July 19, 2024

Horizon Aircraft CEO to become chairman after SPAC merger


Robinson Aircraft, which does business as Horizon Aircraft, said that Chief Executive Brandon Robinson would become chairman after it goes public.

Horizon, which is developing hybrid-electric vertical take-off aircraft, is set to merge with special-purpose acquisition company Pono Capital Three
to go public.

After the merger, the combined company will have five directors, including three of who will be independent.

The combined company will be renamed Horizon Aircraft Holdings and will trade under the ticker HOVR.

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