---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-071471"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2024-08-21T23:59:59+00:00"
generated_at: "2026-05-31T08:19:16.719148+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# New Horizon Aircraft closes $2.9M public offering of units at $0.50 per unit

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-071471
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2024-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390024071471/0001213900-24-071471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390024071471/ea0212027-8k_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-071471
- JSON: https://secwatch.observer/filing/0001213900-24-071471.json
- Plain text: https://secwatch.observer/filing/0001213900-24-071471.txt

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