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 (SPAC) focused on merging with Horizon Aircraft, a Canadian advanced urban air mobility technology company. Pono aims to bring Horizon's innovative electric vertical takeoff and landing (eVTOL) aircraft to market, revolutionizing urban transportation. With a team of experienced professionals and strong legal support, Pono is committed to driving sustainable and efficient air travel solutions.
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.
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