other material
confidence high
sentiment neutral
materiality 0.65
New Horizon Aircraft closes $25M registered direct offering of common shares
New Horizon Aircraft Ltd.
- Gross proceeds ~$25M; 9.96M common shares (or equivalents) sold to same institutional investors as May 8 offering.
- Net proceeds to fund completion of Cavorite X7 prototype and advance toward testing and certification.
- Titan Partners (American Capital Partners) acted as sole placement agent.