Horizon Aircraft Announces $20 Million Common Shares Offering

Horizon Aircraft Ltd. has announced a definitive agreement with institutional investors for the sale of 9,254,889 Class A Ordinary Shares, aiming to raise approximately $20 million. This offering is expected to close around May 8, 2026, subject to usual closing conditions. The funds will be used to further develop the Cavorite X7 aircraft program and for general corporate purposes.

CEO Brandon Robinson highlighted the strategic importance of this financing in advancing their aerospace innovations and expanding their institutional shareholder base. Titan Partners acts as the sole placement agent for this offering.

The shares are being offered under a previously registered shelf registration statement with the SEC. The official offering documents, including a prospectus, can be accessed free on the SEC website.