secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2026-05-11T12:34:26+00:00
Accession:  0001213900-26-054213
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Horizon Aircraft closes $20M offering of 9.25M common shares
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- Closed registered direct offering of 9,254,889 Class A Ordinary Shares for gross proceeds of $20M.
- Net proceeds to fund and accelerate development of Cavorite X7 hybrid-electric VTOL aircraft, plus working capital.
- Titan Partners acted as sole placement agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390026054213/0001213900-26-054213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390026054213/ea0290061-8k_newhorizon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-054213

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