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Stock impact report

Horizon Aircraft Provides Corporate Update

New Horizon Aircraft Ltd. - Class A Ordinary Shares (HOVR) 
Company Research Source: GlobeNewswire
~ Substantive Progress in the Transition to Forward Flight Test Program of the Company’s Large-Scale Prototype eVTOL Aircraft ~ ~ Continuing Detailed Design of the Full-Scale Cavorite X7 Hybrid eVTOL Aircraft, on Track for Completion and Testing in 2026 ~ ~ Successful Completion of the Business Combination in January 2024 that Provided Proceeds to Continue Hybrid eVTOL Development ~ TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, today is publishing a comprehensive Company update. Brandon Robinson, Chairman and Chief Executive Officer of Horizon commented, “Horizon had a tremendous start to 2024. After successfully completing our business combination, we were able to continue making significant technical progress on our unique hybrid electric eVTOL development program.” Mr Show less Read more
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