Horizon Aircraft to go public via SPAC merger with Pono Capital Three for $96m.

Horizon Aircraft, an electric Vertical TakeOff and Landing (eVTOL) aircraft developer, agreed to go public via SPAC merger with Pono Capital Three, a special purpose acquisition company. Financial terms were not disclosed. “Horizon Aircraft’s hybrid electric eVTOL flies 98% of its mission exactly like a normal aircraft and can recharge itself during flight or after its mission. In addition to obvious performance and safety benefits, this should also simplify the certification process. Ultimately this aircraft will help to redefine the way people and goods are moved at the regional scale, and we are excited to be part of building a better future with Horizon Aircraft,” Davin Kazama, Pono CEO.