Grip Investments holds 1.6M New Horizon (HOVR) shares in passive 3.6% stake

Rhea-AI Filing Summary

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

New Horizon Aircraft Ltd.

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

64550A107

(CUSIP Number)

01/29/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 64550A107

1

Names of Reporting Persons

Grip Investments Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,613,387.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,613,387.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,613,387.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.6 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: New Horizon Aircraft Ltd.
(b)	Address of issuer's principal executive offices: 3187 Highway 35 Lindsay, Ontario, K9V 4R1
Item 2.
(a)	Name of person filing: Grip Investments Limited
(b)	Address or principal business office or, if none, residence: 100 York Boulevard, Suite 550, Richmond Hill, Ontario, L4B1J8, Canada
(c)	Citizenship: Ontario, Canada
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP No.: 64550A107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,613,387
(b)	Percent of class: 3.6%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,613,387
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,613,387
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Grip Investments Limited

Signature:	/s/ John Carswell
Name/Title:	John Carswell, President
Date:	01/29/2026

FAQ

What stake does Grip Investments Limited report in New Horizon Aircraft (HOVR)?

Grip Investments Limited reports owning 1,613,387 Class A Ordinary Shares, equal to 3.6% of New Horizon Aircraft’s class. This ownership level is disclosed in an amended Schedule 13G, reflecting a sizeable but minority position below the 5 percent threshold.

Is Grip Investments Limited a passive investor in New Horizon Aircraft (HOVR)?

Grip Investments certifies that its shares were not acquired to change or influence control of New Horizon Aircraft. The Schedule 13G certification states the holdings are not connected with any control-related transaction, which is consistent with a passive investment approach.

How much voting power does Grip Investments have in New Horizon Aircraft (HOVR)?

Grip Investments reports sole voting power over 1,613,387 Class A Ordinary Shares of New Horizon Aircraft. It also has sole dispositive power over the same number of shares, with no shared voting or dispositive authority reported with any other party.

Why did Grip Investments file an amended Schedule 13G for New Horizon Aircraft (HOVR)?

The amended Schedule 13G updates Grip Investments’ beneficial ownership information as of 01/29/2026. The filing discloses a 3.6% stake in New Horizon Aircraft’s Class A Ordinary Shares and confirms that the investment is not intended to influence control of the company.

Where is Grip Investments Limited, the New Horizon Aircraft (HOVR) holder, based?

Grip Investments Limited is organized in Ontario, Canada, with a principal office in Richmond Hill, Ontario. The filing lists its address as 100 York Boulevard, Suite 550, Richmond Hill, Ontario, L4B1J8, Canada, and identifies its citizenship as Ontario, Canada.

What does the 3.6% ownership figure mean for New Horizon Aircraft (HOVR)?

The 3.6% figure shows Grip Investments owns a minority portion of New Horizon Aircraft’s Class A Ordinary Shares. This level of beneficial ownership is below 5 percent and is reported as a passive stake with sole voting and dispositive power over the shares.