Welcome to our dedicated page for Pono Capital Three news (Ticker: PTHRW), a resource for investors and traders seeking the latest updates and insights on Pono Capital Three stock.
Pono Capital Three, Inc. (PTHRW) is a special purpose acquisition company advancing urban air mobility through its proposed merger with Horizon Aircraft. This page provides official updates on the SPAC transaction, regulatory developments, and Horizon's electric vertical takeoff/landing (eVTOL) technology progress.
Investors and industry observers will find verified information including SEC filings, merger documentation, and operational updates. Content focuses on strategic milestones, partnership announcements, and aviation regulatory compliance matters essential for understanding this emerging transportation sector.
All materials are sourced from official company communications and regulatory disclosures. Bookmark this page for ongoing access to merger-related press releases, investor relations updates, and analysis of Horizon Aircraft's Cavorite X7 prototype development.
Pono Capital Three announced the closing of its initial public offering (IPO) of 10 million units at $10.00 per unit, effective February 14, 2023. This includes 1.5 million units from the underwriters' over-allotment option. The units began trading on Nasdaq under the ticker PTHRU on February 10, 2023. Each unit comprises one Class A ordinary share and one redeemable warrant, the latter allowing purchase at $11.50 per share. The Company focuses on potential acquisitions in the disruptive technology sector, particularly in Asia, emphasizing Japan.
Pono Capital Three, Inc. has priced its initial public offering (IPO) of 10,000,000 units at $10.00 per unit, set to list on Nasdaq under the ticker symbol PTHRU on February 10, 2023. Each unit includes one Class A ordinary share and one redeemable warrant, allowing the purchase of an additional share at $11.50. The IPO is expected to close on February 14, 2023. EF Hutton is the sole book-running manager and has a 45-day option for an additional 1,500,000 units to cover over-allotments. The firm aims to merge with target companies, focusing on the disruptive technology sector, particularly in Asia.
