secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001213900-24-071471
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024071471/0001213900-24-071471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024071471/ea0212027-8k_newhorizon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-071471

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