New Horizon Aircraft Ltd. 8K

New Horizon Aircraft Ltd. reported fiscal 2026 Q4 results, emphasizing a strong cash position, advancement of its full-scale Cavorite X7 VTOL program through key partnerships, and expansion of its engineering and leadership teams.

On July 16, 2026, New Horizon Aircraft Ltd. (NASDAQ: HOVR) issued a press release announcing its fiscal 2026 fourth quarter results for the period ended May 31, 2026, highlighting a strengthened balance sheet with $78.3 million in cash providing over 24 months of liquidity, continued progress on development of its full-scale Cavorite X7 hybrid-electric VTOL prototype targeted for initial testing in early calendar 2027, new technical and manufacturing partnerships including use of BETA Technologies’ fly‑by‑wire flight control computers and structures work by RAMPF Composite Solutions and North Aircraft Industries, and expansion of its leadership and engineering organization, including the appointment of Richard Alexander as Chief Engineer of Certified Programs and planned headcount growth from 56 to over 100 by summer 2027, along with details of a webcasted earnings call to discuss results and provide a business update.

Filing Facts

CIK

1930021

Ticker

-

Form

8K

Source Type

sec

Accession

0001213900-26-078500

Alert Tier

6