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Smart Investors Daily
PT

NASDAQ · PTHR

Pono Capital Three, Inc.

Financial Services · Shell Companies

$5.72

Up+$0.22 (+4.00%)

Updated Aug 16, 2026, 4:05 AM

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Market cap
126.07M
P/E ratio
28.43
Dividend yield
0.00%
52-week range
— – —
Volume
17.45K
Avg. volume
156.35K

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Overview

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Company profile

Pono Capital Three, Inc. focuses on effecting a merger, share exchange, share purchase, asset acquisition, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the enterprise security and operations applications, cloud-based content and digital streaming services, drone technology and service, artificial intelligence companies, consumer healthcare and wellness, biomedical technology, entertainment/gaming companies, distance learning, online retail, and e-sports companies. The company was incorporated in 2022 and is headquartered in Honolulu, Hawaii.

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GlobeNewswire Inc. · Aug 17, 2023

Horizon Aircraft, an electric Vertical TakeOff and Landing (eVTOL) aircraft developer, announces the signing of a definitive agreement to go public via a business combination with Pono Capital Three, Inc., a Nasdaq listed company. - Updated

Honolulu, Hawaii and Toronto, Canada, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Pono Capital Three, Inc. (NASDAQ: PTHR, PTHRU and PTHRW), a special purpose acquisition company (“Pono”), has announced the execution of a definitive Business Combination Agreement (the “Business Combination Agreement”) with Robinson Aircraft Ltd. (the “Target Company”), a British Columbia company doing business as Horizon Aircraft (“Horizon Aircraft”). Pursuant to the Business Combination Agreement, it is intended that the Target Company will amalgamate with Pono Three Merger Sub, Inc., a wholly owned subsidiary of Pono, with the resulting combined company continuing as a wholly owned subsidiary of Pono. Stockholders of the Target Company will receive shares of common stock of Pono (the “Business Combination”). In connection with the Business Combination, it is expected that the Target Company will change its name to “Horizon Aircraft, Inc.,” and that Pono will redomesticate as a British Columbia company (the “Redomestication”) and change its name to “Horizon Aircraft Holdings Incorporated.”

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