NASDAQ:HOVR 15 October 2025

HOVR Stock Rockets as Horizon Aircraft Lands Pratt & Whitney Engine Partnership

New Horizon Aircraft (NASDAQ: HOVR) closed at $3.91 on Oct 14, 2025, up 6.5% and near its 52-week high after announcing a deal to use Pratt & Whitney Canada’s PT6A engine for its Cavorite X7 hybrid eVTOL. Shares have surged about 28% since early October and now value the company at $150–160 million. Horizon reported no revenue in Q1 FY2026 but cited strong liquidity and technical milestones.

15 October 2025

Aerospace Industry·Business Partnerships·NASDAQ:HOVR·Stock Market

Boston's Merlin Becomes First Tech Company of 2024 to List on Nasdaq via SPAC
March 20, 2026, 4:44 PM EDT. Merlin, a Boston-based autonomous aviation startup, went public on Nasdaq on St. Patrick's Day through a special purpose acquisition company (SPAC) merger with Inflection Point. Shares closed Monday at $9.03 under ticker MRLN. The company, which develops technology for reduced-pilot and pilotless flight, recently secured a $105 million U.S. defense contract involving Lockheed Martin's C-130J airlifter. With roughly $200 million in proceeds from the SPAC deal, Merlin plans to double its 200-person workforce and relocate to larger Boston-area facilities. Founder Matt George called the NASDAQ debut a significant milestone for the company and Boston's tech sector.