Horizon Aircraft (Pono Capital Three) ^{Priced, Nasdaq: HOVR}

We are a newly organized blank check company. We believe that there are many target companies that could become attractive public companies and we will seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. Japan is home to some well-known companies, particularly in the area of consumer electronics. In recent years, more than half of Japanese companies have net cash versus 10-20% in western developed markets – and the ability of businesses to increase dividends and share buybacks, which could see greater value ascribed to shares. Japanese stocks are therefore becoming interesting for investors seeking a secure and growing dividend income, and ideally some growth on top. The dividend yield exceeds that of the US market, but on average Japanese businesses are only paying out a third of profits as dividends, so there is significant room for pay-outs to grow. While we may pursue an initial business combination target in any industry or geographic region, we will seek to capitalize on the operational and investment experience of our management team and focus on disruptive technology companies that we believe have significant growth prospects and the potential to generate attractive returns for our shareholders.