Class A Ordinary Share, no par value
- Symbol
- HOVR
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 2.02, 9.01 · 8-K
New Horizon Aircraft Ltd.
HOVRNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On October 9, 2026, New Horizon Aircraft Ltd. (the “Company”) issued a press release announcing its financial and operating results for the quarter ended August 31, 2026.…
Press release in this filing
Horizon Aircraft Reports Fiscal 2027 First Quarter Results and Advances Full-Scale Cavorite X7 Development →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.
Current securities
Registered securities in this filing
NEW HORIZON AIRCRAFT LTD. · 8-K · Filed 2026-10-09
Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
- Symbol
- HOVRW
- Exchange
- NASDAQ
- Classification
- WARRANT
- Status
- Current
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02. Results of Operations
and Financial Condition.
On October 9, 2026,
New Horizon Aircraft Ltd. (the “Company”) issued a press release announcing its financial and operating results for the quarter
ended August 31, 2026. The Company will also host an earnings call on October 9, 2026, during which the Company will discuss its financial
results for the quarter ended August 31, 2026 and provide a business update. A copy of the press release is furnished as Exhibit 99.1
to this Current Report on Form 8-K.
The information
in Item 2.02 of this Current Report on Form 8-K and the press release furnished as Exhibit 99.1 hereto shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to
the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,
or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Filed exhibits (1)
Exhibit 99.1 Horizon Aircraft Reports Fiscal 2027 First Quarter Results and Advances Full-Scale Cavorite X7 Development TORONTO, October 9, 2026 - New Horizon Aircraft Ltd. (“Horizon Aircraft” or the “Company”) (NASDAQ: HOVR), a Canadian aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today reported its financial and operational results for the first quarter of fiscal 2027 ended August 31, 2026. Recent Highlights: Strong liquidity: More than $70 million in cash as of August 31, 2026, which management expects to be sufficient to fund its current operating plan for at least the next 24 months; Strategic allocation of capital: The Company significantly increased research and development (R&D) spending in relation to general and administrative (G&A) spending to advance the Cavorite X7 program, which remains on track to begin initial testing in early calendar 2027. The full-scale demonstrator aircraft is expected to be completed by the first quarter of calendar 2027, followed by ground and taxi testing and then flight testing; ──────────────────────────────────────────────────────────────────────────────…
Open exhibit ↗