{"filings":[{"id":704316,"accession_number":"0001213900-26-061690","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2026-05-28T01:43:31+00:00","items":["7.01","9.01"],"status":"ready","headline":"New Horizon Aircraft closes $25M registered direct offering of common shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds ~$25M; 9.96M common shares (or equivalents) sold to same institutional investors as May 8 offering.","Net proceeds to fund completion of Cavorite X7 prototype and advance toward testing and certification.","Titan Partners (American Capital Partners) acted as sole placement agent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":678196,"accession_number":"0001213900-26-061264","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2026-05-27T12:57:03+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"New Horizon Aircraft raises $25M in registered direct offering for Cavorite X7 prototype funding","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds ~$25M from sale of 9,960,160 Class A ordinary shares (or equivalents) at $2.51/share.","Pre-funded warrants for 4,574,514 shares at $0.001 exercise price; closing expected May 27, 2026.","Net proceeds to fully fund completion of Cavorite X7 hybrid-electric VTOL prototype and advance toward testing/certification.","Offering led by largest existing U.S. institutional shareholders; Titan Partners sole placement agent (7% fee).","Company locked from issuing additional common shares or equivalents for 45 days post-closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":37,"accession_number":"0001213900-26-054213","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2026-05-11T12:34:26+00:00","items":["7.01","9.01"],"status":"ready","headline":"New Horizon Aircraft closes $20M offering of 9.25M common shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closed registered direct offering of 9,254,889 Class A Ordinary Shares for gross proceeds of $20M.","Net proceeds to fund and accelerate development of Cavorite X7 hybrid-electric VTOL aircraft, plus working capital.","Titan Partners acted as sole placement agent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":96774,"accession_number":"0001213900-26-053524","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2026-05-08T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"New Horizon Aircraft raises ~$20M in registered direct offering of 9.25M shares at $2.15","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Offering of 9,254,889 Class A ordinary shares at $2.15 per share for gross proceeds of ~$19.9M.","Proceeds to fund development and buildout of Cavorite X7 hybrid-electric VTOL aircraft and working capital.","Closing expected May 8, 2026; Titan Partners acted as sole placement agent for $1.4M fee and 277,647 warrants.","Company subject to 45-day lock-up on further share issuances and registration statements post-closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":96773,"accession_number":"0001213900-26-043202","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2026-04-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Horizon Aircraft reports Q3 FY2026; cash $20M, Cavorite X7 prototype on track","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Cash position of $20M expected to fund development through fiscal 2027.","Full-scale Cavorite X7 assembly targeted by end of 2026; flight tests in early 2027.","Manufacturing partnerships with RAMPF Composite Solutions (fuselage) and North Aircraft Industries (wings).","Collaboration with MHIRJ, a Mitsubishi Heavy subsidiary, to accelerate Cavorite X7 production.","Validated projected operating cost of $0.97 per available seat mile vs legacy helicopters."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.64,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2026-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":110991,"accession_number":"0001213900-26-004156","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2026-01-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Horizon Aircraft Q2 update: Cavorite X7 prototype assembly on track for 2026, cash over $24M","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Cash on hand exceeds $24M; management says sufficient capital through 2026.","Awarded ~$10.5M non-dilutive INSAT grant for all-weather eVTOL project.","Engineering team doubled YoY; plans to double headcount again by end of 2026.","Full-scale Cavorite X7 prototype assembly expected in 2026, initial testing early 2027.","No revenue or net income figures provided; no GAAP earnings disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.49,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":127615,"accession_number":"0001213900-25-115105","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-11-26T23:59:59+00:00","items":["5.02","5.07","7.01","9.01"],"status":"ready","headline":"Horizon Aircraft appoints test pilot-astronaut Jameel Janjua to board; ESPP, auditor approved","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jameel Janjua, Virgin Galactic test pilot and former USAF Test Pilot School instructor, elected as Class II director.","Shareholders approved the Employee Stock Purchase Plan (ESPP) with 14,985,616 votes for.","MNP LLP ratified as auditor for fiscal year ending May 31, 2026 (23,164,500 votes for).","John Maris and Jameel Janjua elected with 15,082,875 and 15,045,752 votes for, respectively.","Quorum of 53.99% (23,407,298 shares represented) from 43,355,189 outstanding shares."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":127614,"accession_number":"0001213900-25-104674","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-10-31T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"New Horizon Aircraft boosts ATM offering capacity to $50M on Oct 31","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Increased maximum aggregate offering price under ATM Sales Agreement with JonesTrading to $50M of Class A ordinary shares.","$35.1M of Common Shares remain available for sale from and after October 31, 2025.","Filed a prospectus supplement and legal opinion of Gowling WLG (Canada) LLP as Exhibit 5.1.","ATM program provides at-the-market equity issuance flexibility for general corporate purposes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":127613,"accession_number":"0001213900-25-097943","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-10-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Horizon Aircraft progressing full-scale Cavorite X7 eVTOL; liquidity >18 months","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Full-scale hybrid eVTOL prototype under construction after successful fan-in-wing transition flight in May 2025; initial testing targeted in 18 months.","Q1 FY2026 technical milestones: platform architecture completed; main wing propulsion units fabricated and under active testing.","Company has more than 18 months of working capital, with streamlined operations and access to non-dilutive government funding.","Added world-class talent to engineering team; capital strategically allocated to strengthen engineering resources."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":162754,"accession_number":"0001213900-25-059095","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-06-27T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"New Horizon Aircraft increases ATM offering capacity by up to $16.5M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total potential ATM offering raised to $21.6M ($5.1M already sold + $16.5M new tranche).","Additional shares offered under Capital on Demand Sales Agreement with JonesTrading Institutional Services LLC.","Prospectus supplement filed June 27, 2025 for the increased offering.","Legal opinion from Gowling WLG (Canada) LLP filed as Exhibit 5.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":162753,"accession_number":"0001213900-25-058626","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-06-27T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"New Horizon Aircraft regains Nasdaq minimum bid compliance, matter closed","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received notice from Nasdaq on June 26, 2025 that it regained compliance with minimum bid requirement under Listing Rule 5550(a)(2).","The deficiency matter is now closed; no further action required by Nasdaq.","Company's common shares (HOVR) and warrants (HOVRW) continue trading on the Nasdaq Capital Market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":162752,"accession_number":"0001213900-25-043735","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Horizon Aircraft achieves stable forward flight transition of Cavorite X7 eVTOL prototype","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["First aircraft globally to achieve stable transition using novel fan-in-wing design.","Transition phase designed as a non-event with multiple layers of redundancy for safety.","Projected enroute speeds up to 250 mph and operational range over 500 miles with fuel reserves.","Full-scale piloted technical demonstrator currently under construction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":180718,"accession_number":"0001213900-25-017484","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-02-26T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"New Horizon Aircraft shareholders approve conversion of Series A Preferred Shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Special meeting held Feb 26, 2025; 39.3% of eligible votes represented, quorum achieved.","Conversion Proposal passed: 10,271,382 in favor, 331,441 against, 19,203 abstentions.","Approval relates to conversion of Series A Preferred Shares issued Dec 19, 2024, and issuance of Class A ordinary shares underlying them."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.15,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":180717,"accession_number":"0001213900-25-007097","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-01-27T23:59:59+00:00","items":["3.01","7.01","9.01"],"status":"ready","headline":"Nasdaq confirms Horizon Aircraft regained compliance with equity standard; gets extension for bid price rule","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq confirmed compliance with Equity Standard (Rule 5550(b)(1)) on Jan 24, 2025; listing continues on Nasdaq Capital Market.","Company received second 180-day period until July 14, 2025 to regain compliance with minimum $1.00 bid price requirement.","If bid price is at least $1.00 for 10 consecutive business days during extension, Nasdaq will confirm compliance.","Company subject to panel monitor for one year from Jan 24, 2025 under Nasdaq Rule 5815(d)(4)(B)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":180716,"accession_number":"0001213900-25-003914","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-01-15T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"New Horizon Aircraft provides pro forma balance sheet showing $7.5M equity to address Nasdaq deficiency","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Company raised ~$6.0M net from Canso Financing (4,166,667 shares at $0.36/share and 4,500 Series A preferred).","Pro forma stockholders' equity of approximately USD$7.5M as of Nov 30, 2024, above Nasdaq's $2.5M minimum Equity Standard.","Previously disclosed Nasdaq deficiency; Company awaiting confirmation of compliance with Equity Standard.","Also notes warrant exercises (2.5M warrants) between Dec 1, 2024 and filing date, impacting pro forma figures."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":180715,"accession_number":"0001213900-25-002849","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2025-01-13T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"New Horizon Aircraft amends subscription agreement to cap Series A Preferred conversion under Nasdaq Rule 5635","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment adds Exchange Cap prohibiting Common Share issuance upon conversion of Series A Preferred if it breaches Nasdaq Listing Rule 5635, pending shareholder approval.","Company must obtain Required Shareholder Approval within 60 days (by ~March 11, 2025) and hold additional meetings if first attempt fails.","Until approval, company cannot engage in change-of-control transactions (merger, asset sale, liquidation, or >50% voting acquisition) without Purchasers' consent.","Amendment dated January 10, 2025, between New Horizon and purchasers Canso Investment Counsel, Canso Select Opportunities, and GRIP Investments.","Original Subscription Agreement terms from December 18, 2024, remain unchanged except as modified by this amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":197556,"accession_number":"0001213900-24-111247","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-12-20T23:59:59+00:00","items":["1.01","3.02","5.03","5.07","7.01","9.01"],"status":"ready","headline":"Horizon Aircraft (HOVR) raises $8.4M via common & preferred shares from Canso-led group","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Sold 4,166,667 common shares at $0.36/share and 4,500 Series A preferred shares at $1,000/share for aggregate $8.4M.","Series A preferred shares convertible into common at ratio 1:2,222.2222, with priority liquidation preference over common.","Shareholders approved creation of preferred share class and amended articles at Dec 17, 2024 annual meeting.","Annual meeting results: Trisha Nomura and Jon Pinsent elected as Class I directors; MNP LLP ratified as auditor for FY2025.","Proceeds to fund development and flight testing of Cavorite X7 hybrid eVTOL aircraft."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":197555,"accession_number":"0001213900-24-095191","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"Horizon Aircraft terminates forward purchase agreement with Meteora; expects $20-25M gain","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Mutual termination of Forward Purchase Agreement with Meteora Capital; $200,000 cash termination fee paid.","Company to issue 200,000 shares if a resale registration statement is filed within 24 months.","Expects to record a gain of approximately $20-$25 million in Q2 ending November 30, 2024.","Termination removes SPAC overhang and simplifies capital structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":197554,"accession_number":"0001213900-24-088540","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-10-17T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"Nasdaq rejects New Horizon Aircraft's compliance plan; hearing requested","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Company failed net income standard ($500K) and alternative listing standards (market value $35M, equity $2.5M).","Nasdaq staff determined not to accept proposed compliance plan in current form on Oct 11, 2024.","Company requested hearing before Nasdaq Hearings Panel to appeal; no assurance plan will be accepted.","Class A ordinary shares (HOVR) and warrants (HOVRW) continue trading pending hearing outcome.","Delisting risk noted as materially adverse to capital raising and financial condition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":213782,"accession_number":"0001213900-24-076185","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-09-05T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"New Horizon Aircraft removes warrant anti-dilution provision for Nasdaq compliance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Warrants dated Aug 21, 2024 amended to delete Section 3(b), which adjusted exercise price on dilutive issuances.","Amendment intended to comply with Nasdaq listing requirements; no other warrant terms changed.","Warrant holders lose price protection on future below-market issuances of common shares or equivalents.","Amended warrants remain exercisable at $11.50 per share; all other rights unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":213781,"accession_number":"0001213900-24-075651","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-09-04T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"New Horizon Aircraft receives Nasdaq delisting notice for failing continued listing standards","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Received Nasdaq notice on Aug 28, 2024 for failing net income from continuing ops of $500k (Rule 5550(b)(3)).","Also fails alternative standards: market value of listed securities <$35M and stockholders' equity <$2.5M.","Must submit compliance plan by Oct 14, 2024; if accepted, Nasdaq may grant up to 180 days to comply.","If plan rejected, Company may appeal to a Hearings Panel under Nasdaq Listing Rule 5815(a).","Notice has no immediate effect on listing or trading of Class A ordinary shares; risks of delisting remain."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":213780,"accession_number":"0001213900-24-071471","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-08-21T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"New Horizon Aircraft closes $2.9M public offering of units at $0.50 per unit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Gross proceeds ~$2.9M from the offering, up to ~$7.25M if warrants exercised in full for cash.","Offering of 2,800,000 Class A ordinary shares with warrants and pre-funded warrants for 3,000,000 shares.","Warrants have exercise price $0.75 per share, pre-funded warrants $0.00001, both exercisable immediately.","EF Hutton LLC acted as sole book-running manager for the offering.","Offering closed on August 21, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":213779,"accession_number":"0001213900-24-070887","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"New Horizon Aircraft prices $2.9M public offering of units at $0.50/unit","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Offering consists of 5.8M units, each with one share (or pre-funded warrant) and one warrant; exercise price $0.75/share, 5-year expiry.","Gross proceeds ~$2.9M ($7.25M if warrants fully exercised in cash); expected to close August 21, 2024.","Net proceeds to fund working capital and general corporate purposes.","EF Hutton LLC is sole book-running manager; 90-day lock-up for directors and officers.","Registration statement on Form S-1 declared effective by SEC on August 19, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":213778,"accession_number":"0001213900-24-063591","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-07-23T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"New Horizon Aircraft receives Nasdaq bid price deficiency notice for HOVR shares","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notified company on July 19, 2024 that bid price closed below $1.00 for 30 consecutive business days.","Company has 180 calendar days (until January 15, 2025) to regain compliance by closing at $1.00+ for 10 consecutive days.","If not compliant by Jan 15, 2025, company may qualify for additional 180-day period if it meets other Nasdaq standards and intends reverse stock split.","No immediate delisting; shares continue trading on Nasdaq Capital Market under symbol HOVR.","Company expects to cure deficiency within the 180-day period but provides no assurance."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233005,"accession_number":"0001213900-24-041516","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-05-10T23:59:59+00:00","items":["8.01","7.01","9.01"],"status":"ready","headline":"Horizon Aircraft reports continued flight-test progress toward forward flight; full-scale Cavorite X7 on track for 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Flight-testing program approaching full transition to forward flight of large-scale prototype eVTOL aircraft.","Full-scale Cavorite X7 Hybrid eVTOL design on track for completion and testing in 2026.","Patent-pending yaw control system validated; full-scale propulsion unit production commenced.","Transitional flight tests on schedule to be completed by mid-summer.","Management to present at EF Hutton conference on May 15 and Aerospace Innovation Forum on May 21-22."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233002,"accession_number":"0001213900-24-035833","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K/A","filed_at":"2024-04-24T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"New Horizon Aircraft files 8-K/A with restated financials reclassifying deferred development costs to R&D","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filed Amendment No. 2 to 8-K from Jan 12, 2024; restating Legacy Horizon's financials.","Restatement reclassifies previously capitalized deferred development costs to operating R&D costs for FY ended May 31, 2023.","Restated audited financials for Robinson Aircraft Ltd. for years ended May 31, 2023 and 2022 attached as Exhibit 99.1.","No other amendments or updates; earlier filings remain unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233004,"accession_number":"0001213900-24-034684","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-04-22T23:59:59+00:00","items":["4.02","8.01","9.01"],"status":"ready","headline":"New Horizon Aircraft restates FY2023 financials; prior statements no longer reliable","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company reclassified deferred development costs to R&D expenses, prompting restatement of FY2023 financials.","Audit committee determined previously issued FY2023 audited and FY2024 interim statements are unreliable.","Restated FY2023 shows net loss of CAD $1.25M and accumulated deficit of CAD $6.5M; negative working capital CAD $1.24M.","Auditor notes substantial doubt about going concern due to expected continued losses and negative cash flows."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":233003,"accession_number":"0001213900-24-029470","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-04-03T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"New Horizon Aircraft dismisses Marcum LLP, appoints MNP LLP as auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Marcum LLP dismissed as independent auditor effective April 2, 2024; no disagreements or reportable events.","MNP LLP engaged as new auditor for fiscal year ending May 31, 2024, effective April 3, 2024.","Audit committee approved the change; prior audit reports were unqualified."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251167,"accession_number":"0001213900-24-015540","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"New Horizon Aircraft amends forward purchase agreement with Meteora, adding up to $5M prepayment shortfall and warrants","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment dated Feb 14, 2024 revises prepayment shortfall to 5.0% of product of Recycled Shares and Initial Price.","Company may request up to $5,000,000 via twenty $250,000 Additional Shortfall Requests, subject to equity conditions.","Seller may at its discretion request Shortfall Warrants for up to 10,000,000 shares or 19.99% of outstanding Class A ordinary shares.","New registration rights require HOVR to file resale registration statement within 30 days of seller request.","Company restricted from issuing or selling shares until Shortfall Sales equal total potential prepayment shortfall."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251165,"accession_number":"0001213900-24-012712","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K/A","filed_at":"2024-02-13T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Legacy Horizon reports C$1.2M net loss, C$1.2M working capital deficit for six months ended Nov 30, 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Net loss for six months ended Nov 30, 2023: C$1,156,232, vs C$534,916 loss in prior-year period.","No revenue; operating expenses of C$1,204,479 driven by R&D and professional fees.","Working capital deficit of C$1,209,609 as of Nov 30, 2023; accumulated deficit of C$6,707,364.","Cash increased to C$5.9M from C$228K, primarily from C$6.7M convertible notes issued in Oct 2023.","Management expresses substantial doubt about ability to continue as a going concern."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251166,"accession_number":"0001213900-24-004932","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-01-19T23:59:59+00:00","items":["1.01","2.01","9.01","5.02","3.02","3.03","5.01","5.03","5.06"],"status":"ready","headline":"New Horizon Aircraft completes de-SPAC merger with Pono Capital Three","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration ~$99M; issued 9.42M Class A shares to Horizon shareholders.","Pono shareholders redeemed 9.85M shares for ~$104.5M; trust account left ~$17.45M.","PIPE investor subscribed 200,000 shares at $2M; 754,013 incentive shares transferred.","Six-month lock-up on shares; early release if price >=$12 for 20 days after 150-day period.","Post-merger ownership: Sponsor 33%, former Horizon shareholders 51%, public ~10%, PIPE ~5%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251172,"accession_number":"0001213900-24-003533","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-01-16T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Horizon Aircraft signs $250M LOI with JetSetGo for 50 Cavorite X7 eVTOL aircraft","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["LOI with JetSetGo for 50 Cavorite X7 aircraft at ~$5M each, total $250M; option for 50 more ($500M).","JetSetGo is a leading regional air operator in India servicing multiple mission profiles.","Horizon Aircraft CEO: Cavorite X7 hybrid eVTOL needs no expensive charging infrastructure.","JetSetGo CEO Kanika Tekriwal: partnership will help usher in sustainable air travel in India."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251171,"accession_number":"0001213900-24-003211","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-01-12T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Horizon Aircraft closes SPAC merger with Pono Capital Three, to trade on Nasdaq Jan 16","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Business combination closed January 12, 2024; combined entity New Horizon Aircraft Ltd.","Common shares and warrants to trade on Nasdaq under HOVR and HOVRW starting Jan 16, 2024.","Founder and CEO Brandon Robinson and current management team continue to lead the company.","Company advances hybrid eVTOL aircraft Cavorite X7, citing deal resources to accelerate development."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251170,"accession_number":"0001213900-24-002880","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-01-11T23:59:59+00:00","items":["5.03","7.01","9.01"],"status":"ready","headline":"Pono Capital Three completes SPAC continuance; Horizon Aircraft merger closing Jan 12","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["SPAC continuance from Cayman Islands to British Columbia completed Jan 11, 2024, approved by board and shareholders on Jan 4.","Business combination with Horizon Aircraft expected to close Jan 12, 2024; company to rename to New Horizon Aircraft Ltd.","Class A ordinary shares to trade under new symbol HOVR and warrants under HOVRW starting Jan 16, 2024.","New CUSIP numbers: ordinary shares 64550A107, warrants 64550A115; pre-combination securities receive new CUSIPs as well."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251169,"accession_number":"0001213900-24-001308","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-01-05T23:59:59+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"Pono Capital Three shareholders approve Horizon Aircraft business combination; 99% of public shares redeemed","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Over 81.1% of outstanding shares voted to approve the business combination at Jan 4 meeting.","11.5M public shares (99%) redeemed, with ~$121.8M estimated to be removed from trust account ($10.62/share).","Post-closing company will be named New Horizon Aircraft Ltd., trading on Nasdaq under HOVR (stock) and HOVRW (warrants).","All six shareholder proposals were approved, including the SPAC continuance and Nasdaq listing proposals.","Closing expected after satisfaction of remaining conditions, including Nasdaq listing approval."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":251168,"accession_number":"0001213900-24-000818","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2024-01-03T23:59:59+00:00","items":["1.01","3.02","9.01"],"status":"ready","headline":"Pono Capital Three waives Horizon merger condition, secures $2M subscription for closing","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Waived equity financing closing condition in Business Combination Agreement with Horizon Aircraft.","Subscription Agreement for $2M (200k Class A shares at $10/share) to fund the merger.","Horizon agreed to transfer 330k Incentive Shares to subscriber, 470k to designees.","Shares issued unregistered under Section 4(a)(2)/Reg D; closing concurrent with merger.","Subscription closing contingent on substantially concurrent consummation of the business combination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":268752,"accession_number":"0001213900-23-090752","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2023-11-29T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Pono Capital Three furnishes investor presentation for merger with Horizon Aircraft (eVTOL)","summary_kind":"llm","event_type":"m_and_a","confidence":"low","bullets":["Investor presentation dated November 29, 2023 provided under Item 7.01 for the previously announced business combination with Robinson Aircraft Ltd. (Horizon Aircraft).","Presentation describes Horizon's Cavorite X7 eVTOL aircraft capabilities; no new deal terms or financials disclosed in the filing.","The business combination agreement was announced on August 15, 2023; the SPAC will redomesticate to British Columbia and amalgamate with Horizon.","Presentation contains forward-looking statements; actual results may differ materially due to certification, production, and market risks."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":285857,"accession_number":"0001493152-23-029339","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K/A","filed_at":"2023-08-17T23:59:59+00:00","items":["7.01","1.01","3.02","8.01","9.01"],"status":"ready","headline":"Pono Capital Three amends 8-K to add EF Hutton as Capital Markets Advisor for Horizon merger","summary_kind":"llm","event_type":"m_and_a","confidence":"medium","bullets":["Amendment corrects Aug 15 press release to include EF Hutton, a division of Benchmark Investments, as Capital Markets Advisor.","Business Combination Agreement with Horizon Aircraft values the target at $96M enterprise value.","Pono to redomesticate to British Columbia; Merger Sub will amalgamate with Horizon at closing.","Horizon stockholders subject to 6-month lock-up, early release if PTHR price >= $12 for 20 of 30 days after 150 days.","Closing conditions include minimum $5M net tangible assets and Nasdaq listing of shares issued as consideration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":285858,"accession_number":"0001493152-23-029037","cik":1930021,"company_name":"New Horizon Aircraft Ltd.","ticker":"HOVR","form_type":"8-K","filed_at":"2023-08-15T23:59:59+00:00","items":["1.01","3.02","7.01","8.01","9.01"],"status":"ready","headline":"Pono Capital Three signs definitive merger with Horizon Aircraft at $96M enterprise value","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Horizon shareholders receive ~$96M less closing net indebtedness in Pono Class A shares.","Pono to redomesticate to British Columbia; Merger Sub amalgamates with Horizon.","Closing conditions include minimum $5M net tangible assets, shareholder approvals, Nasdaq listing.","Horizon stockholders subject to 6-month lock-up, with early release if PTHR hits $12 for 20 days in 30.","Sponsor (Mehana Capital) and certain Horizon stockholders enter support/voting agreements in favor of deal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":124926840.88888887,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}