New Horizon Aircraft Stock Price, News & Analysis

Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL aircraft, has announced that it has regained compliance with Nasdaq Capital Market's minimum bid price requirement under Listing Rule 5550(a)(2). The company, which specializes in advanced aerospace engineering and is developing one of the world's first hybrid electric Vertical Take-Off and Landing aircraft, has successfully resolved its listing compliance issues with Nasdaq.

Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL aircraft, has announced a strategic partnership with renowned mobility designer Andrea Mocellin to enhance the design of their Cavorite X7 hybrid-electric aircraft.

Mocellin, who brings extensive experience from companies like Lilium, Alfa Romeo, Maserati, and NIO, will focus on refining the aircraft's exterior form, proportions, and key design elements. The collaboration aims to integrate functionality with aesthetics while optimizing aerodynamics and user experience. The Cavorite X7's interior will be designed to support multiple configurations without compromising comfort.

Horizon Aircraft (NASDAQ: HOVR) has formed a strategic partnership with MT-Propeller to supply propellers for its hybrid eVTOL aircraft, the Cavorite X7. This marks Horizon's first major hardware commitment for full-scale production. MT-Propeller will provide cutting-edge composite propeller technology designed to maximize speed, efficiency, and noise reduction. The partnership is particularly significant for Horizon's hybrid-electric aircraft, which uniquely combines vertical takeoff capabilities with conventional runway operations. The collaboration represents a crucial step toward certification and production readiness, with MT-Propeller's low-noise design specifically suited for urban operations. The agreement aims to enhance performance and sustainability in the emerging eVTOL market while advancing Horizon's goals in transforming regional air mobility.

Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, has announced its participation in the upcoming Jefferies eVTOL/AAM Summit on May 28, 2025. The event will be held virtually, with management scheduled to present at 10am ET. The presentation will be available via live webcast, with a 30-day replay period on the company's website. Company management will also be available for one-on-one meetings during the conference.

Horizon Aircraft (NASDAQ: HOVR) has achieved a significant milestone with its Cavorite X7 eVTOL aircraft, becoming the first to accomplish a stable transition using fan-in-wing design. The company's patented technology combines modern electric motors and batteries to create a simplified and safer eVTOL system. The hybrid electric aircraft is projected to reach speeds of up to 250 mph and cover operational ranges exceeding 500 miles with fuel reserves.

Unlike competitors using complicated multi-copter rotating nacelles or heavy tilt-wing mechanisms, Horizon's design features multiple redundancy layers and a simpler transition mechanism. The company is currently constructing a full-scale, piloted technical demonstrator to further validate their approach.

Horizon Aircraft (NASDAQ: HOVR) has appointed Justin Chapman as Senior Technical Advisor to support the development of their Cavorite X7 hybrid-eVTOL aircraft. Chapman, a former Rolls-Royce executive who served as Chief of Electronics and Chief of FADEC, brings extensive expertise in electric propulsion and energy systems for aviation. His role will focus on advancing aircraft systems, including electronics, batteries, and electric propulsion.

Chapman will work closely with CTO Tom Brassington to enhance and de-risk the development of the Cavorite X7, which is designed as a practical, safety-focused hybrid eVTOL platform. His appointment strengthens Horizon's technical development capabilities as they progress toward producing a full-size demonstrator aircraft.

Horizon Aircraft (NASDAQ: HOVR), developer of pioneering eVTOL technology, has announced its participation in two major investor conferences in April 2025. CEO Brandon Robinson will present at the Planet MicroCap Showcase in Las Vegas (April 23-24) and the Trickle Research Microcap Conference in Denver (April 28).

At the Vegas event, Robinson will deliver an investor presentation on April 23 at 3pm PST, available via webcast. He and CFO Brian Merker will conduct one-on-one investor meetings throughout the conference. At the Denver conference, Robinson will present and participate in Q&A sessions.

Horizon Aircraft, known for developing the world's first eVTOL that operates predominantly like a conventional aircraft during missions, is making these appearances to strengthen investor relations and showcase their innovative aerospace technology.

Horizon Aircraft (NASDAQ: HOVR) has appointed John Wyzykowski, former Head of Propulsion at Lilium, as Technical Expert to support the development of its Cavorite X7 hybrid-electric eVTOL aircraft. The appointment strengthens the company's engineering team with expertise in propulsion system design and optimization.

The Cavorite X7 is designed with an estimated gross weight of 5,500 lbs and a projected useful load of 1,500 lbs. The aircraft aims to achieve a maximum speed of 250 miles per hour and a range exceeding 500 miles with fuel reserves. It features a hybrid electric power system that can recharge its batteries during flight and in under 30 minutes post-landing.

The aircraft is being developed for applications including medical evacuation, critical supply delivery, disaster relief, military missions, and Regional Air Mobility. Notably, it's designed to fly 98% of its mission like a traditional aircraft, which the company believes will enhance safety and ease certification processes.

Horizon Aircraft (NASDAQ: HOVR), a hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft developer, has received confirmation from Nasdaq's Listing Qualifications Department that it has regained compliance with Listing Rule 5550(b) by meeting the Equity Standard requirements. This ensures the company's continued listing on the Nasdaq Capital Market.

Additionally, regarding the Bid Price Rule (Rule 5550(a)(2)), Nasdaq has granted Horizon Aircraft an extended period of 180 calendar days until July 14, 2025, to achieve compliance.