secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001493152-23-005086
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pono Capital Three closes $115M SPAC IPO; full exercise of over-allotment
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- Priced 10M units at $10/unit; underwriters exercised over-allotment for 1.5M additional units, total 11.5M units.
- Gross proceeds of $115M from IPO plus $5.65M from private placement of 565,375 units to sponsor Mehana Capital.
- Total of $117.875M placed in trust account; 12-month deadline for initial business combination (up to 18 months).
- Target focus: disruptive technology companies in Asia, particularly Japan.
- Leadership: CEO Davin Kazama, CFO Gary Miyashiro, Chairman Dustin Shindo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000149315223005086/0001493152-23-005086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000149315223005086/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005086

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer