{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-004932","form_type":"8-K","ticker":"HOVR","cik":"0001930021","company_name":"New Horizon Aircraft Ltd.","filed_at":"2024-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.324257+00:00","generated_at":"2026-06-06T21:30:33.529753+00:00","sec_items":["1.01","2.01","9.01","5.02","3.02","3.03","5.01","5.03","5.06"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"New Horizon Aircraft completes de-SPAC merger with Pono Capital Three","bullets":["Total consideration ~$99M; issued 9.42M Class A shares to Horizon shareholders.","Pono shareholders redeemed 9.85M shares for ~$104.5M; trust account left ~$17.45M.","PIPE investor subscribed 200,000 shares at $2M; 754,013 incentive shares transferred.","Six-month lock-up on shares; early release if price >=$12 for 20 days after 150-day period.","Post-merger ownership: Sponsor 33%, former Horizon shareholders 51%, public ~10%, PIPE ~5%."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-004932","json":"https://secwatch.observer/filing/0001213900-24-004932.json","markdown":"https://secwatch.observer/filing/0001213900-24-004932.md","text":"https://secwatch.observer/filing/0001213900-24-004932.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024004932/0001213900-24-004932-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024004932/ea191793-8k_newhoriz.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T21:30:33.529753+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"35cdf051a0606d4022438810e78fd509fd55b444","claim":"New Horizon Aircraft Ltd.: Board approved changing fiscal year end from December 31st to May 31st (effective 2024-01-18).","evidence_excerpt":"On January 18, 2024, the Board approved a change in fiscal year end of New Horizon from December 31st to May 31st.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024004932/0001213900-24-004932-index.htm","confidence":0.99,"family_label":"Governance Changes","details":[{"label":"Change","value":"fiscal year change"},{"label":"Effective","value":"2024-01-18"}],"fact_type":"governance_change"},{"claim_id":"6565c1e8d5e4a5fa5afb001177387c1ba28ce783","claim":"New Horizon Aircraft Ltd.: Pono ceased being a shell company as a result of the Business Combination.","evidence_excerpt":"As a result of the Business Combination, Pono ceased being a shell company.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024004932/0001213900-24-004932-index.htm","confidence":0.99,"family_label":"Governance Changes","details":[{"label":"Change","value":"shell status"}],"fact_type":"governance_change"},{"claim_id":"6b08ecf2f60a330deddd721a4113f45b38ad8dee","claim":"New Horizon Aircraft Ltd.: Pono adopted the Articles of post-combination New Horizon effective as of the Closing Date.","evidence_excerpt":"the shareholders of Pono approved the Articles of post-combination New Horizon (as defined below) at the Special Meeting. In connection with the Closing, Pono adopted the Articles effective as of the Closing Date.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024004932/0001213900-24-004932-index.htm","confidence":0.92,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"fa86db49b270e5f88164a17908e01ef061111838","claim":"New Horizon Aircraft Ltd. underwent a change of control involving Horizon Aircraft (Robinson Aircraft, Ltd. d/b/a Horizon Aircraft) for Exchange Consideration was approximately $99 million (closed 2024-01-12).","evidence_excerpt":"by reference. Pursuant to the terms of the BCA, the total consideration for the Business Combination and related transactions (the “ Exchange Consideration ”) was approximately $99 million. In connection with the Special Meeting, holders of 9,852,558 Pono Class A ordinary shares sold in its initial public offering exercised their right to redeem those shares for","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024004932/0001213900-24-004932-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Horizon Aircraft (Robinson Aircraft, Ltd. d/b/a Horizon Aircraft)"},{"label":"Consideration","value":"Exchange Consideration was approximately $99 million"},{"label":"Closing","value":"2024-01-12"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}