Welcome to our dedicated page for New Horizon Aircraft Ltd. 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.
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New Horizon Aircraft Ltd. (HOVR) reported a planned Board transition, with Class I director and Audit Committee Chair Trisha Nomura resigning for personal reasons, effective upon the appointment of her successor, and confirming her departure is not due to any disagreement regarding operations, policies, or practices.
On September 4, 2026, the Board appointed Thomas (Tom) Hearne as a Class I director to fill the vacancy and named him Chair of the Audit Committee and a member of the Compensation and Nominating and Corporate Governance Committees, with a term running until the 2027 annual meeting of shareholders. The Board determined that Hearne is independent under SEC, Nasdaq, and Canadian rules, and that he qualifies as an “audit committee financial expert”. Hearne, a Chartered Professional Accountant with more than 30 years of senior technology and capital markets experience, will receive the same compensation arrangements as other non-employee directors.
New Horizon Aircraft Ltd. (HOVR) has filed a prospectus supplement for an at-the-market offering of up to $50,000,000 of its Class A common shares under a Capital on Demand Sales Agreement with JonesTrading Institutional Services LLC. JonesTrading will act as sales agent or principal and may receive up to 3.0% of gross proceeds as commission.
The company’s common shares trade on Nasdaq under “HOVR,” with a last reported price of $1.81 on August 27, 2026, and had 67,123,941 shares outstanding as of that date. Proceeds, if any, are intended for aircraft development and general corporate and working-capital purposes. The filing highlights significant potential dilution from existing options, warrants, preferred shares and equity incentive plans, and it discloses substantial doubt about the company’s ability to continue as a going concern beyond 12 months without additional capital.
New Horizon Aircraft Ltd. (HOVR) has filed a shelf registration that allows it to offer and sell, from time to time, up to $200,000,000 of Common Shares, preferred shares, debt securities, warrants, rights and units. Specific terms for each issuance will be detailed in future prospectus supplements.
The filing includes a separate sales agreement prospectus for up to $50,000,000 of securities to be sold under a Sales Agreement with Jones; any unsold portion under that agreement may instead be offered under the base prospectus. Net proceeds are expected to be used for aircraft development, personnel, and general corporate and working capital purposes.
HOVR’s Common Shares and Public Warrants trade on Nasdaq under “HOVR” and “HOVRW.” On August 27, 2026, the Common Shares closed at $1.81 and the Public Warrants at $0.37, with each Public Warrant exercisable for one Common Share at $11.50. New Horizon is an emerging growth company and a smaller reporting company, which permits reduced disclosure requirements. The company is developing its hybrid-electric Cavorite X7 eVTOL aircraft for the regional air mobility market.
New Horizon Aircraft Ltd. has a significant shareholder group led by Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh, reporting beneficial ownership of 4,148,433 Class A Ordinary Shares as of 30 June 2026. This represents 6.72% of the company’s Class A Ordinary Shares, based on 61,762,932 shares outstanding referenced from a May 27, 2026 Form 424B5.
The position consists of 1,987,536 shares of common stock and 2,160,897 shares issuable upon exercise of pre-funded warrants, all held through Alyeska Master Fund, L.P. Voting and investment power over these securities is shared, with no sole voting or dispositive power reported. Alyeska Investment Group, L.P. exercises voting and investment control over the fund’s holdings; Anand Parekh may be deemed a beneficial owner due to his role but disclaims beneficial ownership. The filing is made as a joint statement under Rule 13d-1(k).
Canso Investment Counsel Ltd., a portfolio manager based in Ontario, Canada, reported beneficial ownership of 13,323,128 Class A Ordinary Shares of New Horizon Aircraft Ltd. This represents 17.7% of the class, filed on a Schedule 13G/A (Amendment No. 5).
The position includes 4,834,239 Class A Ordinary Shares held directly and 8,488,889 Class A Ordinary Shares issuable upon conversion of the issuer’s Series A Preferred Shares held by Canso. Canso has sole voting and dispositive power over all reported shares, with no shared voting or dispositive power. The securities are owned of record by certain managed accounts of Canso, which have rights to dividends and sale proceeds.
New Horizon Aircraft Ltd. reported that director Janjua Jameel acquired 14,145 Class A Ordinary Shares on 2026-08-04. The transaction is coded as a grant, award, or other acquisition at a reported price of $0.0000 per share, resulting in direct ownership of 14,145 shares.
Maris John Michael reported acquisition or exercise transactions in this Form 4 filing.
New Horizon Aircraft Ltd. director Maris John Michael received a grant of 7,388 Class A Ordinary Shares without par value on August 4, 2026, at 0.0000 per share. After this award, he directly holds 71,867 Class A Ordinary Shares. The transaction was not made under a Rule 10b5-1 trading plan.
Pinsent John Harold Charles reported acquisition or exercise transactions in this Form 4 filing.
New Horizon Aircraft Ltd. director Pinsent John Harold Charles received a grant of 9,614 Class A Ordinary Shares without par value on August 4, 2026, at a stated price of 0.0000 per share. Following this award, he directly holds 74,093 shares. The transaction was not marked as pursuant to a Rule 10b5-1 trading plan.
New Horizon Aircraft Ltd. director Nomura Trisha reported a grant or award acquisition of 15,210 Class A Ordinary Shares without par value on 2026-08-04 at a stated price of 0.0000 per share. Following this acquisition, she directly holds 176,257 Class A Ordinary Shares. The filing indicates the transaction was not effected under a Rule 10b5-1 trading plan.