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.
Brian Frederick Merker, Chief Financial Officer of New Horizon Aircraft Ltd. (HOVR), reported a purchase of 751 Class A Ordinary Shares on June 23, 2025. The shares were acquired at a weighted average price of $2.25 per share, with actual transaction prices ranging from $2.250 to $2.310.
Following this transaction, Merker's direct ownership increased to 32,351 shares. The purchase was executed through multiple transactions, and the reporting person has committed to provide detailed price information for each transaction upon request from the company, shareholders, or SEC staff.
Key Transaction Details:
- Transaction Type: Direct Purchase
- Security Type: Class A Ordinary Shares
- Ownership Form: Direct
- Filing Date: June 28, 2025
- Transaction Date: June 23, 2025
New Horizon Aircraft Chief Operating Officer and Director Jason Michael O'Neill reported an insider purchase of 656 Class A Ordinary Shares on June 23, 2025. The shares were acquired at a weighted average price of $2.25 per share, with actual purchase prices ranging from $2.250 to $2.310.
Following this transaction, O'Neill now directly owns 266,624 Class A Ordinary Shares of New Horizon Aircraft. The purchase was executed as a standard market transaction and was reported within the required filing deadline.
Key Transaction Details:
- Transaction Type: Direct Purchase
- Total Transaction Value: Approximately $1,476
- Filing Date: June 28, 2025
- Position: Chief Operating Officer and Director
- Transaction Code: P (Open market purchase)
New Horizon Aircraft (Nasdaq: HOVRW) filed an 8-K stating that on June 26 2025 Nasdaq confirmed the company has regained compliance with the $1.00 minimum bid-price requirement under Listing Rule 5550(a)(2). The prior deficiency has been cured and the matter is now closed, allowing the shares and warrants to remain on the Nasdaq Capital Market.
The notice is disclosed under Item 7.01 (Regulation FD); no financial statements or other material changes were reported. A press release detailing the notice is furnished as Exhibit 99.1.