Pono Capital Three, Inc. announced that it has entered into a subscription agreement to issue 200,000 Class A ordinary shares at an issue price of $10 per share for the gross proceeds of $2,000,000 on December 27, 2023. The closing of the sale of the subscription shares pursuant to the subscription agreement is contingent upon, among other customary closing conditions, the substantially concurrent consummation of the Business Combination. The transaction will include participation from new investor Horizon Aircraft, Inc.