Horizon Aircraft Completes Business Combination with Pono Capital Three “to Become Publicly Traded Company”

Five months after Hori­zon Air­craft announced they would become a pub­lic-trad­ed com­pa­ny by merg­ing with Pono Cap­i­tal Three via a SPAC (Spe­cial Pur­pose Acqui­si­tion Com­pa­ny), the deed has been suc­cess­ful­ly car­ried out, and Hori­zon can now stand proud, where the pub­lic are able to buy and sell shares in the firm via NASDAQ, reports a press release.

A strong and mem­o­rable trad­ing tick­er sym­bol giv­en by the reg­u­la­to­ry author­i­ty is always the hope for every new pub­lic com­pa­ny and Horizon’s is HOVR and HOVRW.

Hori­zon Air­craft announces sign­ing of “defin­i­tive agree­ment to go pub­lic” via busi­ness com­bi­na­tion with Nas­daq-list­ed Pono Cap­i­tal Three

Hori­zon Air­craft Announces Board of Direc­tors for Post-Merg­er Pub­lic Com­pa­ny

Bran­don Robin­son, CEO of Hori­zon Air­craft, com­ment­ed, “I am proud and hon­oured of this sig­nif­i­cant mile­stone as we embark on our jour­ney as a pub­licly trad­ed com­pa­ny. This evo­lu­tion will serve as a cat­a­lyst to accel­er­ate our growth by pro­vid­ing the resources to con­tin­ue the devel­op­ment and test­ing of our prac­ti­cal, real world use hybrid eVTOL, the Cavorite X7.”

Davin Kaza­ma, CEO of Pono, added, “The Pono team is excit­ed to have suc­cess­ful­ly com­plet­ed this busi­ness com­bi­na­tion with Hori­zon. We are eager to see Bran­don and the team suc­cess­ful­ly exe­cute their long-term oper­a­tional and strate­gic objec­tives, build­ing val­ue for share­hold­ers and stake­hold­ers alike as they con­tin­ue to devel­op a dif­fer­en­ti­at­ed air­craft that will become dom­i­nant in the advanced air mobil­i­ty space.”

For more infor­ma­tion

www.horizonaircraft.com

(Top image: Cred­it — Hori­zon Air­craft)