approve the business combination at Jan 4 meeting.
- 11.5M public shares (99%) redeemed, with ~$121.8M estimated to be removed from trust account ($10.62/share).
- Post-closing company will be named New Horizon Aircraft Ltd., trading on Nasdaq under HOVR (stock) and HOVRW (warrants).
- All six shareholder proposals were approved, including the SPAC continuance and Nasdaq listing proposals.
- Closing expected after satisfaction of remaining conditions, including Nasdaq listing approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024001308/0001213900-24-001308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024001308/ea191150-8k425_pono3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-001308

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