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.
New Horizon Aircraft Ltd. reported a much larger loss as it ramps up development of its hybrid‑electric eVTOL aircraft. For the nine months ended February 28, 2026, net loss was C$26.5 million, compared with net income of C$11.8 million a year earlier, driven mainly by higher research and development spending of C$9.6 million and general and administrative costs of C$9.0 million.
Cash and cash equivalents rose to C$19.7 million, helped by C$21.4 million of equity raised under a sales agreement and C$3.3 million from warrant exercises. Management believes this cash funds the current plan for at least 12 months but discloses substantial doubt about the ability to continue as a going concern beyond that without new capital. The company remains pre‑revenue and is building a full‑scale demonstrator targeted to begin flight testing in 2027.
New Horizon Aircraft Ltd. reported a much larger loss as it ramps up development of its hybrid‑electric eVTOL aircraft. For the nine months ended February 28, 2026, net loss was C$26.5 million, compared with net income of C$11.8 million a year earlier, driven mainly by higher research and development spending of C$9.6 million and general and administrative costs of C$9.0 million.
Cash and cash equivalents rose to C$19.7 million, helped by C$21.4 million of equity raised under a sales agreement and C$3.3 million from warrant exercises. Management believes this cash funds the current plan for at least 12 months but discloses substantial doubt about the ability to continue as a going concern beyond that without new capital. The company remains pre‑revenue and is building a full‑scale demonstrator targeted to begin flight testing in 2027.
New Horizon Aircraft Ltd. reported that officer Lee Stewart Murray, Head of People and Strategy, acquired 250,000 performance share units (PSUs) on February 10, 2026 at a price of $0 per unit. Each PSU represents a contingent right to receive one Class A ordinary share.
Half of the PSUs vest based on market capitalization, with vesting tied to reaching up to a US$250,000,000 target market cap. The other half vest only if the company’s Nasdaq-listed shares achieve a higher total return than the Russell Microcap Index over any two-year period between the grant date and the PSUs’ December 15, 2029 expiry. Murray holds 250,000 derivative securities directly after this grant.
New Horizon Aircraft Ltd. reported that officer Lee Stewart Murray, Head of People and Strategy, acquired 250,000 performance share units (PSUs) on February 10, 2026 at a price of $0 per unit. Each PSU represents a contingent right to receive one Class A ordinary share.
Half of the PSUs vest based on market capitalization, with vesting tied to reaching up to a US$250,000,000 target market cap. The other half vest only if the company’s Nasdaq-listed shares achieve a higher total return than the Russell Microcap Index over any two-year period between the grant date and the PSUs’ December 15, 2029 expiry. Murray holds 250,000 derivative securities directly after this grant.
New Horizon Aircraft Ltd. reported that Chief Operating Officer Jason Michael O'Neill received a grant of 250,000 performance share units (PSUs) on February 10, 2026. Each PSU represents a contingent right to receive one Class A ordinary share, with the award expiring on December 15, 2029.
Half of the PSUs vest based on the company’s market capitalization relative to a US$250,000,000 target, with initial vesting starting at 80% of that target and increasing on a straight-line basis up to 100%. The other half vest if New Horizon’s Nasdaq-listed shares achieve a higher total return than the Russell Microcap Index over any two-year period between the grant date and the PSU expiry.
New Horizon Aircraft Ltd. reported that Chief Operating Officer Jason Michael O'Neill received a grant of 250,000 performance share units (PSUs) on February 10, 2026. Each PSU represents a contingent right to receive one Class A ordinary share, with the award expiring on December 15, 2029.
Half of the PSUs vest based on the company’s market capitalization relative to a US$250,000,000 target, with initial vesting starting at 80% of that target and increasing on a straight-line basis up to 100%. The other half vest if New Horizon’s Nasdaq-listed shares achieve a higher total return than the Russell Microcap Index over any two-year period between the grant date and the PSU expiry.
New Horizon Aircraft Ltd. granted its Chief Financial Officer, Brian Frederick Merker, 312,500 performance share units (PSUs) on February 10, 2026. Each PSU gives a contingent right to receive one Class A ordinary share with no par value if performance conditions are met.
Half of the PSUs vest based on New Horizon’s market capitalization, tied to a US$250,000,000 target, with vesting beginning once 80% of that target is reached and increasing on a straight-line basis up to 100%. The other half vest only if the company’s shares achieve a higher total return than the Russell Microcap Index over any two-year period between the grant date and the PSUs’ December 15, 2029 expiry.
New Horizon Aircraft Ltd. granted its Chief Financial Officer, Brian Frederick Merker, 312,500 performance share units (PSUs) on February 10, 2026. Each PSU gives a contingent right to receive one Class A ordinary share with no par value if performance conditions are met.
Half of the PSUs vest based on New Horizon’s market capitalization, tied to a US$250,000,000 target, with vesting beginning once 80% of that target is reached and increasing on a straight-line basis up to 100%. The other half vest only if the company’s shares achieve a higher total return than the Russell Microcap Index over any two-year period between the grant date and the PSUs’ December 15, 2029 expiry.
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. 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 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 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.
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.