SCHEDULE: Significant Stake Disclosure: William George Brumder II Reports 8.6% Ownership in New Horizon Aircraft Ltd.
Beneficial Ownership Disclosure
William George Brumder II has disclosed a beneficial ownership of 8.6% in New Horizon Aircraft Ltd.'s Class A Ordinary Shares, including shares underlying warrants.
Summary
- William George Brumder II beneficially owns 2,750,000 Class A Ordinary Shares of New Horizon Aircraft Ltd., representing approximately 8.6% of the class.
- This ownership includes 461,788 Class A Ordinary Shares underlying exchange-traded warrants.
- The warrants are exercisable at a price of $11.50 per Ordinary Share and first became exercisable 30 days after January 16, 2024.
- The warrants are set to expire at 5:00 p.m. EDT on January 12, 2029, or earlier upon redemption or liquidation, subject to certain conditions.
- The percentage of ownership is calculated based on 31,846,935 Ordinary Shares outstanding, which includes 31,385,147 shares reported outstanding as of April 14, 2025, plus the 461,788 shares underlying Mr. Brumder's warrants.
Sentiment
Score: 6
Explanation: The filing is a factual disclosure of a significant beneficial ownership stake, which can be viewed as a neutral to slightly positive signal regarding investor confidence, but does not contain operational or financial performance data.
Positives
- Disclosure of a significant beneficial ownership stake by an individual, representing 8.6% of the Class A Ordinary Shares, which may signal investor confidence.
Negatives
- None explicitly stated regarding company performance or operations.
Risks
- Warrants held by Mr. Brumder are exercisable at $11.50 per share and expire on January 12, 2029, or earlier upon redemption or liquidation, subject to certain conditions, which represents a risk to the warrant holder's investment if the share price does not exceed the exercise price.
Future Outlook
The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the company's future operations or financial performance.
Industry Context
This filing is a standard disclosure of a significant individual ownership stake in a publicly traded company, which provides transparency to the market regarding the company's shareholder base. It does not provide information on broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant individual shareholder's stake, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| January 16, 2024 | Consummation of the combination between New Horizon Aircraft Ltd. and Pono Capital Three, Inc. |
| February 15, 2024 | Approximate date when warrants first became exercisable (30 days after the combination). |
| April 14, 2025 | Date of New Horizon Aircraft Ltd.'s Quarterly Report on Form 10-Q, disclosing 31,385,147 Ordinary Shares outstanding. |
| June 13, 2025 | Date of event which required the filing of this Schedule 13G statement. |
| July 2, 2025 | Date of filing of this Schedule 13G statement. |
| January 12, 2029 | Expiration date of the exchange-traded warrants held by Mr. Brumder. |
Keywords
New Horizon Aircraft Ltd., Class A Ordinary Shares, Beneficial Ownership, Schedule 13G, SEC Filing, William George Brumder II, Warrants, Equity Stake, Investor Disclosure
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