New Horizon Aircraft
HOVR

$1

9.77%

Market Cap: $21.4M

About: New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.

Employees: 14

Industrials Aircraft

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

75% more funds holding

Funds holding: 4 [Q1] → 7 (+3) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 1

0.45% less ownership

Funds ownership: 4.49% [Q1] → 4.04% (-0.45%) [Q2]

79% less capital invested

Capital invested by funds: $1.91M [Q1] → $410K (-$1.5M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for HOVR.

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Financial journalist opinion

Based on 3 articles about HOVR published over the past 30 days

New Horizon Aircraft Announces Closing of $2.9 Million Public Offering

TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), today closed its previously announced underwritten public offering of (i) 2,800,000 of its Class A ordinary shares, no par value per share, and accompanying warrants to purchase up to 2,800,000 of its Class A ordinary shares, and (ii) to certain investors, pre-funded warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares. Each Class A ordinary share and accompanying warrant are being sold together at a combined public offering price of $0.50, and each pre-funded warrant and accompanying warrant are being sold together at a combined public offering price of $0.50. Each Warrant will have an exercise price $0.75 per share, be exercisable immediately upon issuance and expire five years from the date of issuance. Each pre-funded warrant will have an exercise price of $0.00001 per share and will be exercisable immediately after the original issue date until the pre-funded warrant is exercised in full. The gross proceeds to Horizon Aircraft from the offering, before deducting the underwriting discounts and other offering expenses, are approximately $2.9 million, assuming no exercise of warrants, and up to approximately $7.25 million, assuming the warrants are exercised in full for cash.

New Horizon Aircraft Announces Closing of $2.9 Million Public Offering

Horizon Aircraft Appoints Tom Brassington as Chief Technology Officer

Tom Brassington joins from Lilium, bringing significant eVTOL industry experience Tom Brassington joins from Lilium, bringing significant eVTOL industry experience

Horizon Aircraft Appoints Tom Brassington as Chief Technology Officer

New Horizon Aircraft Announces Pricing of $2.9 Million Public Offering

TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, today announced the pricing of an underwritten public offering of (i) 2,800,000 of its Class A ordinary shares, no par value per share, and accompanying warrants to purchase up to 2,800,000 of its Class A ordinary shares, and (ii) to certain investors, pre-funded warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares. Each Class A ordinary share and accompanying warrant are being sold together at a combined public offering price of $0.50, and each pre-funded warrant and accompanying warrant are being sold together at a combined public offering price of $0.50. Each Warrant will have an exercise price $0.75 per share, be exercisable immediately upon issuance and expire five years from the date of issuance. Each pre-funded warrant will have an exercise price of $0.00001 per share and will be exercisable immediately after the original issue date until the pre-funded warrant is exercised in full. The gross proceeds to Horizon Aircraft from the offering, before deducting the underwriting discounts and other offering expenses, are expected to be approximately $2.9 million, assuming no exercise of warrants, and up to approximately $7.25 million, assuming the warrants are exercised in full for cash. The offering is expected to close on August 21, 2024, subject to customary closing conditions.

New Horizon Aircraft Announces Pricing of $2.9 Million Public Offering

Why Is New Horizon Aircraft (HOVR) Stock Down 6% Today?

New Horizon Aircraft (NASDAQ: HOVR ) stock is falling on Wednesday after the aerospace original equipment manufacturer company's shares underwent a rally yesterday. That saw shares of HOVR stock close out normal trading hours on Tuesday up 32.2%.

Why Is New Horizon Aircraft (HOVR) Stock Down 6% Today?

Horizon Aircraft to Attend the Farnborough International Airshow 2024

TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that it will attend the Farnborough International Airshow 2024 being held July 22-26, 2024 in Farnborough, England at the Farnborough International Exhibition & Conference Centre. The leading international aerospace and defense industry event features five days of unrivalled opportunities to discover the latest pioneering technology and engineering, announce historic partnerships, and collaboratively work towards the cumulative sustainable aerospace vision.

Horizon Aircraft to Attend the Farnborough International Airshow 2024

Horizon Aircraft Announces Participation in the 2nd Annual Jefferies eVTOL / AAM Summit

TORONTO, May 23, 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 that the Company will participate in a virtual fireside chat during the Jefferies eVTOL / AAM Summit on Thursday, May 30, 2024 at 9:10am Eastern Time.

Horizon Aircraft Announces Participation in the 2nd Annual Jefferies eVTOL / AAM Summit

Horizon Aircraft Announces Participation in the EF Hutton Annual Global Conference

Toronto, Ontario--(Newsfile Corp. - May 6, 2024) - 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 that the Company will participate in the EF Hutton Annual Global Conference on Wednesday, May 15, 2024, at the Plaza Hotel in New York City.

Horizon Aircraft Announces Participation in the EF Hutton Annual Global Conference

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of New Horizon Aircraft Ltd. (HOVR, HOVRW) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of New Horizon Aircraft Ltd. (“New Horizon” or the “Company”) (NASDAQ: HOVR, HOVRW) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your New Horizon investments or would like to inquire about potentially pursuing claims to recover your loss under the.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of New Horizon Aircraft Ltd. (HOVR, HOVRW) on Behalf of Investors

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of New Horizon Aircraft Ltd.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of New Horizon Aircraft Ltd. (“New Horizon” or the “Company”) (NASDAQ: HOVR, HOVRW) investors concerning the Company's possible violations of federal securities laws. On April 22, 2024, New Horizon disclosed that previously issued financial statements for the year ended May 31, 2023 and the period ended August 31, 2023 should no longer be relied upon due to “the deferred development costs recorde.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of New Horizon Aircraft Ltd.

The Law Offices of Frank R. Cruz Announces Investigation of New Horizon Aircraft Ltd.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of New Horizon Aircraft Ltd. (“New Horizon” or the “Company”) (NASDAQ: HOVR, HOVRW) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On April 22, 2024, New Horizon disclosed that previously issued financial statements for the year ended May 31, 2023 and the period ended August 31, 2023 sh.

The Law Offices of Frank R. Cruz Announces Investigation of New Horizon Aircraft Ltd.

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