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HOVRNEW HORIZON AIRCRAFT LTD.

Is New Horizon Aircraft struggling financially?

Yes, by its own account. New Horizon Aircraft told the SEC on 16 Jul 2026, in Form 10-K, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed Jul 2026

30/100

Fragile

Sector
Industrial/Cyclical
Market cap
$125.0M
Source filing
10-K 16 Jul 2026
Balance sheet
31 May 2026

Cash runway

45+ mo

Runs out some time after Mar 2030, raising nothing.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$78.3M

÷

Cash burned over the last 12 months

$17.5M

What New Horizon Aircraft told the SEC

…for its current operating plan for at least the next 12 months from the date the consolidated financial statements were available to be issued. There remains substantial doubt regarding the Company’s ability to meet the going concern assumption beyond that period without securing additional capital. There can be no assurance that we will be successful in achieving our business plans, that our current capital will…

NEW HORIZON AIRCRAFT LTD., Form 10-K, filed 16 Jul 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • 72.2% share-count increase The company issued stock. Each share now owns 41.9% less of the business than a year ago, before any change in the price.
  • Cash burn is increasing It is spending 15% more cash per year than it was, so the runway above shortens even if nothing else changes.

Other Industrial/Cyclical companies that filed the doubt