Welcome to our dedicated page for New Horizon Aircraft news (Ticker: HOVR), a resource for investors and traders seeking the latest updates and insights on New Horizon Aircraft stock.
New Horizon Aircraft Ltd. reports company developments tied to its work as an advanced aerospace company developing a hybrid-electric vertical takeoff and landing aircraft for regional air mobility. News commonly centers on the Cavorite X7 program, including engineering progress, prototype and full-scale aircraft development, projected operating characteristics, and the company’s intended markets among regional operators, emergency service providers, and military customers.
Coverage also includes financial and operating results, management presentations, industry-event participation, collaborations supporting aircraft development, and capital actions used to fund the Cavorite X7 program and general corporate purposes.
New Horizon Aircraft (NASDAQ:HOVR) closed a registered direct offering of 9,960,160 Class A Ordinary Shares (or equivalents), generating approximately $25 million in gross proceeds. The company plans to use net proceeds to fully fund completion of its Cavorite X7 prototype and advance testing, certification and commercial production.
New Horizon Aircraft (NASDAQ:HOVR) entered a definitive agreement with institutional investors to sell 9,960,160 Class A Ordinary Shares (or equivalents), targeting approximately $25 million in gross proceeds. Closing is expected on or about May 27, 2026, subject to customary conditions.
According to Horizon Aircraft, net proceeds will be used to fully fund completion of the Cavorite X7 hybrid-electric VTOL prototype and advance it toward testing, certification and commercial production.
Horizon Aircraft (NASDAQ:HOVR) announced progress on the dual-use certification path for its hybrid-electric VTOL aircraft, the Cavorite X7, through its partnership with Flight Centre of Excellence, operating as Cert Center Canada (3C).
3C, Canada’s only independent flight test and certification DAO approved by Transport Canada, has helped integrate both military and civilian certification requirements into the aircraft’s initial design. This dual-use focus aligns with Canada’s Defence Industrial Strategy, which prioritizes procurement of Canadian aircraft and technologies for national security and sovereignty.
New Horizon Aircraft (NASDAQ:HOVR) closed a registered direct offering of 9,254,889 Class A ordinary shares, raising approximately $20 million in gross proceeds. According to Horizon Aircraft, net proceeds will fund and accelerate development of the Cavorite X7 hybrid-electric VTOL program and support working capital and general corporate purposes.
New Horizon Aircraft (NASDAQ:HOVR) priced an offering of 9,254,889 Class A common shares to raise approximately $20 million gross. Closing is expected on or about May 8, 2026, subject to customary closing conditions. Net proceeds will fund the Cavorite X7 program, working capital, and general corporate purposes. Titan Partners is sole placement agent. The offering is made under an effective Form S-3 registration statement.
Horizon Aircraft (NASDAQ:HOVR) announced management will participate in multiple investor and industry events from April 29 through June 10, 2026. Events include eVTOL Insights North America (Apr 29–May 1), Trickle Research Microcap (May 4), Alberta Aerospace Summit (May 4–5), Sidoti Micro Cap (May 20–21), CANSEC (May 27–28), Jefferies Virtual Summit (Jun 8) and Jones Aerospace Evolution (Jun 10). Management will present, join panels, offer 1x1 meetings, and make webcasts/replays available where noted.
Horizon Aircraft (NASDAQ:HOVR) reported Q3 fiscal 2026 results and provided a business update on April 14, 2026. The company has $20 million in cash, expects this to fund planned development through fiscal 2027, and is progressing full-scale assembly of the hybrid-electric Cavorite X7 with flight testing planned for early 2027.
Horizon announced manufacturing partnerships with RAMPF Composite Solutions and North Aircraft Industries, collaboration with MHIRJ (Mitsubishi Heavy Industries subsidiary), and an independent evaluation estimating operating cost of US$0.97 per available seat mile.
Horizon Aircraft (NASDAQ:HOVR) announced a strategic engineering collaboration with MHI RJ Aviation Group (MHIRJ) to advance development of the hybrid-electric VTOL Cavorite X7.
MHIRJ will supply specialist engineering services, including flight test instrumentation design to enable critical data collection for a flight test program expected to begin in early 2027, and provide regional aviation expertise aimed at reducing technical risk as the program moves toward flight testing and certification.
Horizon Aircraft (NASDAQ:HOVR) will release fiscal third quarter 2026 results on April 14, 2026 before market open and host a webcasted earnings call at 8:30 am ET the same day.
Investors can access the call by phone (North America 888-506-0062; International 973-528-0011; Access Code 835351) or via the live webcast on Horizon Aircraft's investor relations site. Questions for management are invited by April 9, 2026 via ir@horizonaircraft.com; submitting investors will be added to the IR mailing list. A call archive will be available shortly after the event.
Horizon Aircraft (NASDAQ:HOVR) says its hybrid-electric VTOL, the Cavorite X7, is forecast to deliver up to 75% lower operating cost per available seat mile versus conventional helicopters, with a validated projected cost of US$0.97 per ASM. The X7 combines a hybrid turboprop cruise mode, patented fan-in-wing design, higher cruise speed (targeting 450 km/h), payload up to 680 kg, IFR and FIKI certification targets, and lower mechanical complexity to support higher utilization and year-round operations.