 |
MZ Group handled Horizon Aircraft, which is developing one of the world’s first hybrid electric vertical takeover and landing aircraft, as it completed the merger with Pono Capital Three SPAC on Jan. 12.
Horizon will begin trading on the NASDAQ on Jan. 16.
CEO Brandon Robinson said the evolution to a publicly traded company will “serve as a catalyst to accelerate our growth by providing the resources to continue the development and testing of our practical, real world use hybrid eVTOl, the Cavorite X7.”
The Cavorite X7 prototype takes off vertically but once airborne its wing system reverts to the configuration of a conventional plane.
It seats six passengers, flies up to 500 miles, has a top speed of 280 mph, and has 30 percent lower emissions than a conventional aircraft.
MZ Group Shannon Devine and Rory Rumore represent Horizon.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Have a comment? Send it to 
No comments have been submitted for this story yet.