New Horizon Aircraft boosts share program to $50,000,000

Q: How much capacity remains available to sell after the update?

The remaining capacity is $35,124,537 from and after October 31, 2025.

Q: Who is the sales agent under the Capital on Demand agreement?

The agreement is with JonesTrading Institutional Services LLC.

Q: What documents did HOVR file alongside this change?

A prospectus supplement and a legal opinion (Exhibit 5.1), with the related consent included in Exhibit 5.1.

Q: Which securities are covered for sale under the agreement?

The company’s Class A ordinary shares, without par value.

Q: Where are HOVR’s securities listed?

Nasdaq: HOVR (Class A ordinary shares) and HOVRW (warrants).

New Horizon Aircraft Ltd. (HOVR) increased its equity distribution capacity.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

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Form Type

8-K

Rhea-AI Filing Summary

New Horizon Aircraft Ltd. (HOVR) increased its equity distribution capacity. On October 31, 2025, the company raised the maximum aggregate offering price of its Class A ordinary shares issuable under its Capital on Demand Sales Agreement with JonesTrading Institutional Services LLC to up to $50,000,000, including shares previously sold. From and after this date, the remaining capacity under the program is $35,124,537.

The company filed a prospectus supplement in connection with the increase and provided a legal opinion covering the shares as Exhibit 5.1. This update provides flexibility to sell additional common shares over time pursuant to the existing agreement with JonesTrading.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did New Horizon Aircraft (HOVR) change in this filing?

It increased the maximum aggregate offering price under its Capital on Demand Sales Agreement to $50,000,000, including prior sales.

How much capacity remains available to sell after the update?

The remaining capacity is $35,124,537 from and after October 31, 2025.

Who is the sales agent under the Capital on Demand agreement?

The agreement is with JonesTrading Institutional Services LLC.

What documents did HOVR file alongside this change?

A prospectus supplement and a legal opinion (Exhibit 5.1), with the related consent included in Exhibit 5.1.

Which securities are covered for sale under the agreement?

The company’s Class A ordinary shares, without par value.

Where are HOVR’s securities listed?

Nasdaq: HOVR (Class A ordinary shares) and HOVRW (warrants).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/31/2025 - 04:06 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 31, 2025

NEW HORIZON AIRCRAFT LTD.

(Exact name of registrant as specified in its charter)

British Columbia		001-41607		98-1786743
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3187 Highway 35, Lindsay, Ontario		K9V 4R1
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (613) 866-1935

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Class A Ordinary Share, no par value	HOVR	The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share	HOVRW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On October 31, 2025, New Horizon Aircraft Ltd. (the “Company”) increased the maximum aggregate offering price of the Class A ordinary shares, without par value (the “Common Shares”), issuable under its Capital on Demand™ Sales Agreement (the “Sales Agreement”) with JonesTrading Institutional Services LLC, dated February 14, 2025, to up to $50,000,000 of Common Shares, including the Common Shares previously sold pursuant to the Sales Agreement, or $35,124,537 of Common Shares from and after the date hereof, and filed a prospectus supplement (the “Current Prospectus Supplement”) in connection therewith. A copy of the legal opinion as to the legality of the Common Shares issuable under the Sales Agreement and covered by the Current Prospectus Supplement is filed as Exhibit 5.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are being filed herewith:

Exhibit No.		Description
5.1		Opinion of Gowling WLG (Canada) LLP
23.1		Consent of Gowling WLG (Canada) LLP (included in Exhibit 5.1)
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	NEW HORIZON AIRCRAFT LTD.

Date: October 31, 2025	By:	/s/ E. Brandon Robinson
	Name:	E. Brandon Robinson
	Title:	Chief Executive Officer

Source: View Original Filing on SEC EDGAR