Horizon aircraft announces exercise of warrants, providing an additional $2.7 million in gross proceeds

~ further secures balance sheet, this second capital infusion in last 30 days totals $11.1 million ~ toronto, jan. 08, 2025 (globe newswire) -- new horizon aircraft ltd. (nasdaq: hovr), doing business as horizon aircraft (“horizon aircraft” or the “company”), a leading hybrid electric vertical take-off and landing (“evtol”) aircraft developer, announced today the exercise of 2.5 million warrants for gross proceeds of approximately $2.7 million.
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