Horizon Aircraft progressing full-scale Cavorite X7 eVTOL; liquidity >18 months

New Horizon Aircraft Ltd.

Full-scale hybrid eVTOL prototype under construction after successful fan-in-wing transition flight in May 2025; initial testing targeted in 18 months.
Q1 FY2026 technical milestones: platform architecture completed; main wing propulsion units fabricated and under active testing.
Company has more than 18 months of working capital, with streamlined operations and access to non-dilutive government funding.
Added world-class talent to engineering team; capital strategically allocated to strengthen engineering resources.

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