---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-095191"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:56:37.285899+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Horizon Aircraft terminates forward purchase agreement with Meteora; expects $20-25M gain

## Summary
- Mutual termination of Forward Purchase Agreement with Meteora Capital; $200,000 cash termination fee paid.
- Company to issue 200,000 shares if a resale registration statement is filed within 24 months.
- Expects to record a gain of approximately $20-$25 million in Q2 ending November 30, 2024.
- Termination removes SPAC overhang and simplifies capital structure.

## SEC filing metadata
- accession: 0001213900-24-095191
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390024095191/0001213900-24-095191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390024095191/ea0219968-8k_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-095191
- JSON: https://secwatch.observer/filing/0001213900-24-095191.json
- Plain text: https://secwatch.observer/filing/0001213900-24-095191.txt

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