secwatch.observer — SEC 8-K summary
======================================

Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001213900-26-053524
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390026053524/0001213900-26-053524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390026053524/ea0289712-8k_newhorizon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-053524

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