New Horizon Aircraft Ltd. (HOVRW) Warrant
Each HOVRW warrant gives the holder the right to buy 1 share of New Horizon Aircraft Ltd. at $11.50 per share, until January 12, 2029. The stock last closed at $1.68, below the strike, so the warrant is out of the money. New Horizon Aircraft Ltd. has a market value of about $112.27M. There are 10.00K listed warrants; exercising all of them would add 0.0% to the 66.83M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
HOVR vs strike, last 12 months
No share-price history for HOVR yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2029-01-12
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.85
From the issuer's S-1/A (2024-08-15).
Company and stock
- Company
- New Horizon Aircraft Ltd.
- Underlying stock
- HOVR
- Share price
- $1.68
- Market cap
- $112.27M
- Shares outstanding
- 66.83M
- Value of all listed warrants
- $3.45K (0.0% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-07-16). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.3450
- Price / model
Get Pro to see whether HOVRW is cheap or rich against our model.
Dilution
- Shares outstanding
- 66.83M
- Listed warrants
- 10.00K
- Dilution if all exercised
- 0.0%
Warrant count from XBRL (single class reported).
Filings and events
Questions about HOVRW
When does the HOVRW warrant expire?
HOVRW expires on January 12, 2029.
What is the strike price of HOVRW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can New Horizon Aircraft Ltd. redeem the HOVRW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many HOVRW warrants are outstanding?
10.00K listed warrants, equal to 0.0% dilution if all are exercised.