4/A: New Horizon Aircraft CFO Amends SEC Filing to Correct Share Acquisition Codes

New Horizon Aircraft Ltd.'s Chief Financial Officer, Brian Frederick Merker, filed an amended Form 4 to correct transaction codes for multiple Class A Ordinary Share acquisitions made between May 2024 and May 2025.

Summary

• Brian Frederick Merker, Chief Financial Officer of New Horizon Aircraft Ltd., filed an amended Form 4 (Form 4/A) to correct an administrative error in a previously filed Form 4.
• The amendment clarifies that the transactions reported were acquisitions (Code 'A') and voluntary transactions (Code 'V'), rather than purchases (Code 'P') as inadvertently stated in the original filing.
• The filing details a series of direct acquisitions of Class A Ordinary Shares without par value by Mr. Merker.
• These acquisitions occurred on various dates between May 23, 2024, and May 20, 2025.
• A total of 31,600 Class A Ordinary Shares were beneficially owned directly by Mr. Merker following these reported transactions.
• The weighted average prices for these acquisitions ranged from $0.335 to $1.069 per share.

Sentiment

Score: 7

Explanation: The filing is an administrative correction of insider share acquisitions. While the correction itself is neutral, the underlying transactions represent direct share acquisitions by the CFO, which generally signals confidence in the company's prospects.

Positives

• The filing demonstrates transparency by correcting an administrative error in a previous SEC filing, ensuring accurate public records.
• The underlying transactions represent direct acquisitions of Class A Ordinary Shares by the Chief Financial Officer, which can signal management confidence in the company's future prospects.

Negatives

• An initial error in the transaction code required an amendment, indicating a minor administrative oversight in the original filing.

Future Outlook

No forward-looking statements or guidance are provided in this administrative filing.

Management Comments

• "The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to New Horizon Aircraft Ltd. (the 'Company'), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2) through (13) to this Form 4."
• "On June 10, 2025, the reporting person filed a Form 4 (the 'Original Form 4') which inadvertently used transaction code P in Column 3 of Table I. As shown in this amendment, each of the transactions reported on this form should have been reported using transaction code A in Column 3 of Table I. Additionally, transaction code V has been added in Column 3 of Table I for each transaction. No other changes have been made to the Original Form 4."

Industry Context

This filing is specific to an insider's stock transactions and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Provides accurate and corrected information regarding insider stock ownership, enhancing transparency and ensuring compliance with regulatory reporting standards.
• Regulatory Authorities: Ensures compliance with SEC reporting requirements by correcting previously filed information.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares purchased at each separate price within the specified ranges upon request from New Horizon Aircraft Ltd., any security holder of the Company, or the staff of the Securities and Exchange Commission.

Key Dates

Keywords

New Horizon Aircraft, HOVR, SEC Form 4, insider trading, beneficial ownership, Class A Ordinary Shares, Brian Frederick Merker, CFO, stock acquisition, amendment