HOVR news

Horizon Aircraft reported a first fiscal 2027 quarter with about $70 million in cash, sufficient to fund operations for 24 months. The company continues to advance the Cavorite X7 full-scale demonstrator program, having signed letters of intent totaling over US$1 billion in potential sales.

Horizon Aircraft reported fiscal 2026 fourth quarter results and $78.3 million in cash to support development. The company continues to advance its full-scale Cavorite X7 demonstrator and secured strategic flight control partnerships.

New Horizon Aircraft Ltd. completed a registered direct offering of 9.96M common shares for $25M gross proceeds to fund Cavorite X7 prototype completion and certification. The capital raise supports the aerospace company's hybrid-electric VTOL aircraft development program targeting commercial produc…