---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-002849"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2025-01-13T23:59:59+00:00"
generated_at: "2026-05-28T04:00:18.337857+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# New Horizon Aircraft amends subscription agreement to cap Series A Preferred conversion under Nasdaq Rule 5635

## Summary
- Amendment adds Exchange Cap prohibiting Common Share issuance upon conversion of Series A Preferred if it breaches Nasdaq Listing Rule 5635, pending shareholder approval.
- Company must obtain Required Shareholder Approval within 60 days (by ~March 11, 2025) and hold additional meetings if first attempt fails.
- Until approval, company cannot engage in change-of-control transactions (merger, asset sale, liquidation, or >50% voting acquisition) without Purchasers' consent.
- Amendment dated January 10, 2025, between New Horizon and purchasers Canso Investment Counsel, Canso Select Opportunities, and GRIP Investments.
- Original Subscription Agreement terms from December 18, 2024, remain unchanged except as modified by this amendment.

## SEC filing metadata
- accession: 0001213900-25-002849
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2025-01-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390025002849/0001213900-25-002849-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390025002849/ea0227424-8k_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-002849
- JSON: https://secwatch.observer/filing/0001213900-25-002849.json
- Plain text: https://secwatch.observer/filing/0001213900-25-002849.txt

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