other material
confidence low
sentiment negative
materiality 0.60
New Horizon Aircraft files 8-K/A with restated financials reclassifying deferred development costs to R&D
New Horizon Aircraft Ltd.
- 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.