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Pono Capital Three, Inc. - $PTHRW STOCK NEWS

Welcome to our dedicated page for Pono Capital Three news (Ticker: $PTHRW), a resource for investors and traders seeking the latest updates and insights on Pono Capital Three stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pono Capital Three's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Pono Capital Three, Inc. has announced a definitive Business Combination Agreement with Robinson Aircraft Ltd., with the resulting combined company continuing as a wholly owned subsidiary of Pono. Stockholders of the Target Company will receive shares of common stock of Pono. The transaction values Horizon Aircraft at $96 million, resulting in a combined pro forma equity value of approximately $216 million before expenses. The closing of the Business Combination is expected to occur in Q4 2023 or Q1 2024.
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Rhea-AI Summary
Pono Capital Three, Inc. has announced a definitive Business Combination Agreement with Robinson Aircraft Ltd., intending to amalgamate and form a wholly owned subsidiary of Pono. The Target Company will receive shares of common stock of Pono. The Business Combination aims to expand Horizon Aircraft's business in eVTOL aircraft technology.
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Pono Capital Three, Inc.

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