Welcome to our dedicated page for New Horizon Aircraft SEC filings (Ticker: HOVRW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
New Horizon Aircraft Ltd. filings document material events, operating results, financing activity, and the security structure of an aerospace company developing the Cavorite X7 hybrid-electric VTOL aircraft. The company’s Nasdaq-listed securities include Class A ordinary shares and warrants, with each whole warrant exercisable for one Class A ordinary share at the stated exercise price.
Recent 8-K disclosures cover Regulation FD releases, quarterly financial and operating results, Nasdaq compliance matters, registered direct offerings, shelf registration activity, and at-the-market sales arrangements. The filings also identify the company as a British Columbia issuer and emerging growth company, and they describe capital-structure changes, use-of-proceeds language for aircraft development, material agreements, and other corporate governance disclosures.
New Horizon Aircraft Ltd. is raising approximately $25.0 million in a registered direct offering of 5,385,646 Class A ordinary shares and pre-funded warrants for 4,574,514 additional Common Shares. The securities are priced at $2.51 per share, with pre-funded warrants priced $0.001 below that and exercisable at $0.001 per share.
The company plans to use the net proceeds to fully fund completion of its Cavorite X7 prototype and move the hybrid-electric eVTOL program toward testing, certification and commercial production. Titan Partners Group is acting as sole placement agent and will receive a 7% cash fee plus equity-based compensation.
New Horizon Aircraft Ltd. is raising approximately $25.0 million in a registered direct offering of 5,385,646 Class A ordinary shares and pre-funded warrants for 4,574,514 additional Common Shares. The securities are priced at $2.51 per share, with pre-funded warrants priced $0.001 below that and exercisable at $0.001 per share.
The company plans to use the net proceeds to fully fund completion of its Cavorite X7 prototype and move the hybrid-electric eVTOL program toward testing, certification and commercial production. Titan Partners Group is acting as sole placement agent and will receive a 7% cash fee plus equity-based compensation.
New Horizon Aircraft Ltd. is conducting a registered direct offering of 5,385,646 Common Shares, pre-funded warrants to purchase up to 4,574,514 Common Shares and placement agent warrants to purchase up to 298,805 Common Shares in a transaction led by Titan Partners.
The prospectus supplement states the company expects net proceeds of approximately $23.1 million USD, intends to use the funds to complete the Cavorite X7 prototype and advance testing, certification and commercial production, and anticipates closing delivery on or about May 27, 2026.
New Horizon Aircraft Ltd. is conducting a registered direct offering of 5,385,646 Common Shares, pre-funded warrants to purchase up to 4,574,514 Common Shares and placement agent warrants to purchase up to 298,805 Common Shares in a transaction led by Titan Partners.
The prospectus supplement states the company expects net proceeds of approximately $23.1 million USD, intends to use the funds to complete the Cavorite X7 prototype and advance testing, certification and commercial production, and anticipates closing delivery on or about May 27, 2026.
New Horizon Aircraft Ltd. is amending its prior prospectus supplements to reduce the maximum aggregate amount of Class A ordinary shares available for sale under its Capital on Demand™ Sales Agreement with JonesTrading Institutional Services LLC from $50,000,000 to $28,000,000. The supplement states that $6,567,156 remains available for sale from and after the supplement date. The company’s Common Shares trade on Nasdaq under the symbol HOVR, with a reported last sale price of $3.14 on May 22, 2026. This supplement amends and supersedes portions of the prior prospectus supplements and is conditioned on the terms set forth in the Sales Agreement.
New Horizon Aircraft Ltd. is amending its prior prospectus supplements to reduce the maximum aggregate amount of Class A ordinary shares available for sale under its Capital on Demand™ Sales Agreement with JonesTrading Institutional Services LLC from $50,000,000 to $28,000,000. The supplement states that $6,567,156 remains available for sale from and after the supplement date. The company’s Common Shares trade on Nasdaq under the symbol HOVR, with a reported last sale price of $3.14 on May 22, 2026. This supplement amends and supersedes portions of the prior prospectus supplements and is conditioned on the terms set forth in the Sales Agreement.
New Horizon Aircraft Ltd. closed a registered direct offering of 9,254,889 Class A Ordinary Shares, generating gross proceeds of approximately $20 million.
The company plans to use the net proceeds to fund and accelerate development and buildout of its Cavorite X7 hybrid-electric VTOL aircraft program, and for working capital and general corporate purposes. The transaction was conducted under an effective Form S-3 shelf registration, with Titan Partners acting as sole placement agent.
New Horizon Aircraft Ltd. closed a registered direct offering of 9,254,889 Class A Ordinary Shares, generating gross proceeds of approximately $20 million.
The company plans to use the net proceeds to fund and accelerate development and buildout of its Cavorite X7 hybrid-electric VTOL aircraft program, and for working capital and general corporate purposes. The transaction was conducted under an effective Form S-3 shelf registration, with Titan Partners acting as sole placement agent.
New Horizon Aircraft Ltd. entered into Securities Purchase Agreements for a registered direct offering of 9,254,889 Class A ordinary shares at $2.15 per share, for approximately $19.9 million in gross proceeds. The company plans to use the net proceeds to fund and accelerate development and buildout of its Cavorite X7 hybrid-electric VTOL aircraft program, and for working capital and general corporate purposes. Closing is expected on or about May 8, 2026, subject to customary conditions. Titan Partners Group is acting as sole placement agent and will receive cash fees and five-year warrants, while the company agreed to a 45-day restriction on most new equity issuances or related registrations.
New Horizon Aircraft Ltd. entered into Securities Purchase Agreements for a registered direct offering of 9,254,889 Class A ordinary shares at $2.15 per share, for approximately $19.9 million in gross proceeds. The company plans to use the net proceeds to fund and accelerate development and buildout of its Cavorite X7 hybrid-electric VTOL aircraft program, and for working capital and general corporate purposes. Closing is expected on or about May 8, 2026, subject to customary conditions. Titan Partners Group is acting as sole placement agent and will receive cash fees and five-year warrants, while the company agreed to a 45-day restriction on most new equity issuances or related registrations.
New Horizon Aircraft Ltd. is conducting a registered direct offering of 9,254,889 Class A ordinary shares at $2.15 per share and will issue 277,647 Placement Agent Warrants exercisable at $2.4725 for five years. Net proceeds are expected to be approximately $18.5 million USD, with settlement targeted on or about May 8, 2026. The company intends to use proceeds to fund and accelerate development and buildout of the Cavorite X7 aircraft program and for general corporate and working capital purposes.
New Horizon Aircraft Ltd. is conducting a registered direct offering of 9,254,889 Class A ordinary shares at $2.15 per share and will issue 277,647 Placement Agent Warrants exercisable at $2.4725 for five years. Net proceeds are expected to be approximately $18.5 million USD, with settlement targeted on or about May 8, 2026. The company intends to use proceeds to fund and accelerate development and buildout of the Cavorite X7 aircraft program and for general corporate and working capital purposes.
New Horizon Aircraft Ltd. Schedule 13G/A amendment reports that William George Brumder II may be deemed to beneficially own 732,819 Class A Ordinary Shares, including 461,788 Ordinary Shares underlying exchange-traded warrants. The filing cites 45,263,348 Ordinary Shares outstanding as of April 14, 2026, which produces a beneficial ownership stake of approximately 1.6%.
New Horizon Aircraft Ltd. Schedule 13G/A amendment reports that William George Brumder II may be deemed to beneficially own 732,819 Class A Ordinary Shares, including 461,788 Ordinary Shares underlying exchange-traded warrants. The filing cites 45,263,348 Ordinary Shares outstanding as of April 14, 2026, which produces a beneficial ownership stake of approximately 1.6%.
New Horizon Aircraft Ltd. reported financial and operational results for its third quarter of fiscal 2026, covering the period ended February 28, 2026, and issued an accompanying press release.
The company highlighted a key milestone as its Cavorite X7 hybrid-electric VTOL aircraft moved from the design phase into manufacturing, with management stating they are tracking to complete a full-scale prototype by the end of 2026. New Horizon also scheduled a conference call on April 14, 2026, at 8:30 a.m. Eastern Time to review results and provide a broader business update.
New Horizon Aircraft Ltd. reported financial and operational results for its third quarter of fiscal 2026, covering the period ended February 28, 2026, and issued an accompanying press release.
The company highlighted a key milestone as its Cavorite X7 hybrid-electric VTOL aircraft moved from the design phase into manufacturing, with management stating they are tracking to complete a full-scale prototype by the end of 2026. New Horizon also scheduled a conference call on April 14, 2026, at 8:30 a.m. Eastern Time to review results and provide a broader business update.
New Horizon Aircraft Ltd. reported a much larger loss as it ramps up development of its hybrid‑electric eVTOL aircraft. For the nine months ended February 28, 2026, net loss was C$26.5 million, compared with net income of C$11.8 million a year earlier, driven mainly by higher research and development spending of C$9.6 million and general and administrative costs of C$9.0 million.
Cash and cash equivalents rose to C$19.7 million, helped by C$21.4 million of equity raised under a sales agreement and C$3.3 million from warrant exercises. Management believes this cash funds the current plan for at least 12 months but discloses substantial doubt about the ability to continue as a going concern beyond that without new capital. The company remains pre‑revenue and is building a full‑scale demonstrator targeted to begin flight testing in 2027.
New Horizon Aircraft Ltd. reported a much larger loss as it ramps up development of its hybrid‑electric eVTOL aircraft. For the nine months ended February 28, 2026, net loss was C$26.5 million, compared with net income of C$11.8 million a year earlier, driven mainly by higher research and development spending of C$9.6 million and general and administrative costs of C$9.0 million.
Cash and cash equivalents rose to C$19.7 million, helped by C$21.4 million of equity raised under a sales agreement and C$3.3 million from warrant exercises. Management believes this cash funds the current plan for at least 12 months but discloses substantial doubt about the ability to continue as a going concern beyond that without new capital. The company remains pre‑revenue and is building a full‑scale demonstrator targeted to begin flight testing in 2027.
New Horizon Aircraft Ltd. reported that officer Lee Stewart Murray, Head of People and Strategy, acquired 250,000 performance share units (PSUs) on February 10, 2026 at a price of $0 per unit. Each PSU represents a contingent right to receive one Class A ordinary share.
Half of the PSUs vest based on market capitalization, with vesting tied to reaching up to a US$250,000,000 target market cap. The other half vest only if the company’s Nasdaq-listed shares achieve a higher total return than the Russell Microcap Index over any two-year period between the grant date and the PSUs’ December 15, 2029 expiry. Murray holds 250,000 derivative securities directly after this grant.
New Horizon Aircraft Ltd. reported that officer Lee Stewart Murray, Head of People and Strategy, acquired 250,000 performance share units (PSUs) on February 10, 2026 at a price of $0 per unit. Each PSU represents a contingent right to receive one Class A ordinary share.
Half of the PSUs vest based on market capitalization, with vesting tied to reaching up to a US$250,000,000 target market cap. The other half vest only if the company’s Nasdaq-listed shares achieve a higher total return than the Russell Microcap Index over any two-year period between the grant date and the PSUs’ December 15, 2029 expiry. Murray holds 250,000 derivative securities directly after this grant.