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

Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2026-05-28T01:43:31+00:00
Accession:  0001213900-26-061690
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Horizon Aircraft closes $25M registered direct offering of common shares
----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390026061690/0001213900-26-061690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390026061690/ea0292408-8k_newhorizon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-061690

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