New Horizon Aircraft Announces Closing of $2.9 Million Public Offering
Public Offering Details: New Horizon Aircraft Ltd. closed a public offering of 2,800,000 Class A ordinary shares and accompanying warrants, raising approximately $2.9 million, with potential total proceeds of up to $7.25 million if all warrants are exercised.
Company Overview: Horizon Aircraft is developing a hybrid eVTOL aircraft, the Cavorite X7, aiming for quick testing and certification to serve various early use cases in the aerospace industry.
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New Horizon Aircraft Set to Attend Upcoming Conferences
Upcoming Conferences: Horizon Aircraft will participate in several conferences in September 2025, including the Gabelli Aerospace & Defense Symposium and the Deutsche Bank Aviation Forum, both on September 4.
Investor Engagement: Management will engage in fireside chats and one-on-one investor meetings at these events, providing opportunities for investors to connect with the company.
Panel Discussion: At the Rare Earth Mines, Magnets and Motors 2025 event on September 23-24, Horizon Aircraft will participate in a panel discussion and showcase its large-scale prototype.
Company Overview: Horizon Aircraft is developing a hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, focusing on safety, performance, and utility, with plans for testing and certification of its Cavorite X7 model.
Horizon Aircraft Shares Business Update Alongside Q4 and Full Year 2025 Results
Company Overview: Horizon Aircraft is an advanced aerospace engineering company developing one of the world's first hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, known as the Cavorite X7.
Recent Achievements: The company successfully conducted a fan-in-wing forward transition flight with its large-scale prototype in May 2025, marking a significant milestone in eVTOL technology.
Financial Position: Horizon Aircraft reported a strong balance sheet with over 18 months of liquidity and approximately $17 million in cash to support the completion of its full-scale demonstrator aircraft within the next 18 months.
Talent Acquisition and Funding: The company has strengthened its engineering team with new hires and secured significant non-dilutive funding commitments from government agencies to aid in its commercialization efforts.
Horizon Aircraft Regains Compliance with Nasdaq Capital Market Listing Requirements
Compliance with Nasdaq: Horizon Aircraft has regained compliance with the Nasdaq Capital Market's minimum bid requirement, closing the matter as confirmed by The Nasdaq Stock Market.
Company Overview: Horizon Aircraft is developing a hybrid eVTOL aircraft, the Cavorite X7, focusing on safety, performance, and utility, with plans for testing, certification, and scaling production for various markets.
Horizon Aircraft Partners with Renowned Designer Andrea Mocellin to Shape the Future of Air Mobility
Partnership Announcement: Horizon Aircraft has partnered with renowned designer Andrea Mocellin to enhance the design and aesthetics of its Cavorite X7 hybrid-electric eVTOL aircraft, aiming for a blend of advanced technology and iconic visual appeal.
Aircraft Development Goals: The collaboration focuses on refining the aircraft's exterior and interior design to optimize performance, safety, and user experience, reinforcing Horizon Aircraft's commitment to innovation in sustainable air mobility.
Horizon Aircraft to Participate in Jefferies eVTOL/AAM Summit
Company Announcement: Horizon Aircraft will present at the Jefferies eVTOL/AAM Summit on May 28, 2025, showcasing its hybrid eVTOL aircraft and offering one-on-one meetings for investors.
Future Developments: The company aims to complete testing and certification of its Cavorite X7 eVTOL, focusing on safety, performance, and meeting demand from various sectors including regional operators and military customers.
Horizon Aircraft Welcomes Former Rolls-Royce Propulsion Expert Justin Chapman as Senior Technical Advisor
New Appointment: Horizon Aircraft has appointed Justin Chapman as a senior advisor to enhance the technical development of their hybrid eVTOL aircraft, the Cavorite X7, leveraging his extensive experience in aerospace engineering and electric propulsion systems.
Company Goals: Horizon Aircraft aims to quickly complete testing and certification of the Cavorite X7, focusing on delivering a safe, reliable, and innovative aircraft designed for real-world performance and operational utility.
New Horizon Aircraft Set to Attend Upcoming Conferences
Upcoming Conferences: Horizon Aircraft will participate in several conferences in September 2025, including the Gabelli Aerospace & Defense Symposium and the Deutsche Bank Aviation Forum, both on September 4.
Investor Engagement: Management will engage in fireside chats and one-on-one investor meetings at these events, providing opportunities for investors to connect with the company.
Panel Discussion: At the Rare Earth Mines, Magnets and Motors 2025 event on September 23-24, Horizon Aircraft will participate in a panel discussion and showcase its large-scale prototype.
Company Overview: Horizon Aircraft is developing a hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, focusing on safety, performance, and utility, with plans for testing and certification of its Cavorite X7 model.
Horizon Aircraft Shares Business Update Alongside Q4 and Full Year 2025 Results
Company Overview: Horizon Aircraft is an advanced aerospace engineering company developing one of the world's first hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, known as the Cavorite X7.
Recent Achievements: The company successfully conducted a fan-in-wing forward transition flight with its large-scale prototype in May 2025, marking a significant milestone in eVTOL technology.
Financial Position: Horizon Aircraft reported a strong balance sheet with over 18 months of liquidity and approximately $17 million in cash to support the completion of its full-scale demonstrator aircraft within the next 18 months.
Talent Acquisition and Funding: The company has strengthened its engineering team with new hires and secured significant non-dilutive funding commitments from government agencies to aid in its commercialization efforts.
Horizon Aircraft Regains Compliance with Nasdaq Capital Market Listing Requirements
Compliance with Nasdaq: Horizon Aircraft has regained compliance with the Nasdaq Capital Market's minimum bid requirement, closing the matter as confirmed by The Nasdaq Stock Market.
Company Overview: Horizon Aircraft is developing a hybrid eVTOL aircraft, the Cavorite X7, focusing on safety, performance, and utility, with plans for testing, certification, and scaling production for various markets.
Horizon Aircraft Partners with Renowned Designer Andrea Mocellin to Shape the Future of Air Mobility
Partnership Announcement: Horizon Aircraft has partnered with renowned designer Andrea Mocellin to enhance the design and aesthetics of its Cavorite X7 hybrid-electric eVTOL aircraft, aiming for a blend of advanced technology and iconic visual appeal.
Aircraft Development Goals: The collaboration focuses on refining the aircraft's exterior and interior design to optimize performance, safety, and user experience, reinforcing Horizon Aircraft's commitment to innovation in sustainable air mobility.
Horizon Aircraft to Participate in Jefferies eVTOL/AAM Summit
Company Announcement: Horizon Aircraft will present at the Jefferies eVTOL/AAM Summit on May 28, 2025, showcasing its hybrid eVTOL aircraft and offering one-on-one meetings for investors.
Future Developments: The company aims to complete testing and certification of its Cavorite X7 eVTOL, focusing on safety, performance, and meeting demand from various sectors including regional operators and military customers.
Horizon Aircraft Welcomes Former Rolls-Royce Propulsion Expert Justin Chapman as Senior Technical Advisor
New Appointment: Horizon Aircraft has appointed Justin Chapman as a senior advisor to enhance the technical development of their hybrid eVTOL aircraft, the Cavorite X7, leveraging his extensive experience in aerospace engineering and electric propulsion systems.
Company Goals: Horizon Aircraft aims to quickly complete testing and certification of the Cavorite X7, focusing on delivering a safe, reliable, and innovative aircraft designed for real-world performance and operational utility.
