Form 4 for HOVR New Horizon Aircraft Ltd.
Accepted 2024-09-18 00:00:00 ET · period of report 2024-01-12 · accession 0001474506-24-000214 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-09-18 | 2024-07-19+ | HOVR | Mehana Capital LLC | Former 10% Owner | J - Other | $0.00 | -4.37M | 2.59M | -63% | $0 |
| DM | 2024-09-18 | 2024-01-12+ | HOVR | Mehana Capital LLC | Former 10% Owner | J - Other | — | 0 | 565.4K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Ordinary Shares without par value | 2024-07-19 | J | D | 2,769,497 | $0.00 | 2,831,500 | D | — | — | (F1) On July 19, 2024, Mehana Capital LLC ("Mehana") effected a pro rata distribution of Class A ordinary shares to its members. |
| 2 | Common | Class A Ordinary Shares without par value | 2024-09-09 | J | D | 1,365,375 | — | 1,226,125 | D | — | — | (F3) On September 9, 2024, Mehana transferred the reported securities to certain of its members (the "Members") in connection with share and transfer agreements entered into by Mehana and the Members, releasing Mehana from all obligations and liability arising from the Members' ownership of and relationship with Mehana. |
| 3 | Common | Class A Ordinary Shares without par value | 2024-07-31 | J | D | 240,000 | $0.00 | 2,591,500 | D | — | — | (F2) On July 31, 2024, Mehana effected a pro rata distribution of Class A ordinary shares to its members. |
| 4 | Derivative | Private Placement Warrants | 2024-07-19 | J | D | 565,375 | — | 0 | D | $11.50 · 2024-02-12 to 2029-01-12 | 565,375 Class A Ordinary Shares without par value | (F5) On July 19, 2024, Mehana distributed the Private Placement Warrants to one of its members. |
| 5 | Derivative | Private Placement Warrants | 2024-01-12 | J | A | 565,375 | — | 565,375 | D | $11.50 · 2024-02-12 to 2029-01-12 | 565,375 Class A Ordinary Shares without par value | (F4) On January 12, 2024, the Issuer completed its initial business combination (the "Closing"), and in connection therewith, the private placement warrants issued to Mehana in connection with the Issuer's initial public offering as part of the private placement units (the "Private Placement Warrants") became exercisable 30 days following the Closing. |