4//SEC Filing
Shindo Dustin M 4
Accession 0001474506-24-000215
CIK 0001930021other
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 8:07 AM ET
Size
35.0 KB
Accession
0001474506-24-000215
Insider Transaction Report
Form 4
Shindo Dustin M
Other
Transactions
- Other
Class A Ordinary Shares without par value
2024-07-19−2,769,497→ 2,831,500 total(indirect: By LLC) - Other
Class A Ordinary Shares without par value
2024-09-09−1,365,375→ 1,226,125 total(indirect: By LLC) - Other
Class A Ordinary Shares without par value
2024-07-19+1,158,267→ 1,158,267 total - Other
Private Placement Warrants
2024-07-19−565,375→ 0 total(indirect: By LLC)Exercise: $11.50From: 2024-02-12Exp: 2029-01-12→ Class A Ordinary Shares without par value (565,375 underlying) - Sale
Class A Ordinary Shares without par value
2024-09-16$0.77/sh−10,000$7,700→ 1,644,563 total - Sale
Class A Ordinary Shares without par value
2024-09-18$0.82/sh−102,000$83,640→ 1,537,563 total - Conversion
Class A Ordinary Shares without par value
2024-01-12+5,600,997→ 5,600,997 total(indirect: By LLC) - Other
Class A Ordinary Shares without par value
2024-07-31−240,000→ 2,591,500 total(indirect: By LLC) - Sale
Class A Ordinary Shares without par value
2024-09-13$0.76/sh−48,079$36,540→ 1,654,563 total - Sale
Class A Ordinary Shares without par value
2024-09-17$0.80/sh−5,000$4,000→ 1,639,563 total - Conversion
Class B Ordinary Shares
2024-01-12−4,935,622→ 0 total(indirect: By LLC)→ Class A Ordinary Shares without par value (4,935,622 underlying) - Other
Class A Ordinary Shares without par value
2024-09-09+565,375→ 1,723,642 total - Other
Private Placement Warrants
2024-01-12+565,375→ 565,375 total(indirect: By LLC)Exercise: $11.50From: 2024-02-12Exp: 2029-01-12→ Class A Ordinary Shares without par value (565,375 underlying) - Sale
Class A Ordinary Shares without par value
2024-09-12$0.76/sh−21,000$15,960→ 1,702,642 total - Other
Private Placement Warrants
2024-07-19+565,375→ 565,375 totalExercise: $11.50From: 2024-02-12Exp: 2029-01-12→ Class A Ordinary Shares without par value (565,375 underlying)
Footnotes (11)
- [F1]On January 12, 2024, pursuant to that certain Business Combination Agreement, dated as of August 12, 2022 (the "Business Combination Agreement"), entered into by and among Pono Capital Three, Inc. (the "Company"), Pono Three Merger Acquisitions Corp., a British Columbia company and wholly-owned subsidiary of the Company ("Merger Sub") and Robinson Aircraft Ltd., d/b/a Horizon Aircraft ("Horizon"), the Company continued and de-registered from the Cayman Islands and redomesticate as a British Columbia company (the "SPAC Continuance") and Merger Sub amalgamated (the "Amalgamation," together with the other transactions contemplated by the Business Combination Agreement, the "Business Combination") with Horizon (the resulting company, "Amalco"), with Amalco being the wholly-owned subsidiary of the Company. Upon completion of the Amalgamation, the Company changed its name to "New Horizon Aircraft Ltd."
- [F10]On January 12, 2024, the Company completed its initial business combination (the "Closing"), and in connection therewith, the private placement warrants issued to Mehana in connection with the Company's initial public offering as part of the private placement units (the "Private Placement Warrants") became exercisable 30 days following the Closing.
- [F11]On July 19, 2024, Mehana distributed the Private Placement Warrants to the Reporting Person, one of its members.
- [F2]Reflects 5,500,997 Issuer Class A ordinary shares without par value received for Company ordinary shares held immediately prior to the closing of the Business Combination pursuant to the terms of the Business Combination Agreement. Includes 565,375 Class A ordinary shares issued in connection with the Company's initial public offering as part of the private placement units.
- [F3]As previously disclosed, on January 3, 2024, the Company entered into a certain subscription agreement (the "Subscription Agreement") with a certain investor pursuant to which such investor agreed to purchase, immediately prior to the closing of the Business Combination, the Company's Class A ordinary shares (such shares, collectively, "Subscription Shares") in an aggregate value of $2,000,000, representing 200,000 Subscription Shares at a price of $10.00 per share.
- [F4]As an inducement to enter into the Subscription Agreement, and upon the consummation of the Business Combination, Mehana Capital LLC ("Mehana") received an aggregate of 100,000 incentive shares.
- [F5]Mehana is the record holder of the reported securities. Dustin Shindo is the control person of Mehana, and possesses all voting power and dispositive control. By virtue of this relationship, Dustin Shindo may be deemed to share beneficial ownership of the securities held of record by Mehana. Dustin Shindo disclaims any such beneficial ownership except to the extent of his respective pecuniary interest.
- [F6]On July 19, 2024, Mehana effected a pro rata distribution of Class A ordinary shares to its members (the "July 19 Distribution").
- [F7]The Reporting Person acquired 1,158,267 Class A ordinary shares in connection with the July 19 Distribution.
- [F8]On July 31, 2024, Mehana effected a pro rata distribution of Class A ordinary shares to its members.
- [F9]On September 9, 2024, Mehana transferred the reported securities to certain of its members (the "Members") in connection with share and transfer agreements entered into by Mehana and the Members, releasing Mehana from all obligations and liability arising from the Members' ownership of and relationship with Mehana.
Documents
Issuer
New Horizon Aircraft Ltd.
CIK 0001930021
Entity typeother
Related Parties
1- filerCIK 0001321269
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 8:07 AM ET
- Size
- 35.0 KB