HOVRW

New Horizon Aircraft is a Canadian company building the Cavorite X7, a hybrid-electric aircraft that takes off and lands straight up like a helicopter but then flies efficiently like a regular airplane. It plans to sell these aircraft for regional passenger trips, cargo runs, and utility or government use once the design is certified for flight. HOVRW is not the company's stock itself but a warrant, a separate security that gives the holder the right to buy New Horizon's common shares (ticker HOVR) at a fixed price before an expiration date, which makes it a more leveraged and riskier way to bet on the company than owning the shares directly.