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New Horizon Aircraft

HOVR

Market cap $113M

1.68 USD

+0.01

0.6%

At close Updated Sep 4, 4:00 PM EDT

Pre-market

After hours

1.68

0.00

0%

1 day

0.6%

5 days

-2.89%

1 month

-6.15%

3 months

-32.53%

6 months

-16%

Year to date

3.07%

1 year

4.35%

5 years

-83.55%

10 years

-83.55%

About: New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities, and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.

Employees: 58

Industrials Aerospace & Defense

News

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Sentiment 3-Months

Positive 10%

Neutral 90%

Negative 0%

Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair

Company to benefit from Hearne's 30 years of technology leadership, capital markets, and financial oversight experience as it advances the Cavorite X7 program TORONTO, ON / ACCESS Newswire / September 4, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (Nasdaq:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced the appointment of Tom Hearne to its Board of Directors (the "Board") and as Chair of the Board's Audit Committee, effective immediately.

Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair

Horizon Aircraft Advances All-Weather Certification Path with the Start of Ice Protection Technology Testing

Through its partnership with Cert Center Canada and anti-icing technologies developed by the University of Toronto, the Company progresses toward bringing an all-weather VTOL to market TORONTO, ON / ACCESS Newswire / September 1, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, continues to advance the all-weather certification pathway of its Cavorite X7 through the Company's ongoing partnership with Flight Centre of Excellence (dba Cert Center Canada,"3C") and anti-icing technologies being developed by the University of Toronto ("UofT").

Horizon Aircraft Advances All-Weather Certification Path with the Start of Ice Protection Technology Testing

Horizon Aircraft to Participate in August Investment Conferences

TORONTO, ON / ACCESS Newswire / July 30, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, announces that management will participate in the following August investment conferences: Event: Canaccord Genuity 46th Annual Growth Conference Date: August 11-13, 2026 Location: Boston, MA Event Link: https://www.canaccordgenuity.com/capital-markets/events-and-conferences/46th-annual-growth-conference/ Management will sit for a fireside chat on August 11 at 1:00pm and will be available for 1x1 meetings throughout the conference.

Horizon Aircraft to Participate in August Investment Conferences

Horizon Aircraft Secures LOI with V-Star Powered Lift Aviation for the Purchase of Up to 100 Hybrid eVTOLs for $600 Million

V-Star's addition of Cavorite X7 hybrid-electric VTOLs to its fleet will deliver faster, more affordable emergency air response across Australia FARNBOROUGH, GB / ACCESS Newswire / July 21, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced it has signed a Letter of Intent ("LOI") with V-Star Powered Lift Aviation Pty Ltd.

Horizon Aircraft Secures LOI with V-Star Powered Lift Aviation for the Purchase of Up to 100 Hybrid eVTOLs for $600 Million

New Horizon Aircraft Q4 Earnings Call Highlights

New Horizon Aircraft NASDAQ: HOVR said it ended fiscal 2026 with its strongest balance sheet to date and is moving from technology validation toward full-scale construction of its Cavorite X7 hybrid electric vertical takeoff and landing aircraft.

New Horizon Aircraft Q4 Earnings Call Highlights

Horizon Aircraft Reports Fiscal 2026 Fourth Quarter Results, Strengthens Balance Sheet to $78.3 Million, and Advances Full-Scale Cavorite X7 Development

TORONTO, ON / ACCESS Newswire / July 16, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today reported its financial and operational results for the fourth quarter of fiscal 2026 ending May 31, 2026.

Horizon Aircraft Reports Fiscal 2026 Fourth Quarter Results, Strengthens Balance Sheet to $78.3 Million, and Advances Full-Scale Cavorite X7 Development

Horizon Aircraft Selects BETA Technologies Advanced Flight Control Computers and Software for the Cavorite X7

BETA's advanced flight controls system will provide maximum precision, stability, safety and efficiency for Horizon Aircraft's Cavorite X7 hybrid-electric VTOL aircraft TORONTO, ON AND SOUTH BURLINGTON, VT / ACCESS Newswire / July 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) today announced that it has selected BETA Technologies, Inc. (BETA) (NYSE:BETA), an aerospace and defense company to supply its advanced flight control computers on the Company's full-scale hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, the Cavorite X7.

Horizon Aircraft Selects BETA Technologies Advanced Flight Control Computers and Software for the Cavorite X7

Horizon Aircraft to Report Fourth Quarter 2026 Results and Provide a Business Update on July 16, 2026

Company Invites Investors to Submit Questions to be Answered on the Webcasted Earnings Call TORONTO, ON / ACCESS Newswire / June 30, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that it will release its financial results for the fiscal fourth quarter of 2026 on Thursday, July 16, 2026, before market open.

Horizon Aircraft to Report Fourth Quarter 2026 Results and Provide a Business Update on July 16, 2026

Horizon Aircraft's Leadership Team to Participate at Farnborough International Airshow 2026

TORONTO, ON / ACCESS Newswire / June 25, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces its participation in the Farnborough International Airshow 2026, one of the world's premier aerospace and defence events.

Horizon Aircraft's Leadership Team to Participate at Farnborough International Airshow 2026

Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace

Global aviation engineering and defense expert Marshall Aerospace supports Horizon Aircraft's hybrid eVTOL development and certification process TORONTO, ON / ACCESS Newswire / June 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that global partner Marshall Aerospace ("Marshall") has successfully completed a flight dynamics and control model to support the development and certification of the Company's hybrid-electric vertical takeoff and landing (VTOL) aircraft, the Cavorite X7.

Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace

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