Horizon Aircraft has announced that it has entered into an agreement with institutional investors for the purchase of 9,960,160 Class A Ordinary Shares . The offering is expected to result in gross proceeds of approximately USD25 million, before deducting offering expenses. The closing of the offering is expected to occur on or about May 27, 2026, subject to the satisfaction of customary closing conditions.
The announcement follows on from an equity sale of 9,254,889 Class A Ordinary Shares to institutional investors earlier this month which yielded USD20m
“This financing reflects strong continued support from our existing institutional investors and further validates the strategic significance of Horizon Aircraft’s next-generation aerospace platform,” said Brandon Robinson, CEO of Horizon Aircraft. “We are now equipped to fully fund completion of our Cavorite X7 prototype and advance the program toward testing, certification, and commercial production, positioning Horizon Aircraft to advance its differentiated technologies and continue building a leading aerospace organisation focused on disciplined execution and long-term value creation.”
Image: Horizon
