US Market News
2週前
New Horizon Aircraft Ltd. Announces Closing of $25 Million Offering of Common SharesMay 27, 2026 5:42 PM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / May 27, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced the closing of its previously announced registered direct offering pursuant to a definitive agreement with the same institutional investors from its May 08, 2026 offering for the purchase and sale of an aggregate of 9,960,160 Class A Ordinary Shares ("Common Shares") (or Common Share equivalents). The gross proceeds to the Company were approximately $25 million, before deducting offering expenses. The Company intends to use the net proceeds from the offering to fully fund the completion of the Cavorite X7 prototype and advance the program toward testing, certification and commercial production.Titan Partners, a division of American Capital Partners, acted as the sole placement agent for the offering.The offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-285000) initially filed with the Securities and Exchange Commission ("SEC") on February 14, 2025, and declared effective by the SEC on March 25, 2025 (the "Registration Statement"). The Common Shares (or Common Share equivalents) were offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective Registration Statement. A prospectus supplement and accompanying prospectus relating to, and describing the terms of, the offering were filed with the SEC and are available for free on the SEC's website at www.sec.gov. Electronic copies of the prospectus supplement and accompanying prospectus may also be obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.About New Horizon Aircraft Ltd.Horizon Aircraft (NASDAQ:HOVR) is an advanced aerospace company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional aircraft operators, emergency service providers, and military customers.For further information, visit:Website www.horizonaircraft.comLinkedIn https://www.linkedin.com/company/horizon-aircraft-incOn behalf of New Horizon Aircraft Ltd.Brandon Robinson
Co-Founder and CEOFor further information, contact:Investors:Kathryn Burns
ir@horizonaircraft.comMedia:Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.comForward-looking StatementsThis press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing, development priorities and technical milestones; the Cavorite X7's design specifications, anticipated operational parameters and projected performance, including assumptions regarding operating costs, fuel consumption, maintenance costs and utilization rates; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the SEC and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.SOURCE: Horizon AircraftView the original press release on ACCESS NewswireOriginal: New Horizon Aircraft Ltd. Announces Closing of $25 Million Offering of Common Shares
US Market News
2週前
New Horizon Aircraft Ltd. Announces Pricing of $25 Million Offering of Common SharesMay 26, 2026 11:40 AM
ACCESS NewswireThe offering was led by the Company's largest existing U.S. institutional shareholdersTORONTO, ON / ACCESS Newswire / May 26, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced that it has entered into a definitive agreement with certain institutional investors for the purchase and sale of an aggregate of 9,960,160 Class A Ordinary Shares ("Common Shares") (or Common Share equivalents). The offering is expected to result in gross proceeds of approximately $25 million, before deducting offering expenses. The closing of the offering is expected to occur on or about May 27, 2026, subject to the satisfaction of customary closing conditions. Horizon Aircraft intends to use the net proceeds from the offering to fully fund the completion of the Cavorite X7 prototype and advance the program toward testing, certification and commercial production."This financing reflects strong continued support from our existing institutional investors and further validates the strategic significance of Horizon Aircraft's next-generation aerospace platform," said Brandon Robinson, CEO of Horizon Aircraft. "We are now equipped to fully fund completion of our Cavorite X7 prototype and advance the program toward testing, certification, and commercial production, positioning Horizon Aircraft to advance its differentiated technologies and continue building a leading aerospace organization focused on disciplined execution and long-term value creation."Titan Partners, a division of American Capital Partners, is acting as the sole placement agent for the offering.The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-285000) initially filed with the Securities and Exchange Commission ("SEC") on February 14, 2025, and declared effective by the SEC on March 25, 2025 (the "Registration Statement"). The Common Shares (or Common Share equivalents) are being offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective Registration Statement. A prospectus supplement and accompanying prospectus relating to, and describing the terms of, the offering will be filed with the SEC and will be available for free on the SEC's website at www.sec.gov. Electronic copies of the prospectus supplement and accompanying prospectus may also be obtained, when available, by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.About New Horizon Aircraft Ltd.Horizon Aircraft (NASDAQ:HOVR) is an advanced aerospace company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional aircraft operators, emergency service providers, and military customers.For further information, visit:
Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-incOn behalf of New Horizon Aircraft Ltd.Brandon Robinson
Co-Founder and CEOFor further information, contact:Investors:
Kathryn Burns
ir@horizonaircraft.comMedia:
Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.comForward-looking StatementsThis press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing, development priorities and technical milestones; the Cavorite X7's design specifications, anticipated operational parameters and projected performance, including assumptions regarding operating costs, fuel consumption, maintenance costs and utilization rates; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the SEC and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.SOURCE: Horizon AircraftView the original press release on ACCESS NewswireOriginal: New Horizon Aircraft Ltd. Announces Pricing of $25 Million Offering of Common Shares
US Market News
3週前
Sidoti Events, LLC's May Micro-Cap Virtual ConferenceMay 20, 2026 7:30 AM
ACCESS NewswireNEW YORK, NY / ACCESS Newswire / May 20, 2026 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day May Micro-Cap Virtual Investor Conference taking place Wednesday and Thursday, May 20-21, 2026. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links. Presentation Schedule*All Times EDTWednesday, May 20, 2026 (Day 1)8:30-9:00Huize Holding Limited (HUIZ)*****9:15-9:45U Power Limited (UCAR)SuperCom (SPCB)10:00-10:30InTest Corporation (INTT)Dyadic Applied BioSolutions (DYAI)10:45-11:15International Battery Metals (IBATF)A2Z Cust2mate (AZ)11:30-12:00C1 Fund (CFND)Oil States International (OIS)12:15-12:45Heliostar Metals (HSTR)Acme United Corporation (ACU)1:00-1:30Matrix Service Company (MTRX)Horizon Aircraft (HOVR)1:45-2:15Intrusion Inc. (INTZ) 2:30-3:00ESS Tech (GWH)*****3:15-3:4520/20 Biolabs, Inc. (AIDX)*****4:00-4:30***** 1x1s Only(20th)Bassett Furniture (BSET)****************All Times EDTThursday, May 21, 2026 (Day 2)8:30-9:00Owlting Group (OWLS)Einride (LEGT)9:15-9:45Mastech Digital, Inc. (MHH)CBAK Energy Technology (CBAT)10:00-10:30Cabbacis (CABI)Electra AI (IRHO)10:45-11:15Intellicheck (IDN)*****11:30-12:00Harvard Bioscience, Inc. (HBIO)Stakeholder Gold Corporation (SRC)12:15-12:45*****First Phosphate (FRSPF)1:00-1:30SafeSpace Global Corp. (SSGC)*****1:45-2:15Myomo, Inc (MYO)*****2:30-3:00Flexsteel Industries, Inc. (FLXS)*****3:15-3:45Oragenics, Inc. (OGEN)Power Metallic Mines (PNPNF)4:00-4:30Highland Copper Company (HDRSF)*****1x1s Only(21st)Bassett Furniture (BSET)***************About Sidoti Events, LLC ("Events") and Sidoti & Company, LLC ("Sidoti")
In 2023, Sidoti & Company, LLC formed an affiliate company, Sidoti Events, LLC in order to focus exclusively on its rapidly growing conference business and to more directly serve the needs of presenters and attendees. The relationship allows Events to draw on the over 25 years of experience Sidoti has as a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $200 million-$5 billion market cap range. Sidoti's coverage universe comprises approximately 130 equities, of which over 80 percent participate in the firm's rapidly growing Company Sponsored Research ("CSR") program. Events is a leading provider of corporate access through the many investor conferences it hosts each year. By virtue of its direct ties to Sidoti, Events benefits from Sidoti's small- and microcap-focused nationwide sales force, which has connections with over 2,500 institutional relationships in North America. This enables Events to provide multiple forums for meaningful interaction for small and microcap issuers and investors specifically interested in companies in the sector.Media Contact:Ally Cecil
Conference Coordiantor
US Market News
1月前
New Horizon Aircraft Ltd. Announces Pricing of $20 Million Offering of Common SharesMay 6, 2026 11:40 PM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / May 6, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced that it has entered into a definitive agreement with certain institutional investors for the purchase and sale of an aggregate of 9,254,889 Class A Ordinary Shares ("Common Shares"). The offering is expected to result in gross proceeds of approximately $20 million, before deducting offering expenses. The closing of the offering is expected to occur on or about May 8, 2026, subject to the satisfaction of customary closing conditions. Horizon Aircraft intends to use the net proceeds from the offering to fund and accelerate development and buildout of the Cavorite X7 aircraft program, as well as for working capital and general corporate purposes."This financing reflects strong recognition of the strategic importance of Horizon Aircraft's cutting-edge aerospace development," said Brandon Robinson, CEO of Horizon Aircraft. "We are now equipped to enhance our ability to develop world-class innovative technologies, accelerate our commercialization timeline, and attract and retain elite talent. This funding is a significant milestone as we have expanded our institutional shareholder base, demonstrating commitment and confidence in our team's ability to execute."Titan Partners, a division of American Capital Partners, is acting as the sole placement agent for the offering.The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-285000) initially filed with the Securities and Exchange Commission ("SEC") on February 14, 2025, and declared effective by the SEC on March 25, 2025 (the "Registration Statement"). The Common Shares (or Common Share equivalents) are being offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective Registration Statement. A prospectus supplement and accompanying prospectus relating to, and describing the terms of, the offering will be filed with the SEC and will be available for free on the SEC's website at www.sec.gov. Electronic copies of the prospectus supplement and accompanying prospectus may also be obtained, when available, by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.About New Horizon Aircraft Ltd.Horizon Aircraft (NASDAQ:HOVR) is an advanced aerospace company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional aircraft operators, emergency service providers, and military customers.For further information, visit:Website www.horizonaircraft.comLinkedIn https://www.linkedin.com/company/horizon-aircraft-incOn behalf of New Horizon Aircraft Ltd.Brandon Robinson
Co-Founder and CEOFor further information, contact:Investors:Kathryn Burns
ir@horizonaircraft.comMedia:Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.comForward-looking StatementsThis press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing, development priorities and technical milestones; the Cavorite X7's design specifications, anticipated operational parameters and projected performance, including assumptions regarding operating costs, fuel consumption, maintenance costs and utilization rates; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the SEC and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.SOURCE: Horizon AircraftView the original press release on ACCESS NewswireOriginal: New Horizon Aircraft Ltd. Announces Pricing of $20 Million Offering of Common Shares
US Market News
2月前
Horizon Aircraft Reports Results for Third Quarter of Fiscal Year 2026 and Provides Business UpdateApril 14, 2026 7:00 AM
ACCESS NewswireTORONTO, ON / ACCESS Newswire / April 14, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today reported its financial and operational results for the third quarter of fiscal 2026 ended February 28, 2026.Recent Highlights:Continued strong liquidity with $20 million in cash, including what the Company expects is sufficient working capital to support planned aircraft development milestones through fiscal 2027;Advancing the full-scale hybrid-electric Cavorite X7 aircraft (the "Cavorite X7") from concept to reality; the Company expects to complete assembly later in 2026 with flight testing to commence in early 2027;Significant manufacturing partnerships established with world class organizations including RAMPF Composite Solutions (fuselage production) and North Aircraft Industries (wing manufacturing and structural testing);Commenced important collaboration with MHIRJ, a subsidiary of Mitsubishi Heavy Industries Ltd., to accelerate the Cavorite X7 manufacturing program through its highly specialized engineering support team;Comprehensive evaluation performed by a globally recognized accounting firm validating the Cavorite X7's projected operating cost of US$0.97 per available seat mile, which would significantly improve the economic performance for aircraft operators currently operating legacy helicopters and compares favorably to other aircraft in the Advanced Air Mobility space;Significantly improved operational efficiency, reflected in lower administrative costs relative to increased engineering expenses as the full-scale aircraft production advances.Brandon Robinson, Co-Founder and CEO of Horizon Aircraft, commented, "This quarter marked a major inflection point as the Cavorite X7 aircraft transitioned from the design phase into manufacturing. With strong strategic partnerships and collaborations, growing technical capabilities, and solid liquidity, we are confidently tracking to complete our full-scale prototype by the end of 2026."For more information, visit Horizon Aircraft's website or watch its innovative technology in action on the Company's YouTube channel.Conference CallNew Horizon Aircraft will host a conference call on Tuesday, April 14, 2026, at 8:30 a.m. Eastern Time to review its financial and operational results. Participants may access the call by telephone at 888-506-0062 from North America and at 973-528-0011 from international numbers (Access Code: 835351) or by joining the live webcast on the Company's investor relations website at https://ir.horizonaircraft.com/events-presentations. A replay of the webcast will be available shortly after the call.About Horizon AircraftHorizon Aircraft (NASDAQ:HOVR) is an advanced aerospace company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional aircraft operators, emergency service providers, and military customers.For further information, visit:Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-incFor further information, contact:Investors:Kathryn Burns
ir@horizonaircraft.comMedia:Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.comForward-Looking StatementsThis press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing, development priorities and technical milestones; the Cavorite X7's design specifications, anticipated operational parameters and projected performance, including assumptions regarding operating costs, fuel consumption, maintenance costs and utilization rates; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the Securities and Exchange Commission ("SEC") and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.SOURCE: Horizon AircraftView the original press release on ACCESS NewswireOriginal: Horizon Aircraft Reports Results for Third Quarter of Fiscal Year 2026 and Provides Business Update
US Market News
2月前
Horizon Aircraft to Report Third Quarter 2026 Results and Provide a Business Update on April 14, 2026March 31, 2026 8:00 AM
ACCESS NewswireCompany Invites Investors to Submit Questions to be Answered on the Webcasted Earnings CallTORONTO, ON / ACCESS Newswire / March 31, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that it will release its financial results for the fiscal third quarter of 2026 on Tuesday, April 14, 2026, before market open. Management of the Company will discuss those results and provide a business update during a webcasted earnings call at 8:30 am ET on the same day.The conference call may be accessed by telephone at 888-506-0062 from North America and at 973-528-0011 from international numbers (Access Code: 835351) or by joining the live webcast on Horizon Aircraft's investor relations website at https://ir.horizonaircraft.com/events-presentations. An archive of the earnings call will be available shortly after the call.Horizon Aircraft invites investors to submit questions to be answered on the earnings call. Management will address select questions relating to its business and financial results and corporate and strategic plans. Questions should be submitted to ir@horizonaircraft.com by Thursday, April 9, 2026. Investors submitting questions will also be added to the IR mailing list.About Horizon AircraftHorizon Aircraft (NASDAQ:HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.For further information, visit:Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-incFor further information, contact:Investors:Kathryn Burns
ir@horizonaircraft.comMedia:Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.comSOURCE: Horizon AircraftView the original press release on ACCESS NewswireOriginal: Horizon Aircraft to Report Third Quarter 2026 Results and Provide a Business Update on April 14, 2026
US Market News
3月前
Horizon Aircraft's Unique VTOL Delivers Up to 75% Lower Operating Costs Than HelicoptersMarch 5, 2026 8:00 AM
ACCESS NewswireThe Cavorite X7's Low Projected Operating Cost Has Been Verified by a Leading Independent Audit FirmTORONTO, ON / ACCESS Newswire / March 5, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) is proud to announce that its hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, the Cavorite X7, is forecasted to operate up to 75% more cost efficiently compared to conventional helicopters on a cost per available seat mile basis. The aircraft further offers greater redundancy, speed, and higher aircraft utilization by combining all-weather capability with low maintenance requirements. The Cavorite X7's competitive operational and economic performance is attributed to its hybrid architecture and patented fan-in-wing design. Flying most missions in conventional fixed-wing cruise powered by a traditional turboprop engine, the Cavorite X7 is targeting regional distances up to 450 km/h (280 mph), nearly twice the speed of today's helicopters serving similar mission profiles. This can cut response times by half for critical missions such as medevac, disaster relief, and defense operations while significantly lowering operational costs.Horizon Aircraft CFO Brian Merker stated, "The Cavorite X7's projected operating cost is US$0.97 per available seat mile, which we had validated by a leading independent audit firm. Our goal in 2026 is to highlight our aircraft's superior economic performance to legacy helicopter operators and lessors and how it can meaningfully transform their service to current and future customers."Operators can expect to further benefit from the Cavorite X7's high utilization potential. The aircraft is targeting certification for Instrument Flight Rules (IFR) and Flight Into Known Icing (FIKI), and also has significantly lower mechanical complexity than a traditional helicopter. Integrating Cavorite X7s into existing fleets can provide operators an opportunity to deliver consistent, year-round availability, minimizing disruptions from adverse weather or maintenance downtime that currently ground open rotor aircraft. Further operational benefits include the ability to carry meaningful payloads (up to 680 kg/1500 lbs) and to fully recharge batteries in-flight unlike all-electric eVTOLs."The Cavorite X7's design was driven by gaps in today's regional air mobility solutions," stated Horizon Aircraft Co-Founder and CEO Brandon Robinson. "A hybrid-electric VTOL aircraft that flies in all-weather conditions faster, farther, safer, and does so economically with higher aircraft utilization has the ability to save more lives, connect more communities, and empower operators to offer enhanced services."For more information about Horizon Aircraft, please see the Company's website or watch its innovative technology in action on the Company's YouTube channel.About Horizon AircraftHorizon Aircraft (NASDAQ:HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.For further information, visit:Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-incFor further information, contact:Investors:
Kathryn Burns
ir@horizonaircraft.comMedia:
Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.comForward-Looking StatementsThis press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL prototype for initial testing, development priorities and technical milestones; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the Securities and Exchange Commission ("SEC") and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.SOURCE: Horizon AircraftView the original press release on ACCESS NewswireOriginal: Horizon Aircraft's Unique VTOL Delivers Up to 75% Lower Operating Costs Than Helicopters
US Market News
3月前
Horizon Aircraft to Participate in Upcoming Industry EventsFebruary 27, 2026 8:00 AM
ACCESS NewswireTORONTO, ONTARIO / ACCESS Newswire / February 27, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that management of the Company will participate in the following upcoming events:Event: Prospectors & Developers Association of Canada (PDAC)Date: March 1-4, 2026Location: Toronto - Metro Toronto Convention CentreEvent Link: https://pdac.ca/convention-2026The Company will be available for 1x1 meetings.Event: Verticon 2026Date: March 9-12, 2026Location: Atlanta - Georgia World Congress CenterEvent Link: https://verticon.org/The Company will be available for 1x1 meetings.Event: AIAC Aerospace on the Hill 2026Date: March 10-11, 2026Location: Ottawa - Parliament HillThe Company will engage in programming and connect with Canada's top policy and decision-makers.Event: Quebec Air Transport Association 2026 ConventionDate: March 18-20, 2026Location: Montréal - Marriott Château ChamplainEvent Link: https://www.aqta.ca/actualites/6155-congres-annuel-de-l-aqta-2026.htmlThe Company will participate in a live panel discussion and will be available for informal conversations.Event: International Aerospace Innovation ForumDate: April 13-14, 2026Location: Montréal - Palais des congrès de MontréalEvent Link: https://aeromontreal.ca/en/events/forum_innovation_2026-2/The Company will participate in a live panel discussion and will be available for informal conversations. The Company's large-scale prototype will be showcased with team members present to engage in discussion.About Horizon AircraftHorizon Aircraft (NASDAQ:HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety and performance. Upon successful completion of testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.For further information, visit:Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-incFor further information, contact:Investors:Kathryn Burns
ir@horizonaircraft.comMedia:Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.comSOURCE: Horizon AircraftView the original press release on ACCESS NewswireOriginal: Horizon Aircraft to Participate in Upcoming Industry Events
ErnieBilco
5月前
New Horizon Aircraft: A Speculative Microcap With Take-Off Potential
Written by Thomas Hughes on January 16, 2026
Horizon Aircraft logo over a hybrid eVTOL aircraft in flight highlights emerging electric aviation technology.
Quick Look
New Horizon’s hybrid eVTOL model targets longer-range use cases, including defense and medivac, setting it apart from commuter-focused rivals.
Non-dilutive grant funding and a full-scale prototype build in 2026 support operational runway while reducing near-term dilution risk.
Analysts see major upside, but high short interest, no current revenue, and valuation pressures suggest near-term volatility remains high.
New Horizon Aircraft, Ltd. (NASDAQ: HOVR) is a small, emerging play on eVTOL aircraft with the potential for big stock price gains. Unlike competitors focused on shorter-distance commuter hops and pure-play EVs, New Horizon’s Cavorite X7 aims to solve a different problem.
Among its differentiators is the hybrid model. The hybrid model enables longer ranges and higher speeds, matching those of traditional aircraft, and it is self-charging. Additionally, this aircraft targets longer-range hops of 300 to 500 miles, established markets, including defense, medevac, emergency, regional travel, and remote access, and carries more passengers and cargo than its competitors.
Regional helicopter travel alone is a billion-dollar opportunity for this company, with more than $19 billion in North America in 2025. The Cavorite X7 shares critical features with helicopters, including vertical takeoff and landing, but flies faster and more efficiently, opening the door to potential disruption.
What Can Move New Horizon Aircraft in 2026?
Catalysts for New Horizon stock in 2026 include the build-out of its prototype, full-scale model, an INSAT grant worth approximately $10.5 million, and strengthened financial health. Regarding the build of its prototype, the Q2 fiscal year 2026 (FY2026) results include a positive update, targeting completion later this year and the initiation of testing within the next 12 to 18 months. The INSAT grant will help the company develop all-weather capability, putting it on track to achieve FAA Instrument Flight Rules and Flight Into Known Icing certifications, critical to its mission.
The INSAT grant is also significant to the company’s financial health. The funding will bring the total cash to approximately $35 million, sufficient to sustain operations through the end of calendar 2026 at the Q2 FY2026 cash burn pace. More importantly, this is non-dilutive funding, alleviating concerns of additional dilution this year. As it stands, the company’s share count increased by 70% year-over-year in Q2 and by 80% on a year-to-date basis, while leverage remains ultra-low. Total leverage, including long-term debt obligations, is less than half its cash position and approximately 0.75x shareholders' equity.
5 Factors Point to Volatility in HOVR Shares: Triple-Digit Upside Is Forecasted
The few analysts tracking New Horizon Aircraft are bullish, rating the stock a Moderate Buy with a 450% upside at the consensus, but investors shouldn’t count on this move happening quickly. Other factors, including valuation and insider activity, point to volatility in the coming quarters. The company has no revenue or earnings, making its current valuation high relative to long-term forecasts.
Profits are expected to begin as soon as 2030; even so, trading near $2.00 in early 2026, the stock is more than 55x its 2035 forecast. In this light, any execution delays will lead to market sell-offs, and short-sellers are waiting for the opportunity to profit.
Short interest fell slightly as of the late December report, but is trending near record-high levels and will likely increase as (if) share prices rise, potentially capping gains at $2.50 or $3.00. Conversely, the downside is limited by the analysts and the institutions, which own a significant 65% of the market and were accumulating in late 2025, suggesting support in the $1.25 to $1.35 region is solid.
New Horizon Aircraft Is Trapped in a Range
New Horizon has ample upside potential, but gains are capped in 2026. The lack of revenue and short interest alone are sufficient to keep this market from advancing, and the post-Q2 release aligns with that outlook. The market appears to be capped at $2.50 and will likely move to the low end of its range before rebounding. Targets for support are near $1.80 and $1.25.
HOVR stock chart shows post-earnings pullback capped near resistance, with price stabilizing around support as volume and momentum weaken.
subslover
1年前
Horizon Aircraft Secures $8.4 Million Strategic Investment
~ Deepens Investor’s Dedication to Horizon Aircraft Supporting Continued Operations and Development ~
TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today it has received an investment from a strategic investor (the “Investor”) and aerospace supporter, for aggregate proceeds of $8.4 million (the “Investment”). The strategic financing will fortify Horizon Aircraft’s balance sheet, provide stability in the operations, governance and regulatory priorities, and fund further development and flight testing of its hybrid eVTOL, the Cavorite X7.
Brandon Robinson, Chief Executive Officer and Co-Founder of Horizon Aircraft commented, "We are deeply appreciative for this second investment from our strategic partner. The principle’s continued support through this second tranche of funding provides our business with a solid working capital position in support of our initiatives. With this commitment Horizon Aircraft is on solid footing, and our focus is on the development of our full-scale hybrid eVTOL."
Under the terms of the Investment, the Investor will receive an aggregate $2.1 million in Horizon Class A ordinary shares totaling 4,166,667 shares offered at $0.50 CAD per share to be issued from treasury (the “Common Shares”). Additionally, the Investor will exchange $6.3 million for 4,500 preferred shares to be issued from treasury (the “Preferred Shares”), each will be convertible to Common Shares at a price of $0.63 CAD per share for a period of five (5) years. The Preferred Shares shall have a priority liquidation preference over the Common Shares. The Company shall register the Common Shares with the United States Securities and Exchange Commission as soon as practically possible, but no later than 90 calendar days from filing.
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