New Horizon Aircraft

Horizon Aircraft announced the completion of a six-degrees-of-freedom flight-dynamics and control model for the hybrid-electric VTOL Cavorite X7, after which the stock rose about 2.2% in premarket trading. Marshall Aerospace delivered the model and analyzed aerodynamic, propulsion- and mass-related effects to support the safety-critical control system. The model is intended to make the aircraft’s response to control inputs predictable and to advance the X7’s development and certification process. » More on de.investing.com

Horizon Aircraft completed a registered direct placement of 9,960,160 Class-A common shares and raised approximately $25 million before offering expenses. The shares were sold to the same institutional investors that participated in the May 8, 2026 offering. The company intends to use the net proceeds to finish the Cavorite X7 prototype and for testing, certification and preparation for serial production. The placement was made under a shelf registration (Form S-3) and Titan Partners acted as sole placement agent. » More on de.investing.com

New Horizon Aircraft has entered into a binding agreement to sell 9,254,889 Class A common shares, which are expected to generate gross proceeds of roughly $20 million before expenses and are anticipated to close on Friday. The company intends to use the net proceeds to further develop its VTOL program Cavorite X7, for working capital and for general corporate purposes. Horizon reports a debt-free balance sheet and a current ratio of 14.81; the stock is up 91% year-to-date and is currently rated overvalued by InvestingPro. » More on de.investing.com