secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001213900-24-111247
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Aircraft (HOVR) raises $8.4M via common & preferred shares from Canso-led group
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024111247/0001213900-24-111247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024111247/ea0225132-8k_newhorizon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-111247

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer