What changed in HOVR's 10-K

As of August 21, 2025, there were 39,210,651 of the registrant’s Class A ordinary shares, issued and outstanding.

As of July 16, 2026, there were 66,825,837 of the registrant’s Class A ordinary shares, issued and outstanding.

The aggregate market value of voting stock held by non-affiliates of the Registrant on November 30 2024, based on the closing price of $0.67 for shares of the Registrant’s Class A ordinary shares as reported by The Nasdaq Global Market, was approximately USD $14,218,259.

The aggregate market value of voting stock held by non-affiliates of the Registrant on November 28, 2025, based on the closing price of $1.65 for shares of the Registrant’s Class A ordinary shares as reported by The Nasdaq Global Market, was approximately $USD 72,477,248.

We do not anticipate delivering our first Cavorite X7 eVTOL aircraft to customers until sometime prior to 2030 at the earliest, pending receipt of regulatory approval and certification.

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.

We expect the rate at which we incur losses will be significantly higher in fiscal 2026 and beyond as we engage in the following activities:

We expect the rate at which we incur losses will be significantly higher in fiscal 2027 and beyond as we engage in the following activities:

the development of the Regional Air Mobility market and customer demand for our aircraft;

the development of the RAM market and customer demand for our aircraft;

continuing to design and build our Cavorite X7 hybrid eVTOL aircraft with the goal of having such aircraft certified and ultimately produced;

continuing to build our Cavorite X7 hybrid eVTOL aircraft with the goal of having such aircraft certified and ultimately produced;

Various statements in this Annual Report on Form 10-K of New Horizon Aircraft Ltd. are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

Various statements in this Annual Report on Form 10-K of New Horizon Aircraft Ltd. are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of the Ontario Securities Act (collectively, “forward-looking statements”).