---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-012712"
form_type: "8-K/A"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:49:34.065255+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-012712
- form_type: 8-K/A
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390024012712/0001213900-24-012712-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390024012712/ea192960-8ka1_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-012712
- JSON: https://secwatch.observer/filing/0001213900-24-012712.json
- Plain text: https://secwatch.observer/filing/0001213900-24-012712.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.