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New Horizon Aircraft Ltd. 8-K Report: Key Insights on Class A Shares & Warrants

$HOVR
Form 8-K
Filed on: 2025-01-15
Source
New Horizon Aircraft Ltd. 8-K Report: Key Insights on Class A Shares & Warrants

Based on the provided financial report excerpt, here are the key insights and information:

  1. Entity Information:
  • Name: New Horizon Aircraft Ltd.
  • CIK (Central Index Key): 0001930021
  • Address: 3187 Highway 35, Lindsay, ON K9V 4R1, Canada
  • Phone: 613-866-1935
  • SEC File Number: 001-41607
  • Tax ID: 98-1786743
  1. Report Type:
  • The document is an 8-K filing, indicating it is a report of unscheduled material events or corporate changes.
  1. Date of Filing:
  • The filing was made on January 15, 2025.
  1. Securities Information:
  • Class of Shares: Class A Ordinary Shares, no par value.
  • Ticker Symbol for Class A Ordinary Shares: HOVR (NASDAQ).
  • Warrants: The company has issued warrants, each whole warrant is exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share.
  • Ticker Symbol for Warrants: HOVRW (NASDAQ).
  1. Financial Measures:
  • The report includes dimensions related to stock classes, specifically mentioning:
    • Ordinary Shares: Class Ordinary Share No Par Value.
    • Warrants: Each whole warrant is exercisable for one Class Ordinary Share.
  1. Context Period:
  • The report covers a single day, January 15, 2025.
  1. Financial Units:
  • The reporting units include USD for monetary values and shares for the warrants.

Summary Insight: New Horizon Aircraft Ltd. has filed an 8-K report detailing its Class A Ordinary Shares and associated warrants. The warrants have an exercisable price set at $11.50, indicating a potential future equity raise. The report is relevant for investors considering the liquidity and investment options available in the company's shares and warrants.