New Horizon Aircraft Ltd.

HOVR

CA64550A1075

Aerospace & Defense

End-of-day quote Nasdaq Other stock markets 03:30:00 31/05/2024 am IST			5-day change	1st Jan Change
0.795 ^USD	-6.48%		-23.56%	-90.44%

08/05	New Horizon Aircraft Ltd. Provides Update on Technical Flight Testing Progress	CI
22/04	New Horizon Aircraft Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024	CI

New Horizon Aircraft Ltd. Announces Restatement of the Financial Statements for the Year Ended May 31, 2023 and 2022

April 22, 2024 at 06:19 pm IST

New Horizon Aircraft Ltd. announced restatement of the financial statements for the year ended May 31, 2023 and 2022. For the year 2023, the company restated operating loss of CAD 1,463,295, Net loss of CAD 1,246,899 and Net Loss per share of CAD 0.17.

For the year 2022, the company restated operating loss of CAD 1,866,944, net loss of CAD 1,739,122, Net Loss per share of CAD 0.33.

Latest news about New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd. Provides Update on Technical Flight Testing Progress	08/05	CI
New Horizon Aircraft Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2024	22/04	CI
New Horizon Aircraft Ltd. Announces Restatement of the Financial Statements for the Year Ended May 31, 2023 and 2022	22/04	CI
Top Premarket Decliners	21/02	MT
New Horizon Aircraft Ltd. has filed an IPO in the amount of $253.181919 million.	14/02	CI
New Horizon Aircraft Ltd.(NasdaqCM:HOVR) added to NASDAQ Composite Index	16/01	CI
Pono Capital Three, Inc. announced that it expects to receive $2 million in funding from New Horizon Aircraft Ltd.	27/12	CI

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Company Profile

New Horizon Aircraft Ltd. is a Canada-based advanced aerospace engineering company. The Company is engaged in developing hybrid Electric Vertical Takeoff and Landing (eVTOL) aircraft. The Companyâs Cavorite X7 prototype can take off vertically, but once in flight its patented HOVR wing system reverts to the configuration of a conventional airplane. It operates with up to 30% less hydrocarbon emissions. It is designed to operate in bad weather, with flight in known icing conditions. It is designed with 14 redundant lift fans in hover, through which multiple failures can be tolerated. The Company's Cavorite X7 range opens up a wide spectrum of uses, such as critical medical supplies to remote areas, delivery of supplies and rescue of people from post-hurricane zones, business travel/inter-city and regional shuttle, transportation to underserved remote regions, evacuation, and special events control.

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Aerospace & Defense

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Sector Commercial Aircraft Manufacturing

	1st Jan change	Capi.
NEW HORIZON AIRCRAFT LTD.	-90.44%	14.49M
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