• New Horizon Aircraft investor deck outlined its Cavorite X7 hybrid-electric eVTOL concept, targeting 250 mph speed, 500-mile range, all-weather operations.
• Design centers on a patented fan-in-wing system with 12 electric lift fans and transforming wings, shifting to conventional fixed-wing flight for most missions.
• Financing snapshot showed cash position of $19.67 million in YTD FY2026, versus $7.55 million in FY2025 and $1.82 million in FY2024.
• Cash used in operations totaled $11.79 million in YTD FY2026, versus $9.31 million in FY2025; capital raised reached $24.73 million, versus $15.19 million.
• Program timeline pointed to a full-scale aircraft ready to test in early 2027; certification track shown as flight testing in 2027 through type certification by 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Horizon Aircraft Ltd. published the original content used to generate this news brief on May 28, 2026, and is solely responsible for the information contained therein.