Horizon Aircraft Announces $25 Million Share Offering

New Horizon Aircraft Ltd., a leading aerospace company, announced a definitive agreement with institutional investors for purchasing 9,960,160 Class A Ordinary Shares, expected to yield $25 million in gross proceeds before expenses. The offering, led by Titan Partners, will close by May 27, 2026, pending customary conditions.

The proceeds aim to fully fund the Cavorite X7 prototype, advancing it toward testing, certification, and commercial production. CEO Brandon Robinson highlighted the continued support from institutional investors and the strategic significance of this financing.

The shares are offered under a registration statement filed with the SEC. The offering includes a prospectus available on the SEC's website. This does not constitute an offer to sell in jurisdictions where registration or qualification of such securities is required.