New Horizon Aircraft Ltd. - Class A Ordinary Shares (HOVR)

Former Bombardier, Vertical Aerospace, and CAE engineering leader will help drive the development and certification of Horizon Aircraft's next-generation hybrid eVTOL

The future of transportation is rapidly becoming reality as the Federal Aviation Administration (FAA) advances electric air taxi testing programs across 26 U.S. states, paving the way for commercial passenger services expected to launch throughout 2026. Markets including Texas, New York City, Florida, North Carolina, Oklahoma, and regions across the Pacific Northwest and Rocky Mountains are among the first expected to benefit from next-generation air mobility networks.

TORONTO, 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.

The offering was led by the Company's largest existing U.S. institutional shareholders

Cert Center Canada has streamlined Horizon Aircraft's dual-use readiness as Canada prioritizes domestic aircraft procurement to boost national security

TORONTO, ON / ACCESS Newswire / May 11, 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 certain institutional investors for the purchase and sale of an aggregate of 9,254,889 Class A Ordinary Shares ("Common Shares"). The gross proceeds to the Company were approximately $20 million, before deducting offering expenses. The Company 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.

TORONTO, 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.

ORLANDO, FL / ACCESS Newswire / May 6, 2026 / RedChip Companies will host an investor webinar on Thursday, May 7, 2026, at 4:15 p.m. ET with New Horizon Aircraft Ltd. (Nasdaq:HOVR).

TORONTO, ON / ACCESS Newswire / April 29, 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, announces that management will participate in the following upcoming events:

ORLANDO, FL / ACCESS Newswire / April 24, 2026 / RedChip Companies will air interviews with New Horizon Aircraft Ltd. (Nasdaq:HOVR) and First Phosphate Corp. (CSE:PHOS)(OTCQX:FRSPF) on the RedChip Small Stocks, Big Money™ show, a sponsored program on Bloomberg TV this Saturday, April 25, at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the U.S.

TORONTO, 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.

Company Invites Investors to Submit Questions to be Answered on the Webcasted Earnings Call

The Cavorite X7's Low Projected Operating Cost Has Been Verified by a Leading Independent Audit Firm

TORONTO, 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:

North Aircraft Industries selected for proven complex aerospace composite manufacturing, engineering, and testing capabilities

TORONTO, ONTARIO / ACCESS Newswire / January 23, 2026 / New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, announces that management will participate in the following upcoming events:

Company shares updates on the Cavorite X7 design, safety, aerodynamics, and cruise performance

TORONTO, ONTARIO / ACCESS Newswire / January 14, 2026 / New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, today reported its financial and operational results for the second quarter of fiscal 2026, ended November 30, 2025.

Company Invites Shareholders to Submit Questions to be Answered on the Webcast

Formula 1 and electric vehicle equipment expert, Motion Applied, chosen to develop the Cavorite X7's motor drive inverter and to be a key partner through the aircraft's certification process

TORONTO, ON / ACCESS Newswire / November 26, 2025 / New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of one of the world's first hybrid electric VTOL (Vertical Take-Off and Landing) aircraft, announces that esteemed test pilot-astronaut Jameel Janjua has joined its Board of Directors, bringing deep expertise in experimental test flight, military operations, aerospace engineering, and business growth.

The Cavorite X7 is designed to fly safely in clouds and known icing conditions at faster speeds and lower operating costs than helicopters, aiming for undisrupted flight operations worldwide

Horizon Aircraft hosted Brigadier General Brendan Cook, RCAF Director General Space, Combat and Support, for a briefing on the Cavorite X7 and its potential Defence applications

TORONTO, ONTARIO / ACCESS Newswire / November 3, 2025 / New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of one the world's first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, announces that management will participate in the following conferences in November and December:

Project CRYSTAL aims to develop a safe, all-weather eVTOL propulsion system that can fly in conditions that most helicopters can't