HOVR · New Horizon Aircraft Ltd. · Congressional Trades
$1.57
-0.04 (-2.19%)
At close · Oct 8
Return incl. dividend (before tax)
Going-concern doubt
— flagged Jul 16, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Horizon is a pre-revenue organization that is currently building a full-scale technical demonstrator aircraft in pursuit to certify its Cavorite X7 aircraft. Management estimates that cash on-hand of $78.3 million will be sufficient to fund our current operating plan for at least the next 12 months from the date these consolidated financial statements were available to be issued. There is substantial doubt around the Company's ability to meet the going concern assumption beyond that period without securing additional capital.”View the 10-K filed Jul 16, 2026
Market Cap
$106.92M
Shares
66.83M
Volume · Oct 8
24.34K
Avg daily vol (3M)
878.46K
Transactions in this listed security by members of the U.S. Congress, disclosed under the STOCK Act. Lawmakers must report trades within 45 days, so the filing date can lag the trade itself.
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