New Horizon Aircraft Ltd.

Overview

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• TickerHOVR on Nasdaq¹
• IndustryAircraft¹
• HeadquartersLindsay, Canada¹
• Incorporated inBritish Columbia, Canada²
• Business address3187 Highway 35, Lindsay, A6 K9V 4R1²
• Filer category, Emerging growth company²

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Air Mobility TAM Update” report released in May 2021 (the “Morgan Stanley Report”).³ From its latest annual report

Corporate structure

New Horizon Aircraft Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What New Horizon Aircraft Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Horizon’s principal executive offices are located at 3187 Highway 35, Lindsay, Ontario, K9V 4R1. Horizon leases office space and an aircraft hangar in Lindsay, Ontario, which serves as the corporate headquarters, as well as office space and light composite manufacturing space in Haliburton Ontario and office space in Ottawa, Ontario. Horizon believes that these properties are sufficient for its business and operations as currently conducted. Horizon is currently exploring locations for future scalable manufacturing operations.

Item 2 of the 10-K filed Jul 16, 2026.³

Leadership

Who has led New Horizon Aircraft Ltd., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerBrian Frederick Merker Oct 16, 2025 to now⁶
• Chief executive officerEric Brandon Robinson Jan 22, 2024 to Oct 16, 2025⁷
• Chief executive officerDavin Kazama Feb 9, 2023 to Feb 9, 2023⁸
• Chief financial officerBrian Frederick Merker Jan 23, 2024 to now⁹
• Chief financial officerGary Miyashiro Feb 9, 2023 to Feb 9, 2023¹⁰

Former names

• Pono Capital Three, Inc.Nov 10, 2022 to Jan 16, 2024²

Timeline

1. Oct 9, 20268-K Results of operations²⁰
2. Sep 4, 20268-K Executive or director change; Regulation FD disclosure²¹
3. Jul 16, 20268-K Results of operations²²
4. May 28, 20268-K Regulation FD disclosure²³
5. May 27, 20268-K Entered a material agreement; Regulation FD disclosure²⁴
6. May 11, 20268-K Regulation FD disclosure²⁵
7. May 8, 20268-K Entered a material agreement; Regulation FD disclosure²⁶
8. Apr 14, 20268-K Results of operations²⁷
9. Jan 14, 20268-K Results of operations²⁸
10. Nov 26, 20258-K Executive or director change; Shareholder vote; Regulation FD disclosure²⁹
11. Oct 31, 20258-K Other events³⁰
12. Oct 16, 2025New chief executive Brian Frederick Merker becomes CEO⁶
13. Oct 10, 20258-K Results of operations³¹
14. Jan 22, 2024New chief executive Eric Brandon Robinson becomes CEO⁷
15. Feb 9, 2023New chief executive Davin Kazama becomes CEO⁸

Calendar

Coming up

1. Around Jan 2, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

1. Oct 9, 2026Reported quarterly or annual results²⁰
2. Jul 16, 2026Reported quarterly or annual results²²
3. Apr 14, 2026Reported quarterly or annual results²⁷
4. Jan 14, 2026Reported quarterly or annual results²⁸
5. Oct 10, 2025Reported quarterly or annual results³¹

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

280 filings to the SEC since October 2021: 6 annual reports, 11 quarterly reports, 45 major events, 91 insider forms, 20 large holders, 107 other. The latest 20:

1. Oct 9, 20268-K CURRENT REPORT EDGAR
2. Oct 9, 202610-Q QUARTERLY REPORT EDGAR
3. Sep 14, 20263 PRIMARY DOCUMENT EDGAR
4. Sep 4, 2026EFFECT EDGAR
5. Sep 4, 20268-K CURRENT REPORT EDGAR
6. Sep 4, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
7. Aug 28, 2026S-3 REGISTRATION STATEMENT EDGAR
8. Aug 14, 2026SCHEDULE 13G EDGAR
9. Aug 10, 2026SCHEDULE 13G/A EDGAR
10. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
11. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
12. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
13. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
14. Jul 16, 20268-K CURRENT REPORT EDGAR
15. Jul 16, 202610-K ANNUAL REPORT EDGAR
16. Jul 15, 20264 PRIMARY DOCUMENT EDGAR
17. Jul 15, 20264 PRIMARY DOCUMENT EDGAR
18. Jul 15, 20264 PRIMARY DOCUMENT EDGAR
19. Jul 15, 20264 PRIMARY DOCUMENT EDGAR
20. May 28, 2026SCHEDULE 13D/A EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

87 open-market trades by officers, directors and large owners since October 2021: 56 buys and 31 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Alyeska Investment Group, L.P.SCHEDULE 13G, 1 filing Aug 14, 2026³²
• Canso Investment Counsel Ltd.SCHEDULE 13G/A, 6 filings Nov 6, 2024 to Aug 10, 2026³³
• Dustin M. ShindoSCHEDULE 13D/A, 4 filings Jan 22, 2024 to May 28, 2026³⁴
• William George BrumderSCHEDULE 13G/A, 2 filings Jul 2, 2025 to Apr 21, 2026³⁵
• GRIP INVESTMENTS LTDSCHEDULE 13G/A, 2 filings Jan 6, 2025 to Jan 29, 2026³⁶
• METEORA CAPITAL, LLCSC 13G, 1 filing Feb 14, 2024³⁷
• Wealthspring Capital LLCSC 13G/A, 2 filings Mar 9, 2023 to Feb 8, 2024³⁸
• Space Summit Capital LLCSC 13G/A, 2 filings Mar 2, 2023 to Feb 5, 2024³⁹

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 32. Change is in shares since the quarter before.

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How New Horizon Aircraft Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARNew Horizon Aircraft Ltd.¹
• CIK0001930021
• Employer ID (EIN)98-1786743³
• Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company³
• Incorporated inBritish Columbia, Canada³
• Fiscal year endsMay 31¹
• Industry code (SIC)3721 Aircraft¹
• SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance¹
• Business address3187 Highway 35, Lindsay, A6 K9V 4R1¹
• Phone613-866-1935¹
• Shares outstanding67,123,941 as of Oct 9, 2026⁴¹
• Public float$72.5M as of Nov 28, 2025³
• AuditorMNP LLP, Toronto, Canada PCAOB ID 1930; no auditor attestation of internal control over financial reporting³
• On EDGAR sinceNov 10, 2022¹
• Filings280 in all: 4 (66), 8-K (42), CORRESP (20), 3 (17), 10-Q (11), 425 (10), UPLOAD (10), 424B3 (9)¹
  All 41 form types

  4/A (8), EFFECT (8), 424B5 (7), SCHEDULE 13G/A (7), S-1/A (6), 10-K (5), S-4/A (4), SC 13G (4), 8-K/A (3), DEF 14A (3), PRE 14A (3), S-1 (3), S-3 (3), S-8 (3), SCHEDULE 13G (3), 144 (2), 424B4 (2), ARS (2), NT 10-Q (2), POS EX (2), SC 13G/A (2), SCHEDULE 13D/A (2), 10-K/A (1), 25-NSE (1), 8-A12B (1), 8-A12B/A (1), CERT (1), POS AM (1), PRER14A (1), S-3/A (1), S-4 (1), SC 13D (1), SC 13D/A (1)

• Latest filingsAnnual report (10-K) Jul 16, 2026
  Quarterly report (10-Q) Oct 9, 2026
  Proxy statement (DEF 14A) Oct 27, 2025
  Latest 8-K (8-K) Oct 9, 2026

Securities registered for trading

From the cover page of the 10-K filed Jul 16, 2026 (Section 12(b) of the Exchange Act).³

Risk factors and legal proceedings

The risks New Horizon Aircraft Ltd. names in Item 1A of its 10-K filed Jul 16, 2026: 54 risks under these headings, as written.³

• All figures noted are in thousands of Canadian dollars unless noted otherwise.
• Risks Related to Our Business and Industry
• We have incurred losses and expect to incur significant expenses and continuing losses for the foreseeable future, and we may not achieve or maintain profitability.
• The eVTOL market may not continue to develop, eVTOL aircraft may not be adopted by the transportation market, eVTOL aircraft may not be certified by transportation and aviation authorities or eVTOL aircraft may not deliver the expected reduction in operating costs or time savings.
• The success of our business depends on the safety and positive perception of our aircraft, the establishment of strategic relationships, and of our ability to effectively market and sell aircraft that will be used in RAM services.
• We have a limited operating history and face significant challenges to develop, certify, and manufacture our aircraft. Our Cavorite X7 eVTOL aircraft remains in development, and we do not expect to deliver any aircraft until 2029, at the earliest, if at all.
• The RAM market for eVTOL passenger and goods transport services does not exist; whether and how it develops is based on assumptions, and the RAM market may not achieve the growth potential we expect or may grow more slowly than expected.
• We may be unable to adequately control the costs associated with our pre-launch operations, and our costs will continue to be significant after we commence operations.
• We are a relatively small company in comparison to current industry leaders in the RAM market. We may experience difficulties in managing our growth.
• Our forward-looking operating information and business plan forecast relies in large part upon assumptions and analyses that we have developed or obtained from respected third parties. If these assumptions or analyses prove to be incorrect, our actual operating results may be materially different from our forecasted results.
• We do not anticipate delivering our first Cavorite X7 eVTOL aircraft to customers until 2029 at the earliest, pending receipt of regulatory approval and certification. The aircraft remains in the detailed design and building phase and has yet to complete any flight testing or go through a certification process. Any delay in the design, production, or completion or requisite testing and certification, and any design changes that may be required to be implemented in order to receive certification, could adversely impact our business plan and strategic growth plan and our financial condition.
• Any delays in the development, certification, manufacture and commercialization of our Cavorite X7 aircraft and related technology, such as battery technology or electric motors, may adversely impact our business, financial condition and results of operations.

Legal proceedings

From time to time, we may become involved in legal proceedings relating to claims arising from the ordinary course of business. Our management believes that there are currently no claims or actions pending against us, the ultimate disposition of which could have a material adverse effect on our results of operations, financial condition or cash flows.

The opening of Item 3, Legal Proceedings.³