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Robinson Eric Brian – ‘3’ for 1/12/24 re: New Horizon Aircraft Ltd.

On:  Tuesday, 3/5/24, at 10:03am ET   ·   For:  1/12/24   ·   As:  10% Owner and Other   ·   Accession #:  912282-24-223   ·   File #:  1-41607

Previous ‘3’:  ‘3’ on 12/1/21 for 11/11/21   ·   Latest ‘3’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/05/24  Robinson Eric Brian               3          %Own.,Oth.  1:6K   New Horizon Aircraft Ltd.         Dorsey & Whitney LLP/FA

Initial Statement of Beneficial Ownership of Securities by an Insider   —   Form 3   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 3           Initial Statement of Beneficial Ownership of        HTML      7K 
                Securities by an Insider -- form3.xml/2.6


        

This ‘3’ Document is an XML Data File that may be rendered in various formats:

  Form 3    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Initial Statement of Beneficial Ownership of Securities by an Insider
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<ownershipDocument>
<schemaVersion> X0206 </schemaVersion>
<documentType> 3 </documentType>
<periodOfReport> 2024-01-12 </periodOfReport>
<noSecuritiesOwned> 0 </noSecuritiesOwned>
<issuer>
<issuerCik> 0001930021 </issuerCik>
<issuerName> New Horizon Aircraft Ltd. </issuerName>
<issuerTradingSymbol> HOVR </issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001896116 </rptOwnerCik>
<rptOwnerName> Robinson Eric Brian </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O NEW HORIZON AIRCRAFT, LTD. </rptOwnerStreet1>
<rptOwnerStreet2> 3187 HIGHWAY 35 </rptOwnerStreet2>
<rptOwnerCity> LINDSAY </rptOwnerCity>
<rptOwnerState> A6 </rptOwnerState>
<rptOwnerZipCode> K9V 4R1 </rptOwnerZipCode>
<rptOwnerStateDescription> ONTARIO, CANADA </rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isTenPercentOwner> true </isTenPercentOwner>
<isOther> true </isOther>
<otherText> SEE REMARKS </otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeHolding>
<securityTitle>
<value> Class A Ordinary Shares </value>
</securityTitle>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 23187 </value>
<footnoteId id="F1"/>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeHolding>
<nonDerivativeHolding>
<securityTitle>
<value> Class A Ordinary Shares </value>
</securityTitle>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 2317510 </value>
<footnoteId id="F2"/>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> I </value>
</directOrIndirectOwnership>
<natureOfOwnership>
<value> Held by Robinson Family Ventures Inc. </value>
<footnoteId id="F3"/>
</natureOfOwnership>
</ownershipNature>
</nonDerivativeHolding>
</nonDerivativeTable>
<derivativeTable>
<derivativeHolding>
<securityTitle>
<value> Employee Stock Option (Right to Buy) </value>
</securityTitle>
<conversionOrExercisePrice>
<value> 0.6797 </value>
<footnoteId id="F5"/>
</conversionOrExercisePrice>
<exerciseDate>
<value> 2024-01-12 </value>
<footnoteId id="F4"/>
</exerciseDate>
<expirationDate>
<value> 2027-08-02 </value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value> Class A Ordinary Shares </value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value> 143213 </value>
<footnoteId id="F4"/>
</underlyingSecurityShares>
</underlyingSecurity>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeHolding>
</derivativeTable>
<footnotes>
<footnote id="F1"> Received in exchange for 27,467 shares of Robinson Aircraft ltd. d/b/a Horizon Air ("Horizon" in connection with the January 12, 2024 amalgamation (the "Amalgamation") of Horizon and Pono Capital Three, Inc. to form New Horizon Aircraft, Ltd. </footnote>
<footnote id="F2"> Received in exchange for 2,745,326 shares of Horizon in connection with the Amalgamation. </footnote>
<footnote id="F3"> The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. </footnote>
<footnote id="F4"> Received in the Amalgamation in exchange for an existing option to acquire 138,600 shares of Horizon for C$0.76 per share. The options were originally issued on August 2, 2022, with a three-year vesting period (33% vesting annually). </footnote>
<footnote id="F5"> Converted from Canadian exercise price of C$0.91 using an exchange rate of C$1.3387 = US$1.00. </footnote>
</footnotes>
<remarks> The Reporting Person was originally included as a named executive officer of the Issuer as of the January 12, 2024 Amalgamation closing date; however, on January 13, 2024, the position was determined not constitute a Section 16 officer position. </remarks>
<ownerSignature>
<signatureName> /s/ Eric Brian Robinson </signatureName>
<signatureDate> 2024-03-05 </signatureDate>
</ownerSignature>
</ownershipDocument>


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Filing Submission 0000912282-24-000223   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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