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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.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
