New Horizon Aircraft Ltd. (HOVR) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
HOVR currently has 42.1M outstanding shares. with significant dilution risk as 67.3M authorized shares could dilute existing holders by 159.8%. The company has significantly diluted shareholders by 134.92% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 27, 2026 |
8-K filing: New Horizon Aircraft Ltd. entered into a registered direct offering for the issuance of 5,385,646 common shares and pre-funded warrants to purchase 4,574,514 common shares for aggregate gross proceeds of approximately $25.0 million. ($25.0M proceeds) |
42M | 67M |
| Jan 14, 2026 |
10-Q filing | 42.1M shares outstanding |
42M | 67M |
| Aug 22, 2025 |
10-K filing | 39.2M shares outstanding |
39M | 67M |
| Apr 14, 2025 |
10-Q filing | 29.5M shares outstanding |
29M | 67M |
| Mar 28, 2025 |
S-3 filing: New Horizon Aircraft Ltd. is filing an S-3 to offer common shares, warrants, and preferred shares. |
31M | 67M |
| Mar 17, 2025 |
S-3/A filing: New Horizon Aircraft Ltd. files an S-3/A to offer common shares, preferred shares, and debt securities up to an aggregate initial offering price of $75,000,000. |
31M | 23M |
| Feb 14, 2025 |
S-3 filing: New Horizon Aircraft Ltd. files an S-3 to offer common shares, preferred shares, and debt securities up to an aggregate amount of $75,000,000. |
31M | 12M |
| Jan 14, 2025 |
10-Q filing | 31.2M shares outstanding |
31M | 12M |
| Jan 13, 2025 |
8-K filing: New Horizon Aircraft Ltd. completed a financing with Canso Investment Counsel Ltd., Canso Select Opportunities Corporation, and GRIP Investments Limited, issuing 4,166,667 Class A ordinary shares at $0.36 per share and 4,500 Series A preferred shares at $1,000 per share, convertible into Common Shares on a one for 2222.222222 basis, with an amendment added to prohibit the issuance of Common Shares that would breach Nasdaq Listing Rule 5635 prior to obtaining shareholder approval. ($6.0M proceeds) |
25M | 12M |
| Dec 20, 2024 |
8-K filing: New Horizon Aircraft Ltd. entered into subscription agreements with Canso Investment Counsel Ltd., Canso Select Opportunities Corporation, and GRIP Investments Limited to sell 4,166,667 Class A ordinary shares at $0.36 per share and 4,500 Series A preferred shares at $1,000 per share; filed a Notice of Alteration to alter the Authorized Share Structure and Articles to create preferred shares. ($6.0M proceeds) |
25M | 12M |
| Nov 07, 2024 |
8-K filing: New Horizon Aircraft Ltd. terminated the OTC Equity Prepaid Forward Transaction with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC, effective November 1, 2024, by entering into a mutual termination agreement. As consideration, the company will pay a $200,000 termination fee and issue 200,000 Class A ordinary shares if a resale registration statement is filed within 24 months. |
25M | 12M |
| Oct 10, 2024 |
10-Q filing | 24.6M shares outstanding |
25M | 12M |
| Oct 01, 2024 |
POS AM filing: This POS AM filing relates to an offering of common shares issuable upon the exercise of warrants and common shares and warrants offered by selling securityholders. |
24M | 12M |
| Aug 20, 2024 |
8-K filing: New Horizon Aircraft Ltd. entered into an underwriting agreement with EF Hutton LLC for a firm commitment underwritten public offering of 5,800,000 units at $0.50 per unit, consisting of common shares or pre-funded warrants and warrants to purchase common shares. ($7.25M proceeds) |
24M | 39M |
| Aug 15, 2024 |
10-K filing | 18.6M shares outstanding |
19M | 39M |
| Aug 15, 2024 |
S-1/A filing: New Horizon Aircraft Ltd. is offering 5,737,704 common shares, along with pre-funded warrants and warrants, with the net proceeds to be used for working capital and general corporate purposes. |
24M | 39M |
| Jun 24, 2024 |
S-1/A filing: New Horizon Aircraft Ltd. proposes to issue and sell Common Shares, Pre-Funded Warrants to purchase Common Shares, and Warrants to purchase Common Shares through an underwriting agreement with EF Hutton LLC, with the net proceeds of approximately $3.3 million intended for working capital and general corporate purposes. |
23M | 32M |
| Jun 10, 2024 |
S-1 filing: New Horizon Aircraft Ltd. is offering common shares and warrants, with each share sold together with a warrant to purchase one common share. The warrants will be immediately exercisable and expire five years from the issuance date. |
18M | 27M |
| Apr 29, 2024 |
S-1/A filing: New Horizon Aircraft Ltd. is offering 15,443,305 common shares issuable upon the exercise of warrants, selling securityholders are offering up to 10,562,939 common shares and up to 565,375 warrants. |
18M | 27M |
| Apr 22, 2024 |
10-Q filing | 18.2M shares outstanding |
18M | 27M |
| Apr 08, 2024 |
S-1/A filing: S-1/A filing for New Horizon Aircraft Ltd. offering common shares upon warrant exercise and common shares/warrants by selling securityholders. |
18M | 27M |
| Mar 28, 2024 |
10-K filing | 18.2M shares outstanding |
18M | 23M |
| Feb 21, 2024 |
8-K filing: New Horizon Aircraft Ltd. amended its Forward Purchase Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC, modifying terms related to prepayment shortfalls, shortfall sales, and share registration, and introducing shortfall warrants. |
17M | 23M |
| Feb 14, 2024 |
S-1 filing: New Horizon Aircraft Ltd. is offering 12,065,375 common shares issuable upon the exercise of warrants, selling securityholders are offering up to 9,950,444 common shares and up to 565,375 warrants. |
17M | 23M |
| Jan 03, 2024 |
8-K filing: Pono Capital Three, Inc. entered into a subscription agreement to sell 200,000 Class A ordinary shares at $10.00 per share for an aggregate value of $2,000,000, contingent upon the consummation of a business combination. ($2.0M proceeds) |
12M | 510K |
| Nov 16, 2023 |
10-Q filing | 12.2M shares outstanding |
12M | 510K |
| Aug 10, 2023 |
10-Q filing | 12.2M shares outstanding |
12M | 510K |
| May 15, 2023 |
10-Q filing | 12.2M shares outstanding |
12M | 510K |
| Mar 30, 2023 |
10-K filing | 0.1M shares outstanding |
100K | 510K |
| Mar 30, 2023 |
8-K filing: Pono Capital Three, Inc. completed its initial public offering of 11,500,000 units at $10.00 per Unit, generating gross proceeds of $115,000,000, and announced that the holders of the Units may elect to separately trade the Class A Ordinary Shares and Warrants comprising the Units commencing on April 3, 2023. ($115.0M proceeds) |
4.9M | 510K |
| Feb 21, 2023 |
8-K filing: Pono Capital Three, Inc. completed its initial public offering of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000, and simultaneously completed a private placement of 565,375 units at $10.00 per unit, generating gross proceeds of $5,653,750. ($241.31M proceeds) |
4.9M | 510K |
| Feb 15, 2023 |
8-K filing: Pono Capital Three, Inc. completed an initial public offering of 11,500,000 units at $10.00 per unit and a private placement of 565,375 units to the Sponsor at $10.00 per unit. ($120.65M proceeds) |
4.9M | 510K |
| Jan 26, 2023 |
S-1/A filing: The sponsor has committed to purchase 511,375 placement units at a price of $10.00 per unit, for an aggregate purchase price of $5,113,750 in a private placement that will close simultaneously with the closing of this offering. |
4.9M | 510K |
| Jan 10, 2023 |
S-1/A filing: Pono Capital Three, Inc. is a blank check company offering 10,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one warrant. |
4.9M | 10M |
| Nov 10, 2022 |
S-1 filing: Pono Capital Three, Inc. is offering 10,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one redeemable warrant, in an initial public offering. |
2.9M | 10M |