New Horizon Aircraft closes USD 20 million common share offering

PUBT·05/11/2026 12:01:04

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New Horizon Aircraft closed a registered direct follow-on offering of 9,254,889 Class A Ordinary Shares for gross proceeds of about USD 20 million.
Net proceeds earmarked to accelerate development and buildout of Cavorite X7 hybrid-electric VTOL aircraft program, with remainder for working capital and general corporate purposes.
Titan Partners acted as sole placement agent for offering.

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 via ACCESS Newswire (Ref. ID: 202605110800ACCESSWRNAPR_____1165641) on May 11, 2026, and is solely responsible for the information contained therein.

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