---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-061264"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2026-05-27T12:57:03+00:00"
generated_at: "2026-05-27T13:00:19.286451+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# New Horizon Aircraft raises $25M in registered direct offering for Cavorite X7 prototype funding

## Summary
- Gross proceeds ~$25M from sale of 9,960,160 Class A ordinary shares (or equivalents) at $2.51/share.
- Pre-funded warrants for 4,574,514 shares at $0.001 exercise price; closing expected May 27, 2026.
- Net proceeds to fully fund completion of Cavorite X7 hybrid-electric VTOL prototype and advance toward testing/certification.
- Offering led by largest existing U.S. institutional shareholders; Titan Partners sole placement agent (7% fee).
- Company locked from issuing additional common shares or equivalents for 45 days post-closing.

## SEC filing metadata
- accession: 0001213900-26-061264
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2026-05-27T12:57:03+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390026061264/0001213900-26-061264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390026061264/ea0292131-8k_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-061264
- JSON: https://secwatch.observer/filing/0001213900-26-061264.json
- Plain text: https://secwatch.observer/filing/0001213900-26-061264.txt

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