Robinson Aircraft, operating under the trade name Horizon Aircraft, a company specialising in hybrid-electric vertical take-off and Landing (eVTOL) aircraft, and Pono Capital Three, a special purpose acquisition company, have successfully finalised their previously announced business combination. Starting on Tuesday, January 16, 2024, the merged entity will operate under the name New Horizon Aircraft (Horizon Aircraft), with its common shares and warrants trading on the Nasdaq Stock Exchange under the symbols “HOVR” and “HOVRW,” respectively.
The leadership team, led by Brandon Robinson, Founder, Chief Executive Officer and Chairman of the Board of Horizon Aircraft, will remain unchanged. This team includes Jason O’Neill, Chief Operating Officer, Brian Robinson, Chief Engineer and Brian Merker, Chief Financial Officer.
Brandon Robinson, Chief Executive Officer of Horizon Aircraft, expressed his pride and honour in reaching this significant milestone as Horizon Aircraft transitions into a publicly traded company. This development is expected to serve as a catalyst for the company’s growth, enabling the continuation of the development and testing of their hybrid eVTOL aircraft, the Cavorite X7, designed for real-world use. Robinson expressed gratitude to the Pono team for their ongoing collaboration, support, and unwavering commitment throughout the entire transaction process.
