New Horizon Aircraft Ltd. (NASDAQ: HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, announced the closing of a $25 million registered direct offering of Class A ordinary shares to institutional investors. The financing is expected to support continued development and commercialization of the Company’s Cavorite X7 aircraft platform, including testing, certification, and operational buildout initiatives. Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering.
Lucosky Brookman LLP represented Titan Partners Group, a division of American Capital Partners, as counsel to the placement agent in connection with the transaction.
