HOVRW

New Horizon Aircraft Ltd. develops hybrid electric Vertical Takeoff and Landing (eVTOL) aircraft designed to transform regional transportation. Headquartered in Toronto, Canada, the company focuses on creating efficient aircraft that combine helicopter-like vertical takeoff capabilities with the speed and range of traditional airplanes. The company's flagship product, the Cavorite X7, represents a distinctive approach to eVTOL design, utilizing a patented wing system that transitions between hovering and forward flight. Unlike competitors pursuing pure electric propulsion, New Horizon employs a hybrid-electric model to extend range and payload capacity beyond current battery limitations. The company targets the regional air mobility market, positioning its technology for applications including cargo delivery, medical transport, and passenger services across distances of 300 to 500 miles. New Horizon operates as a development-stage aerospace company, conducting flight testing and working toward commercial certification. The firm has demonstrated scaled prototypes and continues refining its full-scale aircraft design. As a publicly traded entity, HOVRW represents the warrant security associated with New Horizon Aircraft, giving holders the right to purchase common shares at a predetermined price. The company competes in the rapidly evolving advanced air mobility sector alongside numerous well-funded eVTOL developers, though its hybrid-electric approach differentiates it from battery-only competitors in the regional transportation segment.