{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-111247","form_type":"8-K","ticker":"HOVR","cik":"0001930021","company_name":"New Horizon Aircraft Ltd.","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.363680+00:00","generated_at":"2026-05-29T00:33:51.591975+00:00","sec_items":["1.01","3.02","5.03","5.07","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Horizon Aircraft (HOVR) raises $8.4M via common & preferred shares from Canso-led group","bullets":["Sold 4,166,667 common shares at $0.36/share and 4,500 Series A preferred shares at $1,000/share for aggregate $8.4M.","Series A preferred shares convertible into common at ratio 1:2,222.2222, with priority liquidation preference over common.","Shareholders approved creation of preferred share class and amended articles at Dec 17, 2024 annual meeting.","Annual meeting results: Trisha Nomura and Jon Pinsent elected as Class I directors; MNP LLP ratified as auditor for FY2025.","Proceeds to fund development and flight testing of Cavorite X7 hybrid eVTOL aircraft."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-111247","json":"https://secwatch.observer/filing/0001213900-24-111247.json","markdown":"https://secwatch.observer/filing/0001213900-24-111247.md","text":"https://secwatch.observer/filing/0001213900-24-111247.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024111247/0001213900-24-111247-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024111247/ea0225132-8k_newhorizon.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T00:33:51.591975+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"afaa566e8695517b9c57e8b9e55ff91d36afc1bc","claim":"New Horizon Aircraft Ltd.: Amended Articles to attach special rights/restrictions to Common Shares and create Preferred Shares; subsequent amendment created Series A Preferred Shares (effective 2024-12-18).","evidence_excerpt":"to alter (the “First Alteration”) the Authorized Share Structure and Articles to: (1) create and attach to the Common Shares the special rights or restrictions summarized hereafter, and (2) create an unlimited number of preferred shares, issuable in series, and to attach special rights or restrictions as summarized hereafter (the “Preferred Shares”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1930021/000121390024111247/0001213900-24-111247-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-12-18"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}