Form 8-K

8-K — New Horizon Aircraft Ltd.

Accession: 0001213900-26-043202

Filed: 2026-04-14

Period: 2026-04-14

CIK: 0001930021

SIC: 3721 (AIRCRAFT)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ea0285438-8k_newhorizon.htm (Primary)

EX-99.1 — PRESS RELEASE, DATED APRIL 14, 2026 (ea028543801ex99-1.htm)

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM

8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

April 14, 2026

NEW HORIZON AIRCRAFT LTD.

(Exact name of registrant as specified in its charter)

British Columbia

001-41607

98-1786743

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

3187 Highway 35, Lindsay, Ontario

K9V 4R1

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including

area code: (613) 866-1935

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered

pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Class A Ordinary Share, no par value

HOVR

The Nasdaq Stock Market LLC

Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share

HOVRW

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the

Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial

Condition.

On April 14, 2026, New Horizon

Aircraft Ltd. (the “Company”) issued a press release announcing its financial and operating results for the quarter ended

February 28, 2026. The Company will also host an earnings call on April 14, 2026, during which the Company will discuss its financial

results for the quarter ended February 28, 2026 and provide a business update. A copy of the press release is furnished as Exhibit 99.1

to this Current Report on Form 8-K.

The information in Item 2.02

of this Current Report on Form 8-K and the press release furnished as Exhibit 99.1 hereto shall not be deemed “filed” for

purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the

liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,

or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial

Statements and Exhibits.

(d) Exhibits

The following exhibits

are being filed herewith:

Exhibit No.

Description

99.1

Press Release, dated April 14, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

NEW HORIZON AIRCRAFT LTD.

Date: April 14, 2026

By:

/s/ E. Brandon Robinson

Name:

E. Brandon Robinson

Title:

Chief Executive Officer

EX-99.1 — PRESS RELEASE, DATED APRIL 14, 2026

EX-99.1

Filename: ea028543801ex99-1.htm · Sequence: 2

Exhibit 99.1

Horizon Aircraft Reports

Results for Third Quarter of Fiscal Year 2026 and Provides Business Update

TORONTO, April 14, 2026

- New Horizon Aircraft Ltd. (“Horizon Aircraft” or the “Company”) (NASDAQ: HOVR), an advanced aerospace company developing

one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today reported its financial and operational results for

the third quarter of fiscal 2026 ended February 28, 2026.

Recent Highlights:

● Continued strong liquidity with $20 million in cash, including what the Company

expects is sufficient working capital to get through planned aircraft development milestones through fiscal 2027;

● Advancing the full-scale hybrid-electric Cavorite X7 aircraft (the “Cavorite

X7”) from concept to reality; the Company expects to complete assembly later in 2026 with flight testing to commence in early 2027;

● Significant manufacturing partnerships established with world class organizations

including RAMPF Composite Solutions (fuselage production) and North Aircraft Industries (wing manufacturing and structural testing);

● Commenced

important collaboration with MHIRJ, a subsidiary of Mitsubishi Heavy Industries Ltd., to accelerate the Cavorite X7 manufacturing program

through its highly specialized engineering support team;

● Comprehensive

evaluation performed by a globally recognized accounting firm validating the Cavorite X7’s projected operating cost of US$0.97

per available seat mile, which would significantly improve the economic performance for aircraft operators currently operating legacy

helicopters and compares favorably to other aircraft in the Advanced Air Mobility space;

●

Significantly improved operational efficiency, reflected in lower administrative costs relative to increased engineering expenses as the full-scale aircraft production advances.

Brandon Robinson, Co-Founder

and CEO of Horizon Aircraft, commented, “This quarter marked a major inflection point as the Cavorite X7 aircraft transitioned from

the design phase into manufacturing. With strong strategic partnerships and collaborations, growing technical capabilities, and solid

liquidity, we are confidently tracking to complete our full-scale prototype by the end of 2026.”

For more information,

visit Horizon Aircraft’s website or watch its innovative technology in action on

the Company’s YouTube channel.

Conference Call

New Horizon Aircraft

will host a conference call on Tuesday, April 14, 2026, at 8:30 a.m. Eastern Time to review its financial and operational results. Participants

may access the call by telephone at 888-506-0062 from North America and at 973-528-0011 from international numbers (Access Code: 835351)

or by joining the live webcast on the Company’s investor relations website at https://ir.horizonaircraft.com/events-presentations.

A replay of the webcast will be available shortly after the call.

About Horizon Aircraft

Horizon Aircraft (NASDAQ:

HOVR) is an advanced aerospace company that is developing one of the world’s first hybrid-electric VTOL (Vertical Take-Off and Landing)

aircraft designed to fly most of its mission in traditional wing-borne flight, offering industry-leading speed, range, and operational

utility. Horizon Aircraft’s unique designs put the mission first and prioritize safety and performance. Upon successful completion of

testing and certification of its full-scale aircraft, Horizon Aircraft intends to scale unit production to meet expected demand from regional

aircraft operators, emergency service providers, and military customers.

For further information, visit:

Website www.horizonaircraft.com

LinkedIn https://www.linkedin.com/company/horizon-aircraft-inc

For further information, contact:

Investors:

Kathryn Burns

ir@horizonaircraft.com

Media:

Edwina Frawley-Gangahar

EFG Media Relations

+44 7580 174672

edwina@efgmediarelations.com

Forward-Looking Statements

This press release contains

certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities

Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively,

“forward-looking statements”). These forward-looking statements generally are identified by the words “believe,” “project,”

“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,”

“opportunity,” “plan,” “may,” “should,” “will,” “would,” “target,”

“will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words

does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating

to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing, development priorities

and technical milestones; the Cavorite X7’s design specifications, anticipated operational parameters and projected performance, including

assumptions regarding operating costs, fuel consumption, maintenance costs and utilization rates; funding and liquidity sufficiency and

runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.

Forward-looking statements

are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a

result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently,

you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events

to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets

in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii)

the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable

terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue;

(iv) statements regarding Horizon Aircraft’s industry and market size; (v) financial condition and performance of Horizon Aircraft, including

the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft;

(vi) Horizon Aircraft’s ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful

completion of testing and certification of Horizon Aircraft’s Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft’s

Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company’s public filings with the Securities and Exchange Commission

(“SEC”) and under the Company’s profile on sedarplus.ca, including the disclosures under the heading “Risk Factors”

in the Company’s Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company’s profile

on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual

events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only

as of the date they are made.

Readers are cautioned

not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at

some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information,

future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will

achieve its expectations.

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