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New Horizon Aircraft (EXCHANGE:HOVR), a $148.3 million market cap company currently trading at $3.12, saw its Chief Executive Officer Eric Brandon Robinson sell a total of 240,000 Class A Ordinary Shares in two separate transactions, realizing $879,320. According to InvestingPro analysis, the stock has shown significant volatility recently.
On October 14, 2025, Robinson sold 140,000 shares at a weighted average price of $3.838, for a total of $537,320. The prices for these shares ranged from $3.680 to $4.000. Following this transaction, Robinson directly owns 468,118 shares and indirectly owns 1,472,510 shares through Robinson Family Ventures Inc.
On October 15, 2025, Robinson sold 100,000 shares at a price of $3.42, for a total of $342,000. The prices for these shares ranged from $3.600 to $3.980. Following this transaction, Robinson directly owns 468,118 shares and indirectly owns 1,372,510 shares through Robinson Family Ventures Inc.
In other recent news, Horizon Aircraft has announced the signing of a purchase agreement with Pratt & Whitney Canada for the PT6A engine. This engine will be integrated into Horizon’s Cavorite X7 hybrid electric vertical takeoff and landing (eVTOL) aircraft, enhancing its ability to operate in remote locations without relying on battery charging infrastructure. Additionally, Horizon Aircraft has commenced construction of a full-scale prototype of its hybrid eVTOL aircraft, with initial testing expected to begin in 18 months. The company has also reported the successful completion of one of the world’s first fan-in-wing forward transition flights using its large-scale prototype, marking a significant milestone in its HOVR Wing technology development. These achievements were highlighted in Horizon’s fourth quarter and annual financial results, where the company disclosed having approximately $17 million in cash. This financial position provides an estimated 18-month runway to complete its full-scale demonstrator aircraft.
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