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.
Dustin Shindo filed Amendment No. 3 to his Schedule 13D on New Horizon Aircraft Ltd., reporting beneficial ownership of 2,656,000 Class A Ordinary Shares, or 4.1% of the class. This includes 120,000 Class A Ordinary Shares issuable upon exercise of private placement warrants at an exercise price of $11.50 per share.
In recent trading, he sold 14,918 Class A Ordinary Shares on the Nasdaq Capital Market at a weighted average price of $3.19 per share, 201,920 warrants at a weighted average price of $0.52 per warrant, and 243,455 warrants at a weighted average price of $0.49 per warrant. Based on increases in outstanding Class A Ordinary Shares, he states he ceased to be the beneficial owner of more than five percent of the class no later than May 26, 2026.
Dustin Shindo filed Amendment No. 3 to his Schedule 13D on New Horizon Aircraft Ltd., reporting beneficial ownership of 2,656,000 Class A Ordinary Shares, or 4.1% of the class. This includes 120,000 Class A Ordinary Shares issuable upon exercise of private placement warrants at an exercise price of $11.50 per share.
In recent trading, he sold 14,918 Class A Ordinary Shares on the Nasdaq Capital Market at a weighted average price of $3.19 per share, 201,920 warrants at a weighted average price of $0.52 per warrant, and 243,455 warrants at a weighted average price of $0.49 per warrant. Based on increases in outstanding Class A Ordinary Shares, he states he ceased to be the beneficial owner of more than five percent of the class no later than May 26, 2026.
New Horizon Aircraft Ltd. closed a registered direct offering of 9,960,160 Class A Ordinary Shares, raising approximately $25 million in gross proceeds. The company plans to use the net proceeds to fully fund completion of its Cavorite X7 hybrid-electric VTOL prototype and move the program toward testing, certification and commercial production.
The offering was made to institutional investors under an effective shelf registration statement on Form S-3 and was placed by Titan Partners as sole placement agent. These steps provide additional capital to support New Horizon Aircraft’s development and certification plans for its Cavorite X7 aircraft platform.
New Horizon Aircraft Ltd. closed a registered direct offering of 9,960,160 Class A Ordinary Shares, raising approximately $25 million in gross proceeds. The company plans to use the net proceeds to fully fund completion of its Cavorite X7 hybrid-electric VTOL prototype and move the program toward testing, certification and commercial production.
The offering was made to institutional investors under an effective shelf registration statement on Form S-3 and was placed by Titan Partners as sole placement agent. These steps provide additional capital to support New Horizon Aircraft’s development and certification plans for its Cavorite X7 aircraft platform.
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.