Added to YB: 2026-06-01
Pitch date: 2026-05-28
HOVR [neutral]
New Horizon Aircraft Ltd.
Author Info
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Company Info
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States.
Market Cap
$242.2M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-10.22
P/E
-4.60
EV/Sales
N/A
Sector
Aerospace and Defense
Category
special_situation
New Horizon Aircraft - Second Raise in Three Weeks
HOVR (update): Raised $25M May 26 (20 days after $20M raise), stock +27% on news vs typical dilution hit. Market views as validation; led by largest US holders, ~half as pre-funded warrants allowing insider buys above ownership caps. Proceeds contractually locked to fund X7 prototype completion thru testing/cert. Board includes 3 flight test/cert experts. ~66M shares fully diluted, ~$180M mkt cap, no revenue. Cert spending >> prototype costs, more raises inevitable.
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