---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029339"
form_type: "8-K/A"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T08:03:58.240906+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "medium"
source: SEC EDGAR
---

# Pono Capital Three amends 8-K to add EF Hutton as Capital Markets Advisor for Horizon merger

## Summary
- Amendment corrects Aug 15 press release to include EF Hutton, a division of Benchmark Investments, as Capital Markets Advisor.
- Business Combination Agreement with Horizon Aircraft values the target at $96M enterprise value.
- Pono to redomesticate to British Columbia; Merger Sub will amalgamate with Horizon at closing.
- Horizon stockholders subject to 6-month lock-up, early release if PTHR price >= $12 for 20 of 30 days after 150 days.
- Closing conditions include minimum $5M net tangible assets and Nasdaq listing of shares issued as consideration.

## SEC filing metadata
- accession: 0001493152-23-029339
- form_type: 8-K/A
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: medium
- sec_items: 7.01, 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000149315223029339/0001493152-23-029339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000149315223029339/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029339
- JSON: https://secwatch.observer/filing/0001493152-23-029339.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029339.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.