Welcome to our dedicated page for New Horizon Aircraft Ltd. SEC filings (Ticker: HOVR), 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.
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New Horizon Aircraft Ltd. granted its CEO and director Eric Brandon Robinson 500,000 performance share units (PSUs) on February 10, 2026. Each PSU represents a contingent right to receive one Class A ordinary share with no exercise price.
The PSUs expire on December 15, 2029 and vest under two performance conditions. Half of the award vests based on the company’s market capitalization relative to a US$250,000,000 target, with step vesting between 80% and 100% of that target. The other half vests only if the company’s shares deliver a higher total return than the Russell Microcap Index over any two-year period from the grant date through the PSU expiry.
New Horizon Aircraft Ltd. director Pinsent John Harold Charles reported an equity grant. On February 10, 2026, he acquired 7,825 Class A Ordinary Shares without par value in a grant, award, or other acquisition at a reported price of $0 per share.
Following this transaction, he directly beneficially owns 64,479 Class A Ordinary Shares of New Horizon Aircraft Ltd.
New Horizon Aircraft Ltd. director Maris John Michael received 7,825 Class A Ordinary Shares on February 10, 2026 as a grant, award, or other acquisition at a reported price of $0 per share. Following this transaction, he directly beneficially owned 64,479 Class A Ordinary Shares.
This filing records an equity award to a board member and updates the director’s current direct share ownership in the company.
New Horizon Aircraft Ltd. director Trisha Nomura reported an equity grant of Class A Ordinary Shares. On February 10, 2026, Nomura acquired 13,482 Class A Ordinary Shares without par value at a stated price of $0 per share as a grant or award.
Following this transaction, Nomura now beneficially owns 161,047 Class A Ordinary Shares in direct ownership form. This filing records an update to her equity stake in New Horizon Aircraft Ltd. and reflects compensation in the form of company shares rather than a market purchase.
Grip Investments Limited filed an amended Schedule 13G reporting its beneficial ownership in New Horizon Aircraft Ltd. It holds 1,613,387 Class A Ordinary Shares, representing 3.6% of the class as of the event date of 01/29/2026.
Grip Investments, organized in Ontario, Canada, reports sole voting and dispositive power over all these shares, with no shared power. It also certifies that the shares were not acquired to change or influence control of New Horizon Aircraft, indicating a passive investment stance.
Canso Investment Counsel Ltd. filed an amended Schedule 13G reporting beneficial ownership of 13,323,128 New Horizon Aircraft Ltd. Class A Ordinary Shares, representing 25.3% of the class. This total includes 4,834,239 shares held directly and 8,488,889 shares issuable upon conversion of Series A Preferred Shares.
Canso has sole voting and dispositive power over these shares, which are held in certain managed accounts that receive dividends and sale proceeds. Canso certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of New Horizon Aircraft.
New Horizon Aircraft Ltd. filed a current report to let investors know it has released financial and operating results for the quarter ended November 30, 2025. The company issued a press release on January 14, 2026 and plans to host an earnings call the same day to discuss these quarterly results and provide a business update.
The press release with the detailed numbers and commentary is attached as Exhibit 99.1 to the report. The company notes that this press release and the related disclosure are being furnished rather than filed, which affects how they are treated under U.S. securities laws.
New Horizon Aircraft Ltd. is a pre-revenue aerospace company developing a hybrid-electric eVTOL aircraft and reported a net loss of 19,553 (in thousands of Canadian dollars) for the six months ended November 30, 2025, compared with net income of 16,753 in the prior-year period, largely due to higher research and development and the absence of prior-period fair value gains.
Cash and cash equivalents increased to 24,304 (in thousands of Canadian dollars) from 7,547 as the company raised 19,092 through its at-the-market Sales Agreement and 3,282 from warrant exercises in the six-month period. Research and development spending rose to 5,327 from 724, reflecting hiring and full-scale prototype work, while general and administrative expenses were 5,700 versus 5,255.
Management states it has sufficient cash for at least 12 months but notes substantial doubt about meeting the going concern assumption beyond that without additional capital. The company successfully secured participation in Canada’s INSAT program for a 10,500 project (with up to 40% reimbursement) and remains in a research and flight-testing phase, targeting a full-scale demonstrator by 2027. Management also discloses a material weakness in internal control over financial reporting related to separation of financial responsibilities and is working toward remediation.
New Horizon Aircraft Ltd. (HOVR) reported results of its 2025 annual shareholder meeting. Shareholders approved the New Horizon Aircraft Ltd. Employee Stock Purchase Plan (ESPP), which lets eligible employees buy Class A ordinary shares through payroll contributions that are matched by the company, up to a set percentage of base salary, with shares acquired via open-market purchases.
On the record date, there were 43,355,189 Common Shares issued and outstanding, and 23,407,298 votes, or about 53.99% of eligible votes, were represented, forming a quorum. Two Class II directors, John Maris and Jameel Janjua, were elected, and shareholders ratified the appointment of MNP LLP as auditor and independent registered public accounting firm for the fiscal year ending May 31, 2026. The company also noted it issued a press release on November 26, 2025.
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.