{"filing":{"accession_number":"0001213900-26-061264","cik":"0001930021","ticker":"HOVRW","company_name":"New Horizon Aircraft Ltd.","form":"8-K","filing_date":"2026-05-27","report_date":null,"primary_document":"ea0292131-8k_newhorizon.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1930021/000121390026061264/ea0292131-8k_newhorizon.htm"},"events":[{"id":8783,"run_id":7710,"accession_number":"0001213900-26-061264","anchor_item_number":"1.01","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"New Horizon Aircraft entered into Securities Purchase Agreements on May 26, 2026, to sell 5,385,646 Class A ordinary shares and pre-funded warrants to purchase 4,574,514 additional shares for approximately $25.0 million in gross proceeds. The registered direct offering will result in substantial dilution to existing shareholders, with proceeds intended for Cavorite X7 prototype development and testing.","company_name":"New Horizon Aircraft Ltd.","ticker":"HOVRW","filing_date":"2026-05-27","form":"8-K","submitted_at":null,"items":[{"id":1975,"accession_number":"0001213900-26-061264","item_number":"1.01","item_title":"Entry into","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"New Horizon Aircraft entered into Securities Purchase Agreements on May 26, 2026, to sell 5,385,646 Class A ordinary shares and pre-funded warrants to purchase 4,574,514 additional shares for approximately $25.0 million in gross proceeds. This is a registered direct offering of equity securities that will result in substantial dilution to existing shareholders, as explicitly noted in the forward-looking statements section. The company intends to use proceeds to fund its Cavorite X7 prototype development and testing.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-28T02:34:46.458290+00:00","company_name":"","ticker":null,"filing_date":""},{"id":1976,"accession_number":"0001213900-26-061264","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses pricing of an \"Offering\" announced via press release on May 26, 2026. While the Item 7.01 disclosure itself is limited, the reference to an offering announcement and the Regulation FD safe-harbor language strongly suggest a capital raise. Given the ticker \"HOVRW\" (a warrant ticker) and the context of pricing an offering, this most likely represents a dilutive equity issuance. The materiality is high as offerings materially affect shareholder equity and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-28T02:34:46.458290+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":1975,"accession_number":"0001213900-26-061264","item_number":"1.01","item_title":"Entry into","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"New Horizon Aircraft entered into Securities Purchase Agreements on May 26, 2026, to sell 5,385,646 Class A ordinary shares and pre-funded warrants to purchase 4,574,514 additional shares for approximately $25.0 million in gross proceeds. This is a registered direct offering of equity securities that will result in substantial dilution to existing shareholders, as explicitly noted in the forward-looking statements section. The company intends to use proceeds to fund its Cavorite X7 prototype development and testing.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-28T02:34:46.458290+00:00","company_name":"New Horizon Aircraft Ltd.","ticker":"HOVRW","filing_date":"2026-05-27"},{"id":1976,"accession_number":"0001213900-26-061264","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses pricing of an \"Offering\" announced via press release on May 26, 2026. While the Item 7.01 disclosure itself is limited, the reference to an offering announcement and the Regulation FD safe-harbor language strongly suggest a capital raise. Given the ticker \"HOVRW\" (a warrant ticker) and the context of pricing an offering, this most likely represents a dilutive equity issuance. The materiality is high as offerings materially affect shareholder equity and capital structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-05-28T02:34:46.458290+00:00","company_name":"New Horizon Aircraft Ltd.","ticker":"HOVRW","filing_date":"2026-05-27"}]}