Legacy Horizon reports C$1.2M net loss, C$1.2M working capital deficit for six months ended Nov 30, 2023

New Horizon Aircraft Ltd.

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.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.