secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001493152-23-005675
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pono Capital Three completes $115M IPO and $5.65M private placement, deposits $117.9M in trust
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- IPO of 11.5M units at $10.00/unit, including full over-allotment, gross proceeds $115M.
- Private placement of 565,375 units at $10.00/unit, gross proceeds $5.65M.
- Total trust deposit $117.875M ($10.25 per unit) from IPO and private placement proceeds.
- Audited balance sheet shows $119M total assets, $2.68M shareholders' deficit.
- Going concern: must complete business combination by Feb 14, 2024 or liquidate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000149315223005675/0001493152-23-005675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000149315223005675/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-005675

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