{"url_path":"/sec/hovr/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 Security Ownership of Certain Beneficial Owners and Management","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-16","source_url":"https://www.sec.gov/Archives/edgar/data/1930021/0001213900-26-078490-index.html","accession_number":"0001213900-26-078490","cik":"0001930021","ticker":"HOVR","issuer_name":"New Horizon Aircraft Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1930021/0001213900-26-078490-index.html","primary_entity_key":"0001930021","primary_entity_name":"New Horizon Aircraft Ltd."},"word_count":728,"has_tables":true,"body_markdown":"Item 12. Security Ownership of Certain Beneficial Owners and Management\nand Related Stockholder Matters. \n\n \n\nThe following table sets forth\ninformation regarding the beneficial ownership of our shares of common stock as of July 16, 2026, based on information obtained from the\npersons named below, with respect to the beneficial ownership of shares of our Class A ordinary shares by:\n\n \n\n \n●\neach person known by us to be the beneficial owner of more than 5% of Horizon’s Class A ordinary shares;\n\n \n \n \n\n \n●\neach of our named executive officers and directors; and\n\n \n\n \n●\neach of our officers and directors as a group.\n\n \n\nBeneficial ownership is determined\naccording to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it\npossesses sole or shared voting or investment power over that security, including options and warrants that are currently exercisable\nor exercisable within 60 days.\n\n \n\nIn the table below, percentage\nownership is based on 64,176,546 Class A ordinary shares outstanding as of July 16, 2026. This table assumes that there are no additional\nissuances of equity securities, including equity awards that may be issued under the 2023 Equity Incentive Plan.\n\n \n\nUnless otherwise indicated,\nwe believe that all persons named in the table have sole voting and investment power with respect to all Class A ordinary shares beneficially\nowned by them. Unless otherwise noted, the business address of each of the following entities or individuals is 3187 Highway 35, Lindsay,\nOntario, Canada K9V 4R1.\n\n \n\nName and Address of Beneficial Owner \nNumber of\nShares\nBeneficially\nOwned  \n% of\nClass \n\nDirectors and Named Executive Officers \n   \n  \n\nBrandon Robinson(1)(2) \n2,842,480  \n4.4%\n\nJason O’Neill(3) \n 1,116,208  \n 1.7%\n\nBrian Merker(5) \n 990,434  \n 1.5%\n\nTrisha Nomura \n 161,047  \n * \n\nJohn Maris \n 64,479  \n * \n\nJohn Pinsent \n 64,479  \n * \n\nJameel Janjua \n -  \n * \n\nAll executive officers and directors as a group (8 individuals) \n 5,824,233  \n 9.1%\n\n  \n    \n   \n\nGreater than Five Percent Holders: \n    \n   \n\nCanso Investment Counsel Ltd. (4) \n 13,323,128  \n 20.8%\n\n  \n\n*\nLess than 1%.\n\n \n\n(1)\nBrandon Robinson and Brian Robinson are the directors of Robinson Family Ventures Inc. Brandon Robinson and Brian Robinson may each be deemed to share beneficial ownership of the securities held of record by Robinson Family Ventures Inc. Each of Brandon Robinson and Brian Robinson disclaims any such beneficial ownership except to the extent of his pecuniary interest.\n\n \n\n70\n\n \n\n \n\n(2)\nIncludes options to purchase 143,213 shares at a price of $CAD 0.76 per share, options to purchase 400,000 shares at $USD 0.61 per share, and 292,532 PSU’s. The table reflects the options on a fully vested basis.\n\n \n\n(3)\nIncludes options to purchase 146,252 shares at a price of $CAD 0.76 per share, options to purchase 296,000 shares at $USD 0.61 per share, and 146,266 PSU’s. The table reflects the options on a fully vested basis.\n\n \n\n(4)\nBased on a Schedule 13G/A filed on January 29, 2026, by Canso Investment Counsel Ltd. (“Canso”). The shares reported as beneficially owned include (i) 4,834,239 Class A ordinary shares held by Canso and (ii) 8,488,889 Class A ordinary shares issuable to Canso upon the conversion of the Series A Preferred Shares held by Canso. The securities reported to be beneficially owned by Canso are owned of record by certain managed accounts of Canso. These managed accounts have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. The business address of Canso is 100 York Blvd., Suite 550, Richmond Hill, On, L4B 1J8.\n\n \n\n(5)\nIncludes options to purchase 100,000 shares at a price of $USD 0.85 per share, options to purchase 344,000 shares at $USD 0.61 per share, and 182,832 PSU’s. The table reflects the options on a fully vested basis.\n\n \n\nSecurities Authorized\nfor Issuance Under Equity Compensation Plans \n\n \n\nThe\nfollowing table provides information, as of July 16, 2026, with respect to our Class A ordinary shares that may be issued, subject to\ncertain vesting requirements, under existing and future awards under the 2023 Equity Incentive Plan.\n\n \n\n  \nA  \nB  \nC \n\n  \nNumber of\nSecurities\nto be Issued\nUpon\nExercise of\nOutstanding\nOptions,\nWarrants,\nand Rights  \nWeighted-Average\nExercise Price\nof Outstanding\nOptions,\nWarrants and\nRights\n($USD)  \nNumber of\nSecurities\nRemaining\nAvailable for\nFuture\nIssuance\nUnder Equity\nCompensation\nPlans (Excluding\nSecurities\nReflected in\nColumn\n(A)) \n\nPlan Category \n   \n   \n  \n\nEquity compensation plans approved by security holders \n 2,521,509  \n$0.81  \n 5,411,885 \n\nEquity compensation plans not approved by security holders \n -  \n -  \n - \n\nTotal \n 2,521,509  \n                \n 5,411,885 \n\n \n\n71"}