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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.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
