Security
Pono Capital Three Inc. Unit · PTHRU
PTHRUNASDAQUnitHistorical · closed Jan 12, 2024CIK 1930021Updated Oct 12, 2026
Name history
Pono Capital Three, Inc. · through Jan 16, 2024
Current security for this SEC filerHOVR · NASDAQ
PTHRU price & chart
Historical security
This listing closed Jan 12, 2024. Live provider charts are shown only for current listings.
Current security: HOVR
About the company
Horizon Aircraft (NASDAQ:HOVR) is an advanced aerospace company that is developing one of the world’s first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft’s unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional aircraft operators, emergency service providers, and military customers.
In the news
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Recent filings
Financials
FY 2026 · CADSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsCAD | 83,796,000Source | 8,412,000Source | 4,944,000Source | 122,083,192Source |
| Property, Plant and Equipment, NetCAD | 878,000Source | 209,000Source | 205,000Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueCAD | 78,279,000Source | — | 1,816,000Source | 16,138Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentCAD | 798,000Source | 96,000Source | — | — |
| Assets, CurrentCAD | 82,846,000Source | 8,173,000Source | 4,664,000Source | 121,771Source |
| Operating Lease, Right-of-Use AssetCAD | 72,000Source | 30,000Source | 75,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesCAD | 12,686,000Source | 5,822,000Source | 22,877,000Source | 7,086,158Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedCAD | 6,277,000Source | 6,277,000Source | — | — |
| Common Stock, Value, IssuedCAD | — | — | 74,406,000Source | — |
| Additional Paid in CapitalCAD | -59,293,000Source | -78,766,000Source | — | — |
| Retained Earnings (Accumulated Deficit)CAD | -42,579,000Source | -9,483,000Source | -14,683,000Source | -6,864,948Source |
| Stockholders' Equity Attributable to ParentCAD | 71,110,000Source | 2,590,000Source | -17,933,000Source | -6,864,387Source |
| Additional Paid in Capital, Common StockCAD | — | — | -77,656,000Source | — |
| Liabilities and EquityCAD | 83,796,000Source | 8,412,000Source | 4,944,000Source | 122,083,192Source |
| Current liabilities: | ||||
| Liabilities, CurrentCAD | 3,640,000Source | 1,326,000Source | 1,333,000Source | 986,158Source |
| Operating Lease, Liability, CurrentCAD | 51,000Source | 22,000Source | 44,000Source | — |
| Accounts Payable, CurrentCAD | 2,771,000Source | 679,000Source | 715,000Source | 685,018Source |
| Operating Lease, Liability, NoncurrentCAD | 21,000Source | 8,000Source | 30,000Source | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentCAD | 818,000Source | 625,000Source | 574,000Source | 46,140Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseCAD | 7,159,000Source | 1,492,000Source | 66,000Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableCAD | 702,000Source | -321,000Source | 402,000Source | — |
| Increase (Decrease) in Accounts PayableCAD | 2,092,000Source | -36,000Source | 184,000Source | 685,018Source |
| Net Cash Provided by (Used in) Operating ActivitiesCAD | -16,492,000Source | -9,312,000Source | -3,308,000Source | -2,124,922Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesCAD | -967,000Source | -142,000Source | -209,000Source | -116,745,000Source |
| Payments to Acquire Property, Plant, and EquipmentCAD | 967,000Source | 142,000Source | 209,000Source | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesCAD | 88,191,000Source | 15,185,000Source | 5,105,000Source | 118,797,783Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCAD | 78,279,000Source | 7,547,000Source | 1,816,000Source | 16,138Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesCAD | — | 1,000Source | 23,000Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseCAD | 1,276,000Source | 253,000Source | 66,000Source | — |
| DepreciationCAD | 298,000Source | 138,000Source | 56,000Source | — |
| Derivative, Gain (Loss) on Derivative, NetCAD | — | -740,000Source | — | — |
| Equipment ExpenseCAD | — | — | 20,000Source | — |
| General and Administrative ExpenseCAD | 10,224,000Source | 9,925,000Source | 3,744,000Source | — |
| Income Tax Expense (Benefit)USD | — | — | — | 1,095,448Source |
| Investment Income, InterestCAD | 671,000Source | — | — | 5,216,421Source |
| Net Income (Loss) Attributable to ParentCAD | -33,096,000Source | 5,200,000Source | -8,160,000Source | 8,614,602Source |
| Nonoperating Income (Expense)CAD | -9,628,000Source | 18,785,000Source | -3,536,000Source | 11,376,421Source |
| Operating Costs and ExpensesUSD | — | — | — | 1,666,371Source |
| Operating ExpensesCAD | 23,468,000Source | 13,585,000Source | 4,624,000Source | — |
| Other Nonoperating Income (Expense)CAD | 503,000Source | -10,000Source | 575,000Source | — |
| Proceeds from Issuance of Common StockCAD | — | 2,082,000Source | — | — |
| Proceeds from Stock Options ExercisedCAD | 28,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Operating Income (Loss)CAD | -23,468,000Source | -13,585,000Source | -4,624,000Source | -1,666,371Source |
| Other Nonoperating Income (Expense)CAD | 503,000Source | -10,000Source | 575,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestCAD | -33,096,000Source | 5,200,000Source | -8,160,000Source | 9,710,050Source |
| Income Tax Expense (Benefit)USD | — | — | — | 1,095,448Source |
| Net Income (Loss) Attributable to ParentCAD | -33,096,000Source | 5,200,000Source | -8,160,000Source | 8,614,602Source |
| Earnings Per Share, BasicCAD/shares | -0.77Source | 0.2Source | -0.76Source | — |
| Earnings Per Share, DilutedCAD/shares | -0.77Source | 0.17Source | -0.76Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 43,046,980Source | 25,844,200Source | 10,717,378Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 43,046,980Source | 30,760,145Source | 10,717,378Source | — |
| Additional Financial Items | ||||
| Depreciation, Depletion and Amortization, NonproductionCAD | 298,000Source | 138,000Source | 56,000Source | — |
| Equipment ExpenseCAD | — | — | 20,000Source | — |
| General and Administrative ExpenseCAD | 10,224,000Source | 9,925,000Source | 3,744,000Source | — |
| Interest Expense, DebtCAD | — | — | 143,000Source | — |
| Interest Income (Expense), Nonoperating, NetCAD | — | 123,000Source | -163,000Source | — |
| Investment Income, InterestCAD | 671,000Source | — | — | 5,216,421Source |
| Nonoperating Income (Expense)CAD | -9,628,000Source | 18,785,000Source | -3,536,000Source | 11,376,421Source |
| Operating Costs and ExpensesUSD | — | — | — | 1,666,371Source |
| Operating ExpensesCAD | 23,468,000Source | 13,585,000Source | 4,624,000Source | — |
| Research and Development ExpenseCAD | 13,244,000Source | 3,660,000Source | 880,000Source | — |
| Selling ExpenseUSD | — | — | — | 250,000Source |
Offerings
Registration 333-298631
Filing attachments
ea030812901ex99-1.htm · 8-K · 2026-10-09
Exhibit 99.1 Horizon Aircraft Reports Fiscal 2027 First Quarter Results and Advances Full-Scale Cavorite X7 Development TORONTO, October 9, 2026 - New Horizon Aircraft Ltd. (“Horizon Aircraft” or the “Company”) (NASDAQ: HOVR), a Canadian aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today reported its financial and operational results for the first quarter of fiscal 2027 ended August 31, 2026. Recent Highlights: Strong liquidi…
Read attachment ↗ea030461001ex99-1.htm · 8-K · 2026-09-04
EX-99.1 2 ea030461001ex99-1.htm PRESS RELEASE, DATED SEPTEMBER 4, 2026 Exhibit 99.1 Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair Company to benefit from Hearne’s 30 years of technology leadership, capital markets, and financial oversight experience as it advances the Cavorite X7 program TORONTO, September 4, 2026 - New Horizon Aircraft Ltd. (“Horizon Aircraft” or the “Company”) (Nasdaq: HOVR), an advanced aerospace company developing one o…
Read attachment ↗ea030294001ex4-9.htm · S-3 · 2026-08-28
Exhibit 4.9 NEW HORIZON AIRCRAFT LTD. INDENTURE Dated as of __________, 20__ as Trustee TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE 1 Section 1.1. Definitions 1 Section 1.2. …
Read attachment ↗ea029810101ex99-1.htm · 8-K · 2026-07-16
EX-99.1 2 ea029810101ex99-1.htm PRESS RELEASE, DATED JULY 16, 2026 Exhibit 99.1 Horizon Aircraft Reports Fiscal 2026 Fourth Quarter Results, Strengthens Balance Sheet to $78.3 Million, and Advances Full-Scale Cavorite X7 Development TORONTO, July 16, 2026 - New Horizon Aircraft Ltd. (“Horizon Aircraft” or the “Company”) (NASDAQ: HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today reported its financial and ope…
Read attachment ↗ea029526001ex4-6.htm · 10-K · 2026-07-16
Exhibit 4.6 DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 The following summary of the registered securities of New Horizon Aircraft Ltd. (“Horizon”) is not intended to be a complete summary of the rights and preferences of such securities, and is qualified by reference to Horizon’s articles (the “Articles”), a copy of which is filed as an exhibit to the Annual Report on Form 10-K (the “Annual Report”) of which this Exhibi…
Read attachment ↗ea029240801ex99-1.htm · 8-K · 2026-05-28
EX-99.1 2 ea029240801ex99-1.htm PRESS RELEASE, DATED MAY 27, 2026 Exhibit 99.1 New Horizon Aircraft Ltd. Announces Closing of $25 Million Offering of Common Shares Toronto, Canada, May 27, 2026 - New Horizon Aircraft Ltd. (“Horizon Aircraft” or the “Company”) (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced the closing of its previously announced registered direct offering pursuant to a d…
Read attachment ↗