New Horizon Aircraft Ltd.: insider trades · United States · SEC (Form 4)

About New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd. (NASDAQ: HOVR) is a U.S.-listed aerospace company traded on the NASDAQ market, with its operating footprint centered in Canada. For French-, Belgian- and Swiss-based investors, this is a highly speculative micro-cap growth story rather than a mature industrial platform. The company positions itself as Horizon Aircraft in its corporate communications and is developing the Cavorite X7, a hybrid-electric Vertical Take-Off and Landing (VTOL) aircraft intended to complete most of its mission in wing-borne flight rather than relying on vertical lift for the entire journey. Its business is therefore focused on a niche within advanced air mobility, combining aerospace engineering, propulsion innovation and certification-driven development risk. The company’s principal business address is in Lindsay, Ontario, Canada, which matters for investors who may assume that a NASDAQ listing implies a purely U.S.-based industrial footprint. New Horizon Aircraft was created to address emerging demand for advanced air mobility solutions, with a technical roadmap centered on the design, assembly and testing of a full-scale prototype. The company’s current efforts are concentrated on the Cavorite X7 program, which management describes as one of the first hybrid-electric VTOL aircraft of its kind. Its intended market applications are broad for an early-stage aerospace developer: medevac missions, firefighting, disaster relief, remote medical transport, military operations, followed by cargo transport, business travel and air-taxi services. That multi-use positioning is strategically important because it gives the platform a wider commercial opportunity set than a pure urban-air-mobility concept. From a competitive perspective, HOVR operates in a field populated by better-capitalized rivals and programs that are often further along in certification and industrialization. The company’s hybrid-electric approach and wing-borne flight profile may offer practical advantages versus designs that depend entirely on powered lift during the mission. However, the core investment case remains execution: turning a promising aircraft concept into a certifiable, manufacturable and commercially deployable product. In other words, the opportunity is real, but so are the technical, regulatory and capital-intensity risks. Recent company developments have been centered on progress and financing. In January 2026, Horizon Aircraft said it had made meaningful development advances on the full-scale Cavorite X7, with first prototype assembly expected in 2026 and initial testing targeted for early 2027. In May 2026, the company announced the closing of a registered direct offering that raised approximately $20 million in gross proceeds, with the funds intended to accelerate development of the Cavorite X7, support working capital and cover general corporate purposes. For investors, this underscores both momentum and dependence: New Horizon Aircraft remains a NASDAQ-listed, United States-accessible aerospace story whose valuation is likely to be driven by prototype milestones, certification progress, cash runway and the company’s ability to fund itself without excessive dilution.