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New Horizon Aircraft Ltd.

corporate_fare Company Profile

New Horizon Aircraft Ltd.

HOVR·NASDAQ·Industrial Applications And Services·CIK 0001930021

New Horizon Aircraft Ltd. is an advanced aerospace Original Equipment Manufacturer (OEM) that designs and builds a next-generation hybrid-electric Vertical Takeoff and Landing (eVTOL) aircraft for the Regional Air Mobility (RAM) market. The company's aircraft is designed to transport people and goods regionally, covering distances from 50 to 500 miles. It also aims to connect remote communities and assist in responding to climate-related natural disasters like wildfires, floods, and droughts. The primary product is the Cavorite X7, a hybrid-electric 7-seat aircraft. This aircraft can take off and land vertically, similar to a helicopter. However, for most of its flight, the Cavorite X7 operates in a configuration resembling a traditional airplane, enabling it to fly faster, farther, and more efficiently than a conventional helicopter. The Cavorite X7 is expected to achieve speeds exceeding 250 miles per hour and a range over 500 miles. The Cavorite X7's design incorporates the company's patented fan-in-wing technology, known as the "Horizon Omni-modal Vertical (HOVR) Wing" or "HOVR Wing." This technology has undergone development and testing over several years. Unlike many competitors in the Advanced Air Mobility (AAM) industry that use open rotor designs, the HOVR Wing utilizes a series of ducted electric fans positioned inside the wings to generate vertical lift. After a vertical takeoff, the aircraft accelerates forward. The AAM market, which includes eVTOL aircraft, is projected by Morgan Stanley to reach $USD 1 trillion (base case) by 2040 and $USD 9 trillion by 2050.

New Horizon Aircraft Ltd. (NASDAQ:HOVR) is a publicly traded company in the Industrial Applications And Services sector. Wiseek monitors HOVR SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • Horizon Aircraft Signs $600M LOI for 100 Hybrid eVTOLs with V-Star
  • Horizon Aircraft Boosts Cash to $78.3M, Targets Q1 2027 for Full-Scale eVTOL Prototype
  • Horizon Aircraft Reports Fiscal 2026 Results, $78.3M Cash Runway, and Full-Scale Prototype Progress
  • New Horizon Aircraft 10-K: $33.1M Loss, Going Concern Doubt, Cash Runway Through Mid-2027
  • Significant Shareholder Dustin Shindo Reduces Stake Below 5% Amidst Company Dilution

Financial Snapshot

Fiscal year ended May 31, 2026
Net Income
-$33.1M
Diluted EPS
-$0.77
Op. Cash Flow
-$16.49M
Free Cash Flow
-$17.46M
Operating Income
-$23.47M
Cash & Equivalents
$78.28M
Debt / Equity
0.00×
Shares Outstanding
43.05M sh
Source: 10-K · filed 2026-07-16 · accession 0001213900-26-078490

Dilution Risk

Low risk

Filing-implied dilution signals for HOVR, detected from its recent SEC filings · based on capital-structure filings through 2026-05-28.

1 recent capital raise

New $25 Million Offering Priced · Deep Discount Pricing

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$1.73 -0.02% today
52-week range · as of 2026-07-16 $1.16 – $4.18
Market cap
$116.95M
Volume
822.6K (0.6× avg)
3-mo avg 1.3M
Live data · 2026-07-29 11:27 UTC · Pre-market

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feed HOVR - Latest Insights

HOVR
Jul 21, 2026, 4:00 AM EDT
Source: Reuters
Importance Score:
9
Price at Filing: $1.73
Real-time Price: $1.73 info
Change: $0 (0%) info
Market Cap: $116.945M info
HOVR
Jul 16, 2026, 8:23 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $1.84
Real-time Price: $1.73 info
Change: -$0.110 (-6%) info
Market Cap: $116.945M info
HOVR
Jul 16, 2026, 8:17 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $1.84
Real-time Price: $1.73 info
Change: -$0.110 (-6%) info
Market Cap: $116.945M info
HOVR
Jul 16, 2026, 6:47 AM EDT
Filing Type: 10-K
Importance Score:
9
Price at Filing: $1.79
Real-time Price: $1.73 info
Change: -$0.0587 (-3%) info
Market Cap: $116.945M info
HOVR
May 28, 2026, 8:39 AM EDT
Filing Type: SCHEDULE 13D/A
Importance Score:
7
Price at Filing: $2.86
Real-time Price: $1.73 info
Change: -$1.13 (-40%) info
Market Cap: $116.945M info
HOVR
May 28, 2026, 6:13 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $2.90
Real-time Price: $1.73 info
Change: -$1.17 (-40%) info
Market Cap: $116.945M info
HOVR
May 27, 2026, 9:43 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $2.90
Real-time Price: $1.73 info
Change: -$1.17 (-40%) info
Market Cap: $116.945M info
HOVR
May 27, 2026, 5:43 PM EDT
Source: ACCESS Newswire
Importance Score:
8
Price at Filing: $2.87
Real-time Price: $1.73 info
Change: -$1.14 (-40%) info
Market Cap: $116.945M info
HOVR
May 27, 2026, 9:03 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $3.01
Real-time Price: $1.73 info
Change: -$1.28 (-43%) info
Market Cap: $116.945M info
HOVR
May 27, 2026, 8:57 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $3.02
Real-time Price: $1.73 info
Change: -$1.29 (-43%) info
Market Cap: $116.945M info
HOVR
May 27, 2026, 8:40 AM EDT
Filing Type: 424B5
Importance Score:
9
Price at Filing: $3.00
Real-time Price: $1.73 info
Change: -$1.27 (-42%) info
Market Cap: $116.945M info
HOVR
May 26, 2026, 3:40 PM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $2.98
Real-time Price: $1.73 info
Change: -$1.25 (-42%) info
Market Cap: $116.945M info
HOVR
May 26, 2026, 11:40 AM EDT
Source: ACCESS Newswire
Importance Score:
8
Price at Filing: $3.48
Real-time Price: $1.73 info
Change: -$1.75 (-50%) info
Market Cap: $116.945M info
HOVR
May 21, 2026, 8:00 AM EDT
Source: ACCESS Newswire
Importance Score:
8
Price at Filing: $2.45
Real-time Price: $1.73 info
Change: -$0.720 (-29%) info
Market Cap: $116.945M info
HOVR
May 11, 2026, 8:34 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $2.38
Real-time Price: $1.73 info
Change: -$0.6502 (-27%) info
Market Cap: $116.945M info
HOVR
May 07, 2026, 9:37 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $2.29
Real-time Price: $1.73 info
Change: -$0.560 (-24%) info
Market Cap: $116.945M info
HOVR
May 07, 2026, 9:31 PM EDT
Filing Type: 424B5
Importance Score:
8
Price at Filing: $2.29
Real-time Price: $1.73 info
Change: -$0.560 (-24%) info
Market Cap: $116.945M info
HOVR
May 06, 2026, 11:40 PM EDT
Source: Access Newswire
Importance Score:
8
Price at Filing: $2.70
Real-time Price: $1.73 info
Change: -$0.970 (-36%) info
Market Cap: $116.945M info
HOVR
Apr 14, 2026, 7:05 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $1.57
Real-time Price: $1.73 info
Change: +$0.160 (+10%) info
Market Cap: $116.945M info
HOVR
Apr 14, 2026, 7:00 AM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $1.67
Real-time Price: $1.73 info
Change: +$0.0603 (+4%) info
Market Cap: $116.945M info