Horizon Aircraft positioned for more investment as small-cap stock with its breakthrough aerospace technology Page 1

TORONTO, Sept. 5, 2024 (GLOBE NEWSWIRE) — New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), the advanced aerospace technology company and developer of an electric vertical takeoff and landing (eVTOL) aircraft, has commissioned research indicating that strong returns for investors in small and micro-cap companies with unique and sustainable technologies could be imminent.

The global survey of small and micro-cap fund managers across the US, Canada, Europe, the Middle East and Asia, with a combined $82.4 billion in assets under management, found that 76% of respondents expect institutional investors’ exposure to small and micro-caps to increase over the next six to 12 months. One in three (34%) fund managers believe allocations could increase by 25% or more.