Street Calls of the Week
Brian Frederick Merker, Chief Executive Officer of New Horizon Aircraft Ltd. (EXCHANGE:HOVR), sold 46,000 shares of the company’s Class A Ordinary Shares on October 15, 2025. The shares were sold at a price of $4.0, for a total transaction value of $184,000.
Following the transaction, Merker directly owns 265,286 shares of New Horizon Aircraft Ltd., which includes 3,345 shares acquired under the company’s employee share purchase plan. With a market capitalization of $148.3 million and the company’s next earnings report due in 12 days, InvestingPro subscribers can access 12 additional investment tips and comprehensive financial metrics to better evaluate this volatile aerospace stock.
In other recent news, Horizon Aircraft announced a purchase agreement with Pratt & Whitney Canada for the PT6A engine, which will power its Cavorite X7 hybrid electric vertical takeoff and landing (eVTOL) aircraft. This engine integration aims to enhance the aircraft’s capability to operate in remote areas without relying on battery charging infrastructure. Additionally, Horizon Aircraft has commenced the construction of a full-scale prototype of its hybrid eVTOL, with initial testing scheduled to begin in 18 months. The company achieved a significant technical milestone in May with its large-scale prototype, successfully completing one of the world’s first fan-in-wing forward transition flights. This achievement was highlighted in Horizon’s fourth quarter and annual financial results. Horizon Aircraft reported having approximately $17 million in cash, which is expected to support the completion of its full-scale demonstrator aircraft over the next 18 months. These developments reflect Horizon’s ongoing progress in the aerospace sector.
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