M&A
confidence high
sentiment neutral
materiality 0.70
Pono Capital Three completes SPAC continuance; Horizon Aircraft merger closing Jan 12
New Horizon Aircraft Ltd.
- SPAC continuance from Cayman Islands to British Columbia completed Jan 11, 2024, approved by board and shareholders on Jan 4.
- Business combination with Horizon Aircraft expected to close Jan 12, 2024; company to rename to New Horizon Aircraft Ltd.
- Class A ordinary shares to trade under new symbol HOVR and warrants under HOVRW starting Jan 16, 2024.
- New CUSIP numbers: ordinary shares 64550A107, warrants 64550A115; pre-combination securities receive new CUSIPs as well.