New Horizon Aircraft Ltd. Announces Pricing of $25 Million Offering of Common Shares

The offering was led by the Company's largest existing U.S. institutional shareholders TORONTO, ON / ACCESS Newswire / May 26, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced that it has entered into a definitive agreement with certain institutional investors for the purchase and sale of an aggregate of 9,960,160 Class A Ordinary Shares ("Common Shares") (or Common Share equivalents).