Horizon Aircraft prices USD 20 million follow-on share offering

PUBT·05/07/2026 04:27:11

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New Horizon Aircraft entered definitive agreement with institutional investors to sell 9,254,889 Class A Ordinary Shares in a follow-on offering.
Gross proceeds expected at about USD 20 million; closing targeted on or about May 8, 2026, subject to customary conditions.
Net proceeds earmarked to accelerate development and buildout of Cavorite X7 program, with remainder for working capital and general corporate purposes.
Titan Partners, division of American Capital Partners, acting as sole placement agent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Horizon Aircraft Ltd. published the original content used to generate this news brief on May 06, 2026, and is solely responsible for the information contained therein.

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