New Horizon Aircraft Ltd. $HOVR
Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.
Snapshot
- Exchange
- Nasdaq Capital Market
- Sector
- Aircraft
- Headquarters
- Lindsay, Ontario, Canada
- Fiscal year end
- May 31
- Shares outstanding
- 67,123,941 [10-Q 2026-10-09]
What the company doesAI summary of filing
New Horizon Aircraft Ltd. is an aerospace manufacturer designing and developing the Cavorite X7, a hybrid-electric vertical takeoff and landing (eVTOL) aircraft intended for the regional air mobility market, which serves distances between 50 and 500 miles. The company generates no material revenue from aircraft sales, as it is in the pre-revenue development stage and cannot deliver commercially produced aircraft until obtaining type certification from Transport Canada Civil Aviation (TCCA), a process expected to take several years and targeted for completion prior to 2030. The company's business model is based on manufacturing and selling the Cavorite X7 aircraft for civilian and military use, and potentially licensing its proprietary fan-in-wing technology (HOVR Wing) to third parties. To date, the company has built and tested a 50-percent scale prototype and is currently constructing a full-scale technical demonstrator aircraft; it has also received government grants exceeding CAD 12 million and holds 31 issued and allowed patents protecting its core technologies. [10-K 2026-07-16]
Financial health
| Period | Revenue | Net income | Operating cash flow | Cash | Filing |
|---|---|---|---|---|---|
| 9 months to Feb 2024 | — | −$6.46M | −$760.0K | $4.42M | [10-Q 2024-04-22] |
| FY ended Dec 2023 | — | $8.61M | −$2.12M | $16.1K | [10-K 2024-03-28] |
- Quarterly cash burn
- −$253.3K
Capital structure and dilution
| Date | Shares outstanding | Filing |
|---|---|---|
| 2025-01-13 | 31,230,914 | [10-Q 2025-01-14] |
| 2025-04-14 | 31,385,147 | [10-Q 2025-04-14] |
| 2025-08-21 | 39,210,651 | [10-K 2025-08-22] |
| 2025-10-10 | 40,967,563 | [10-Q 2025-10-10] |
| 2026-01-14 | 44,252,749 | [10-Q 2026-01-14] |
| 2026-04-14 | 45,263,348 | [10-Q 2026-04-14] |
| 2026-07-16 | 66,825,837 | [10-K 2026-07-16] |
| 2026-10-09 | 67,123,941 | [10-Q 2026-10-09] |
- Shelf registration
- S-3 filed 2026-08-28; declared effective 2026-09-04 [S-3 2026-08-28]
Listing status
Current status: 2 Form 8-K Item 3.01 filing(s) in the last 24 months, most recent 2025-01-27. Item 3.01 covers delisting notices, failures to meet a listing rule and listing transfers; read the filing for which one.
| Date | Event | Details | Deadline | Filing |
|---|---|---|---|---|
| 2025-01-27 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2025-01-27] |
| 2024-10-17 | 8-K Item 3.01 | Notice of delisting or failure to satisfy a continued listing rule or standard; or transfer of listing | — | [8-K 2024-10-17] |
Who owns it
| Date | Insider | Type | Shares | Price | Filing |
|---|---|---|---|---|---|
| 2026-08-04 | Janjua Jameel | grant | 14,145 | — | [4 2026-08-06] |
| 2026-08-04 | Maris John Michael | grant | 7,388 | — | [4 2026-08-06] |
| 2026-08-04 | Pinsent John Harold Charles | grant | 9,614 | — | [4 2026-08-06] |
| 2026-08-04 | Nomura Trisha | grant | 15,210 | — | [4 2026-08-06] |
| 2026-05-26 | Lee Stewart Murray | exercise | 103,734 | — | [4 2026-07-15] |
| 2026-05-26 | Lee Stewart Murray | other | 26,047 | $3.68 | [4 2026-07-15] |
| 2026-05-26 | O'Neill Jason Michael | exercise | 103,734 | — | [4 2026-07-15] |
| 2026-05-26 | O'Neill Jason Michael | other | 30,782 | $3.68 | [4 2026-07-15] |
| 2026-05-26 | Merker Brian Frederick | exercise | 129,668 | — | [4 2026-07-15] |
| 2026-05-26 | Merker Brian Frederick | other | 38,478 | $3.68 | [4 2026-07-15] |
| 2026-05-26 | Robinson Eric Brandon | exercise | 207,468 | — | [4 2026-07-15] |
| 2026-05-26 | Robinson Eric Brandon | other | 52,093 | $3.68 | [4 2026-07-15] |
Catalysts and calendar
| Date | Type | Title |
|---|---|---|
| 2026-10-09 | 8-K | Results of operations |
| 2026-10-09 | 10-Q | Quarterly report |
| 2026-09-04 | 8-K | Director or officer change; Regulation FD disclosure |
| 2026-09-04 | 424B5 | Prospectus or prospectus supplement |
| 2026-08-28 | S-3 | Registration statement |
| 2026-08-14 | 13G | Beneficial ownership report (5%+ holder) |
| 2026-08-10 | 13G/A | Beneficial ownership report (5%+ holder) |
| 2026-07-16 | 8-K | Results of operations |
| 2026-07-16 | 10-K | Annual report |
| 2026-05-28 | 13D/A | Beneficial ownership report (5%+ holder) |
| 2026-05-28 | 8-K | Regulation FD disclosure |
| 2026-05-27 | 8-K | Material agreement entered; Regulation FD disclosure |
Alerts for $HOVR
Email me when New Horizon Aircraft Ltd. files an offering, gets a deficiency notice, or moves sharply.
Facts as of . Small caps move fast; check the latest filings.