New Horizon Aircraft Ltd. (HOVR) Form S-3 — Aug 28, 2026
New Horizon Aircraft Ltd. filed a Form S-3 universal shelf registration covering up to $200,000,000 of Class A ordinary shares, preferred shares, debt securities, warrants, rights and units. The filing also includes a sales agreement prospectus registering up to $50,000,000 of common shares for sale under its Capital on Demand Sales Agreement dated February 14, 2025 with JonesTrading Institutional Services LLC. New Horizon is an emerging growth company and smaller reporting company developing the Cavorite X7, a hybrid-electric seven-seat eVTOL aircraft targeting the regional air mobility market.
Key figures
- Shelf Capacity Usd
- 200000000
- Sales Agreement Date
- 2025-02-14
- Public Warrant Expiry
- 2029-01-12
- General Warrant Expiry
- 2029-08-21
- Rdo IPA Warrant Shares
- 277647
- Rdo II PAWarrant Shares
- 298805
- Public Warrant Exercise Price
- 11.5
- General Warrant Exercise Price
- 0.75
- Rdo IPA Warrant Exercise Price
- 2.47
- Atm Sales Agreement Capacity Usd
- 50000000
- Rdo II PAWarrant Exercise Price
- 2.89
- Pre Funded Warrant Exercise Price
- 0.001
- Common Shares Closing Price Aug27 2026
- 1.81
- Public Warrants Closing Price Aug27 2026
- 0.37
- Series APreferred Liquidation Preference Per Share
- 1000
- Business Combination Exchange Consideration Shares
- 9419084
Price after filing
Close on the filing date to close N calendar days later (from $1.81). Historical, not a forecast.
AI analysis
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