Horizon Aircraft Announces Exercise of Warrants, Providing an Additional $2.7 Million in Gross Proceeds
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Horizon Aircraft (NASDAQ: HOVR) announced the exercise of 2.5 million warrants, resulting in $2.7 million in gross proceeds. This is the second capital infusion in 30 days, totaling $11.1 million, further securing the company's balance sheet.
January 08, 2025 | 1:15 pm
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Horizon Aircraft has raised an additional $2.7 million through the exercise of warrants, contributing to a total of $11.1 million in capital raised over the past 30 days. This strengthens the company's financial position.
The exercise of warrants and the resulting capital infusion of $2.7 million, along with the previous $8.4 million, significantly strengthens Horizon Aircraft's balance sheet. This financial boost is likely to positively impact the stock price in the short term as it enhances the company's ability to fund its operations and development projects.
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IMPORTANCE 80
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