Horizon Aircraft Bolsters Cavorite X7 Development with Top Propulsion ExpertJohn Wyzykowski joins from Lilium, bringing significant eVTOL technical experience
Horizon Aircraft Secures $8.4 Million Strategic Investment~ Deepens Investor’s Dedication to Horizon Aircraft Supporting Continued Operations and Development ~
Horizon Aircraft to Participate in the 13th Annual Roth Technology ConferenceTORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (
NASDAQHOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that Brandon Robinson, CEO, and Jason O’Neill, COO, will participate in the 13th Annual Roth Technology Conference being held November 19 - 20, 2024, at the Hard Rock Hotel in New York City. Horizon Aircraft’s management team will conduct one-on-one and small group meetings on Wednesday, November 20.
Horizon Aircraft to Exhibit Hybrid eVTOL at the Japan International Aerospace Exhibition 2024TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (
NASDAQHOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that it will attend the Japan International Aerospace Exhibition 2024 (“JA2024”) being held October 16 to 19, 2024 in Tokyo, Japan at the Tokyo Big Site.
Horizon Aircraft Positioned for Increased Investment as a Small-Cap Stock with its Disruptive Aerospace TechnologyTORONTO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (
NASDAQHOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), the advanced aerospace engineering company and developer of an electric Vertical Take-Off and Landing (eVTOL) aircraft, has commissioned a study that indicates a strong return by investors to small and micro-cap companies with unique and sustainable technologies may be imminent.
New Horizon Aircraft Announces Closing of $2.9 Million Public OfferingTORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (
NASDAQHOVR), today closed its previously announced underwritten public offering of (i) 2,800,000 of its Class A ordinary shares, no par value per share, and accompanying warrants to purchase up to 2,800,000 of its Class A ordinary shares, and (ii) to certain investors, pre-funded warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares. Each Class A ordinary share and accompanying warrant are being sold together at a combined public offering price of $0.50, and each pre-funded warrant and accompanying warrant are being sold together at a combined public offering price of $0.50. Each Warrant will have an exercise price $0.75 per share, be exercisable immediately upon issuance and expire five years from the date of issuance. Each pre-funded warrant will have an exercise price of $0.00001 per share and will be exercisable immediately after the original issue date until the pre-funded warrant is exercised in full. The gross proceeds to Horizon Aircraft from the offering, before deducting the underwriting discounts and other offering expenses, are approximately $2.9 million, assuming no exercise of warrants, and up to approximately $7.25 million, assuming the warrants are exercised in full for cash.
Horizon Aircraft Appoints Tom Brassington as Chief Technology OfficerTom Brassington joins from Lilium, bringing significant eVTOL industry experience
New Horizon Aircraft Announces Pricing of $2.9 Million Public OfferingTORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (
NASDAQHOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, today announced the pricing of an underwritten public offering of (i) 2,800,000 of its Class A ordinary shares, no par value per share, and accompanying warrants to purchase up to 2,800,000 of its Class A ordinary shares, and (ii) to certain investors, pre-funded warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares. Each Class A ordinary share and accompanying warrant are being sold together at a combined public offering price of $0.50, and each pre-funded warrant and accompanying warrant are being sold together at a combined public offering price of $0.50. Each Warrant will have an exercise price $0.75 per share, be exercisable immediately upon issuance and expire five years from the date of issuance. Each pre-funded warrant will have an exercise price of $0.00001 per share and will be exercisable immediately after the original issue date until the pre-funded warrant is exercised in full. The gross proceeds to Horizon Aircraft from the offering, before deducting the underwriting discounts and other offering expenses, are expected to be approximately $2.9 million, assuming no exercise of warrants, and up to approximately $7.25 million, assuming the warrants are exercised in full for cash. The offering is expected to close on August 21, 2024, subject to customary closing conditions.
Horizon Aircraft to Attend the Farnborough International Airshow 2024TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (
NASDAQHOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that it will attend the Farnborough International Airshow 2024 being held July 22-26, 2024 in Farnborough, England at the Farnborough International Exhibition & Conference Centre. The leading international aerospace and defense industry event features five days of unrivalled opportunities to discover the latest pioneering technology and engineering, announce historic partnerships, and collaboratively work towards the cumulative sustainable aerospace vision.
Horizon Aircraft Appoints Phil Kelly as Senior Vice President Business DevelopmentPhil Kelly is a Harrier Jump Jet Pilot and Former Head of Aircraft Development for the UK Royal Navy and Royal Marines
Horizon Aircraft Announces Participation in the 2nd Annual Jefferies eVTOL / AAM SummitTORONTO, May 23, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (
NASDAQHOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that the Company will participate in a virtual fireside chat during the Jefferies eVTOL / AAM Summit on Thursday, May 30, 2024 at 9:10am Eastern Time.
Horizon Aircraft Provides Update on Technical Flight Testing Progress~ Continued Flight-Testing Progress Approaching Full Transition to Forward Flight of the Company’s Large-Scale Prototype eVTOL Aircraft ~
Horizon Aircraft Provides Corporate Update~ Substantive Progress in the Transition to Forward Flight Test Program of the Company’s Large-Scale Prototype eVTOL Aircraft ~
Japanese Investors Believe Increased Global Urbanisation is Set to Fuel Growth in eVTOL Sector65% of Japanese professional investors believe the need to address transportation issues amidst increasing urban populations will be a key driver of eVTOL market growth
Horizon Aircraft to Participate in the 36th Annual Roth Conference on March 18 and 19, 2024TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (
NASDAQHOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today the Company is scheduled to participate in the 36th Annual Roth Conference being held on Monday, March 18th and Tuesday, March 19th at the Ritz Carlton Laguna Niguel in Dana Point, CA.
Major Investors Expect First Commercial eVTOL Passenger Routes to be Operational by 2026Professional investors worldwide predict the first eVTOL commercial passenger routes to be operational by 2026
Horizon Aircraft to Ring the Nasdaq Closing Bell on Thursday, January 25, 2024 to Commemorate Public ListingTORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (
NASDAQHOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, today announced the Company will ring the Nasdaq Closing Bell in Times Square, New York on Thursday, January 25, 2024, in celebration of Horizon Aircraft’s recent listing on the Nasdaq Stock Exchange.
