Key facts
- This page summarizes Mehana Capital LLC's Form 4 filing for New Horizon Aircraft Ltd. (HOVR).
- 5 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 18 Sep 2024, 21:15.
Mehana Capital LLC - 12 Jan 2024 Form 4 Insider Report for New Horizon Aircraft Ltd. (HOVR)
- Reporting relationship
- Former 10% Owner
- Issuer ticker
- HOVR
- Reported as of
- 12 Jan 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 18 Sep 2024, 21:15:10 UTC
- Prior SEC filing
- 09 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mehana Capital LLC, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Mehana Capital LLC filed Form 4 for New Horizon Aircraft Ltd. (HOVR) on 18 Sep 2024.
Change
- Previous filing in this sequence was filed on 09 Feb 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
HOVR
transaction
Class A Ordinary Shares without par value
Other
- Transaction value
- $0
- Shares
- -2,769,497
- Change %
- -49%
- Price
- $0.000000
- Shares after
- 2,831,500
- Date
- 19 Jul 2024
- Ownership
- Direct
- Footnotes
- F1
HOVR
transaction
Class A Ordinary Shares without par value
Other
- Transaction value
- $0
- Shares
- -240,000
- Change %
- -8.5%
- Price
- $0.000000
- Shares after
- 2,591,500
- Date
- 31 Jul 2024
- Ownership
- Direct
- Footnotes
- F2
HOVR
transaction
Class A Ordinary Shares without par value
Other
- Transaction value
- Shares
- -1,365,375
- Change %
- -53%
- Price
- Shares after
- 1,226,125
- Date
- 09 Sep 2024
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
HOVR
transaction
Derivative
Private Placement Warrants
Other
- Transaction value
- Shares
- +565,375
- Change %
- Price
- Shares after
- 565,375
- Date
- 12 Jan 2024
- Ownership
- Direct
- Underlying class
- Class A Ordinary Shares without par value
- Underlying amount
- 565,375
- Exercise price
- $11.50
- Footnotes
- F4
HOVR
transaction
Derivative
Private Placement Warrants
Other
- Transaction value
- Shares
- -565,375
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 Jul 2024
- Ownership
- Direct
- Underlying class
- Class A Ordinary Shares without par value
- Underlying amount
- 565,375
- Exercise price
- $11.50
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Mehana Capital LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
On July 19, 2024, Mehana Capital LLC ("Mehana") effected a pro rata distribution of Class A ordinary shares to its members.
Footnote F2
On July 31, 2024, Mehana effected a pro rata distribution of Class A ordinary shares to its members.
Footnote 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.
Footnote 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.
Footnote F5
On July 19, 2024, Mehana distributed the Private Placement Warrants to one of its members.