---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-053524"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:12:04.014355+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# New Horizon Aircraft raises ~$20M in registered direct offering of 9.25M shares at $2.15

## Summary
- Offering of 9,254,889 Class A ordinary shares at $2.15 per share for gross proceeds of ~$19.9M.
- Proceeds to fund development and buildout of Cavorite X7 hybrid-electric VTOL aircraft and working capital.
- Closing expected May 8, 2026; Titan Partners acted as sole placement agent for $1.4M fee and 277,647 warrants.
- Company subject to 45-day lock-up on further share issuances and registration statements post-closing.

## SEC filing metadata
- accession: 0001213900-26-053524
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390026053524/0001213900-26-053524-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390026053524/ea0289712-8k_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-053524
- JSON: https://secwatch.observer/filing/0001213900-26-053524.json
- Plain text: https://secwatch.observer/filing/0001213900-26-053524.txt

## Source-grounded claims
- claim_id: 4d23392b4ea4395cd0c826e6d20c5d6d41ae2c20
  claim: New Horizon Aircraft Ltd. entered into Purchase Agreements with certain institutional investors valued at aggregate gross proceeds ... of approximately $19.9 million (effective 2026-05-06).
  evidence_excerpt: On May 6, 2026, New Horizon Aircraft Ltd. (the “Company”) entered into Securities Purchase Agreements (the “Purchase Agreements”) with certain institutional investors, pursuant to which the Company agreed to sell and issue, in a registered direct offering (the “Offering”) an aggregate of 9,254,889 our Class A ordinary shares, without par value (the “Shares", and each Class A ordinary share with no par value in the authorized share structure of the Company, a “Common Share”). The offering price per Share is $2.15, for aggregate gross proceeds to the Company from the Offering of approximately $19.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1930021/000121390026053524/0001213900-26-053524-index.htm

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