NEW YORK — Nelson Mullins Riley & Scarborough LLP represented Pono Capital Three, Inc., a Cayman Islands special purpose acquisition corporation (SPAC), in the closing of an approximately $99 million business combination with Robinson Aircraft Ltd., d/b/a Horizon Aircraft. The combined company’s common shares and warrants began trading on the Nasdaq capital market on January 16, 2024, under the ticker “HOVR” and “HOVRW”, respectively.

The firm’s deal team includes partners Peter Strand and Andy Tucker, and associates Kaylen Loflin and Kathryn Simons, with assistance from Wells Hall and Tim Wagner (tax), Colleen Kline (anti-trust), Michelle Johnson (employment), and Alex Reilly.

Horizon Aircraft is an advanced aerospace engineering company that is developing one of the world’s first hybrid eVTOL that will be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range, and operational utility. Horizon’s unique designs put the mission first and prioritize safety, performance, and utility. Horizon hopes to successfully complete testing and certification of its Cavorite X7 eVTOL quickly and then enter the market and service a broad spectrum of early use cases.

Established in 1897, Nelson Mullins is an Am Law 100 firm of more than 1,000 attorneys, policy advisors and professionals with 33 offices in 17 states and Washington, D.C. For more information, go to www.nelsonmullins.com.