New Horizon Aircraft Ltd (HOVR) News

HOVR................................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

Horizon Aircraft Secures $8.4 Million Strategic Investment
~ Deepens Investor’s Dedication to Horizon Aircraft Supporting Continued Operations and Development ~

TORONTO, Dec. 20, 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 it has received an investment from a strategic investor (the “Investor”) and aerospace supporter, for aggregate proceeds of $8.4 million (the “Investment”). The strategic financing will fortify Horizon Aircraft’s balance sheet, provide stability in the operations, governance and regulatory priorities, and fund further development and flight testing of its hybrid eVTOL, the Cavorite X7.

Brandon Robinson, Chief Executive Officer and Co-Founder of Horizon Aircraft commented, "We are deeply appreciative for this second investment from our strategic partner. The principle’s continued support through this second tranche of funding provides our business with a solid working capital position in support of our initiatives. With this commitment Horizon Aircraft is on solid footing, and our focus is on the development of our full-scale hybrid eVTOL."

Under the terms of the Investment, the Investor will receive an aggregate $2.1 million in Horizon Class A ordinary shares totaling 4,166,667 shares offered at $0.50 CAD per share to be issued from treasury (the “Common Shares”). Additionally, the Investor will exchange $6.3 million for 4,500 preferred shares to be issued from treasury (the “Preferred Shares”), each will be convertible to Common Shares at a price of $0.63 CAD per share for a period of five (5) years. The Preferred Shares shall have a priority liquidation preference over the Common Shares. The Company shall register the Common Shares with the United States Securities and Exchange Commission as soon as practically possible, but no later than 90 calendar days from filing.

HOVR..........................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

HOVR 91C

HOVR 80C HITTING

HOVR MASSIVE GAP UP

HOVR A DOLLA COMING

HOVR...............................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

Scans show that DDAmanda was early to the run............

Z

You’re late again. Better revamp that platform you use or try a more efficient version

HOVR.............................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

$HOVR - Gain: 57% #DDAmanda Video Analysis - #1 Stock Screener / Scanner

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Z

HOVR HERE WE GO

HOVR READY FOR 57C

HOVR: Is a stunning run-up from here surprisingly 'HOVR'ing' overhead right now?? (I grabbed 'Lotto Ticket' on this one, awhile back today; all puns intended.)

HOVR SPAC OVERHANG GONE...GET READY TO RUMBLE

HOVR...........................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

HOVR 1.20 MAGNET UP A HEAD

HOVR GAPPING HARD OFF ACHR RUN

She is running hot!

HOVR FRIDAY AH LOAD!!

HOVR.........................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

HOVR will be in Japan Oct 16-19. E.R. Hutton has a buy rating. Price target $2. I'm in!!!

HOVR new 52 week low

Horizon Aircraft Begins Full-Scale Development of eVTOL Aircraft, Accelerates Flight Tests, and Expands World-Class Team

Going to HOVR over a Dollar soon !!

Above .80 will squeeze

HOVR......................................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

HOVR..IN PLAY TO A DOLLA

HOVR new 52 week low

HOVR new 52 week low

HOVR.....................................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

Whoops, I did it, again

HOVR new 52 week low

HOVR: This stock was HOVR'ing at circa 78%-UP at Close of the Post-M this past Friday.
https://marketchameleon.com/Reports/AfterHoursTrading

She be running!

DOWN 6% TODAY, EXPECTING LOWER

$$$HOVR$$$ Presenting at 2 pm PT Tues., 19th.

HOVR........................................................................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

$$$HOVR$$$ Conference is Mon & Tues. Boom. $$$

$$$HOVR$$$ Fly baby Fly!!! $$$

$$$HOVR$$$ Fly like an Eagle! $$$

$$$HOVR$$$ Roth Conference this Monday & Tuesday. KaBOOOM!!!

$$$HOVR$$$ Ready for takeoff $$$

$$$HOVR$$$ Vertical Hybrid takeoff & landing black beauty. $$$

$$$HOVR$$$ Roth Conference 1 week away. $$$

HOVR........................................https://stockcharts.com/h-sc/ui?s=HOVR&p=W&b=5&g=0&id=p86431144783

HOVR..READY TO FLY LIKJE A 747!!

$$$HOVR$$$ Grabbed a starter. $$$

HOVR...HERE WE GO...3 DOLLA BREAK!!