. . Horizon Aircraft to Participate in the LD Micro Main Event XVII Investor Conference October 16, 2024 4:15 PM EDT | Source: LD Micro Toronto, Ontario--(Newsfile Corp. - October 16, 2024) - New Horizon Aircraft Ltd. (NASDAQ: HOVR), 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 participate in the LD Micro Main Event XVII Investor Conference, being held on October 28- ...

TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), 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's management team will present the Company's hybrid eVTOL, the Cavorite X7, in th ...

TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), 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 ...

TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of the world's first eVTOL (electric Vertical Take-Off and Landing) that can fly most of its mission exactly like a normal aircraft, today announces that Tom Brassington has been appointed as Chief Technology Officer. Tom is the latest in a series of new hires as Horizon Aircraft continues to bolster ...

TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), 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 c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended May 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41607 NEW HORIZON AIRCRAFT LTD. (Exact name of registrant as specified in its charter) | --- | |-------| | | | | | | | | | | | | | | | | | ...

Core Insights - Horizon Aircraft has published research indicating a growing interest in small-cap and micro-cap stocks among fund managers, with expectations of increased allocations from both institutional and retail investors over the next year [1][2][5]. Group 1: Fund Manager Insights - A global study involving small and micro-cap fund managers with a total of $82.4 billion in assets under management found that 76% anticipate increased exposure to small and micro-caps from institutional investors in the next six to twelve months [2]. - Among fund managers, 34% believe that allocations to small and micro-caps could increase by 25% or more [2]. - 83% of fund manager respondents expect retail investors to increase their allocation to small and micro-caps, with 52% believing that this allocation could rise by more than 25% [3]. Group 2: Current Exposure Levels - One-third of fund managers describe the current exposure from institutional investors to small and micro-caps as underweight, with 21% indicating "slightly underweight" and 11% "extremely underweight" [4]. - The current level of exposure to small-caps is described as overweight by 4%, while for micro-caps, it is overweight by 23% [4]. - Retail investors are also seen as underweight in their allocations to small-caps and micro-caps, with 32% and 27% respectively, while 17% and 13% are considered overweight [4]. Group 3: Economic Context and Company Developments - The CEO of Horizon Aircraft noted that anticipated interest rate cuts and improving market conditions are likely to drive increased allocations to small and micro-cap stocks [5]. - Small and micro-cap companies are viewed as having higher growth potential compared to large-cap companies due to their smaller revenue bases and agility [6]. - Horizon Aircraft is developing the Cavorite X7, a hybrid eVTOL aircraft, which is expected to excel in various applications such as medical evacuation and disaster relief, with a gross weight of approximately 5,500 lbs and a maximum speed of 250 miles per hour [6][10].

New Horizon Aircraft (NASDAQ:HOVR) stock is falling on Wednesday after the aerospace original equipment manufacturer company's shares underwent a rally yesterday. The news that sent HOVR stock flying higher yesterday is its plans to attend the Farnborough International Airshow 2024. This is set to take place from July 22 to July 26 at the Farnborough International Exhibition & Conference Centre in Farnborough, England. Considering the rally of HOVR stock yesterday, it makes sense it would give up some of th ...

TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), 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 ...

TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), 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 ...