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- Going Concern (new) — The company explicitly states substantial doubt about its ability to continue as a going concern beyond 12 months without additional capital.
New Horizon Aircraft prices $23.2M offering of 5.39M shares at $2.51 plus pre-funded warrants
Filed May 27, 2026 · ~1 min read
Key Changes
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Offering of 5,385,646 common shares at $2.51 and pre-funded warrants for 4,574,514 shares at $2.509 each, raising about $23.2M before expenses.
The Offering verify on EDGAR → -
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Net proceeds to the company are approximately $23.125M, earmarked to fully fund the Cavorite X7 prototype through testing, certification, and commercial production.
Use of Proceeds verify on EDGAR → -
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New investors face immediate dilution of $1.66 per share, as pro forma net tangible book value after the offering is $0.85 per share.
Dilution verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify