New Horizon Aircraft is trading 5.2% up at $1.74 after signing a Letter of Intent with V-Star Powered Lift Aviation for the purchase of up to 100 Cavorite X7 hybrid-electric VTOL aircraft. - The LOI includes an initial purchase of 5 aircraft with options for an additional 95 units, significantly advancing commercialization efforts. - This follows the company's Q4 2026 earnings report on July 16, which highlighted over 24 months of liquidity for Cavorite X7 development and accelerated testing timelines.