Pono Capital Three(PTHR)
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Pono Capital Three(PTHR) - 2025 Q3 - Quarterly Results
2025-10-10 12:37
[Form 8-K Filing Details](index=1&type=section&id=Form%208-K%20Filing%20Details) This section outlines the registrant's identification, registered securities, and emerging growth company status [Registrant Information](index=1&type=section&id=Registrant%20Information) This section provides the basic identification details of New Horizon Aircraft Ltd., including its jurisdiction of incorporation, commission file number, address, and contact information - Registrant: **NEW HORIZON AIRCRAFT LTD.**[1](index=1&type=chunk) - Jurisdiction of incorporation: **British Columbia**[2](index=2&type=chunk) - Commission File Number: **001-41607**[2](index=2&type=chunk) - Address: **3187 Highway 35, Lindsay, Ontario, K9V 4R1**[2](index=2&type=chunk) - Telephone number: **(613) 866-1935**[2](index=2&type=chunk) [Securities and Emerging Growth Company Status](index=1&type=section&id=Securities%20and%20Emerging%20Growth%20Company%20Status) This section details the classes of securities registered by New Horizon Aircraft Ltd. on The Nasdaq Stock Market LLC and confirms its status as an emerging growth company, indicating its election regarding accounting standards transition periods Registered Securities | Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | | :--- | :--- | :--- | | Class A Ordinary Share, no par value | HOVR | The Nasdaq Stock Market LLC | | Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share | HOVRW | The Nasdaq Stock Market LLC | - The registrant is an **emerging growth company**[3](index=3&type=chunk) - The registrant has elected to use the **extended transition period** for complying with new or revised financial accounting standards[3](index=3&type=chunk) [Item 2.02. Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition) This section details the announcement of financial results and clarifies the legal status of the furnished information [Announcement of Financial Results](index=2&type=section&id=Announcement%20of%20Financial%20Results) New Horizon Aircraft Ltd. announced its financial and operating results for the quarter ended August 31, 2025, via a press release issued on October 10, 2025, which is furnished as Exhibit 99.1 to this Current Report on Form 8-K - The company issued a press release on **October 10, 2025**[4](index=4&type=chunk) - The press release announced financial and operating results for the quarter ended **August 31, 2025**[4](index=4&type=chunk) - A copy of the press release is furnished as **Exhibit 99.1** to this Current Report on Form 8-K[4](index=4&type=chunk) [Legal Disclaimer](index=2&type=section&id=Legal%20Disclaimer) This section clarifies that the information provided in Item 2.02 and Exhibit 99.1 is furnished, not 'filed,' and therefore not subject to certain liabilities under Section 18 of the Exchange Act, nor is it automatically incorporated by reference into other filings unless explicitly stated - Information in Item 2.02 and Exhibit 99.1 is not deemed **'filed'** for purposes of Section 18 of the Securities Exchange Act of 1934[5](index=5&type=chunk) - Information is not subject to the **liabilities of Section 18** of the Exchange Act[5](index=5&type=chunk) - Information is not deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by **specific reference**[5](index=5&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section provides a comprehensive list of all exhibits accompanying the Form 8-K filing [List of Exhibits](index=2&type=section&id=List%20of%20Exhibits) This section lists the exhibits accompanying the Form 8-K filing, which include the press release detailing financial results and the interactive data file for the cover page Exhibits Filed | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release, dated October 10, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Signature](index=3&type=section&id=Signature) This section formally concludes the Form 8-K filing with authorization and signatory details [Authorization and Signatory Details](index=3&type=section&id=Authorization%20and%20Signatory%20Details) This section formally concludes the Form 8-K filing, confirming that the report has been duly signed on behalf of New Horizon Aircraft Ltd. by its Chief Executive Officer, E. Brandon Robinson, on October 10, 2025 - The report was signed pursuant to the requirements of the **Securities Exchange Act of 1934**[8](index=8&type=chunk) - Registrant: **NEW HORIZON AIRCRAFT LTD.**[9](index=9&type=chunk) - Date: **October 10, 2025**[10](index=10&type=chunk) - Signatory: **E. Brandon Robinson, Chief Executive Officer**[10](index=10&type=chunk)
Pono Capital Three(PTHR) - 2025 Q4 - Annual Report
2025-08-22 11:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41607 NEW HORIZON AIRCRAFT LTD. (Exact name of registrant as specified in its charter) British Columbia, Canada 98-1786743 (State or other ...
Pono Capital Three(PTHR) - 2023 Q4 - Annual Report
2024-03-28 21:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-41607 NEW HORIZON AIRCRAFT LTD. Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mar ...
Pono Capital Three(PTHR) - 2023 Q3 - Quarterly Report
2023-11-15 23:26
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41607 PONO CAPITAL THREE, INC. (Exact name of registrant as specified in its charter) | Cayman Islands | N/A | | --- | --- | | ...
Pono Capital Three(PTHR) - 2023 Q2 - Quarterly Report
2023-08-10 20:59
Financial Performance - For the three months ended June 30, 2023, the company reported a net income of $1,117,174, driven by interest income of $1,412,991 from investments held in the Trust Account, after accounting for formation and operating costs of $295,817[108]. - For the six months ended June 30, 2023, the company achieved a net income of $1,616,588, with total interest income of $2,042,674 and formation and operating costs of $426,086[109]. - Net income per share is calculated by dividing net income by the weighted average number of ordinary shares outstanding for the period[131]. - The diluted income per share calculation does not consider the effect of warrants issued during the Initial Public Offering[131]. Cash Flow - The company had net cash used in operating activities of $552,959 for the six months ended June 30, 2023, primarily due to changes in working capital[110]. - The company reported net cash provided by financing activities of $118,622,783 for the six months ended June 30, 2023, mainly from the sale of Placement Units and Units, net of offering costs[113]. Initial Public Offering - The Initial Public Offering generated gross proceeds of $115,000,000 from the sale of 11,500,000 units, including 1,500,000 units from the underwriter's over-allotment option[115]. - As of June 30, 2023, the company placed $117,875,000 in a trust account from the net proceeds of the Initial Public Offering and the sale of Placement Units[118]. Business Combination and Going Concern - The company has until February 14, 2024, to complete a Business Combination, or it will face mandatory liquidation[121]. - The company incurred significant costs in pursuit of financing and acquisition plans, raising doubts about its ability to continue as a going concern if a Business Combination is not completed[121]. Financial Position - The company had no off-balance sheet arrangements as of June 30, 2023[122]. - The company has no outstanding borrowings under the Promissory Note as of June 30, 2023, after repaying the $300,000 loan prior to the Initial Public Offering[125]. Risk Management - As of June 30, 2023, the company was not subject to any market or interest rate risk[133]. - Proceeds from the Initial Public Offering have been invested in U.S. government treasury bills, notes, or bonds with a maturity of 185 days or less[133]. - The company believes there will be no material exposure to interest rate risk due to the short-term nature of its investments[133]. Accounting Standards - Management does not anticipate that recently issued accounting standards will materially affect the company's financial statements[132].
Pono Capital Three(PTHR) - 2023 Q1 - Quarterly Report
2023-05-15 20:04
☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41607 PONO CAPITAL THREE, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of incorporation or organizatio ...
Pono Capital Three(PTHR) - 2022 Q4 - Annual Report
2023-03-30 01:15
Financial Performance - The company reported a net loss of $8,687 for the period from March 11, 2022, through December 31, 2022, which consisted entirely of formation and operating costs [146]. - Net cash used in operating activities was $10,059, attributed to the net loss and prepaid expenses [148]. Financing Activities - The company generated net cash of $98,336 from financing activities, primarily from a promissory note of $300,000 and the issuance of Class B ordinary shares for $25,000, offset by offering costs of $226,664 [149]. - The Initial Public Offering (IPO) on February 14, 2023, raised gross proceeds of $115,000,000 from the sale of 11,500,000 units, including 1,500,000 units from the underwriter's over-allotment option [150]. - An additional $5,653,750 was raised from the sale of 565,375 Placement Units at $10.00 each in a private placement [151]. Trust Account and Business Combination - Following the IPO, $117,875,000 was placed in a trust account, with a net amount of $10.25 per unit [152]. - The company plans to use funds in the trust account to complete its initial business combination and may withdraw interest to pay taxes [153]. - The company has until February 14, 2024, to complete a business combination, or it will face mandatory liquidation [156]. Future Financing Needs - The company does not anticipate needing additional funds post-offering to meet operational expenditures, but may require additional financing for the business combination [154]. - As of December 31, 2022, the company had no off-balance sheet arrangements [157].