EX-99.1 2 ea030461001ex99-1.htm PRESS RELEASE, DATED SEPTEMBER 4, 2026 Exhibit 99.1 Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair Company to benefit from Hearne’s 30 years of technology leadership, capital markets, and financial oversight experience as it advances the Cavorite X7 program TORONTO, September 4, 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 appointment of Tom Hearne to its Board of Directors (the “Board”) and as Chair of the Board’s Audit Committee, effective immediately. Mr. Hearne succeeds Trisha Nomura, who has resigned from the Board and Chair of the Audit Committee effective September 4, 2026, for personal reasons. Her resignation was not the result of any disagreement with the Company or the Board regarding its operations, policies, practices, financial reporting, or other matters. Ms. Nomura will continue to be available in a support and advisory function as needed by the Company and remains an important shareholder. Brandon R…
Open exhibit ↗Current Report · Items 5.02, 7.01, 9.01 · 8-K
New Horizon Aircraft Ltd.
HOVRNASDAQEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On September 4, 2026, the Company issued a press release announcing the director transition described in Item 5.02 of this Current Report on Form 8-K. A copy of this press release is attached as Exhibit 99.1 hereto.…
Company context
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.