$HOVR Cashflow Statement | Understand Stock

$HOVR

$1.27 -$0.01 (0.78%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of CAD, except per-share amounts

	FY2026 12 months to May 31, 2026	FY2025 12 months to May 31, 2025	FY2024 12 months to May 31, 2024	FY2024 12 months to Dec 31, 2023	FY2023 10 months to Dec 31, 2022
Cash Flows from Operating Activities:
Net Income (Loss)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest income on investments held in Trust Account
Depreciation and amortization
Stock-based compensation
Non-cash interest
Registered Share Offering Costs
Change in fair value of Forward Purchase Agreement
Change in Warrant liability
Changes in operating assets and liabilities:
Prepaid expenses
Accounts receivable
Accounts payable
Accrued liabilities
Accrued expenses -related party
Prepaid income taxes
Operating leases
Net cash used in operating activities
Cash Flows used in Investing Activities:
Investment of cash in Trust Account
Proceeds from Trust Account to pay taxes
Purchase of property and equipment
Net cash used in investing activities
Cash Flows from Financing Activities:
Finance lease payments
Proceeds from issuance of Convertible debentures
Outflow from Business Combination
Repayment of Term loan
Net Proceeds from Sales Agreement
Proceeds from RDO I
RDO I Costs
Proceeds from RDO II
RDO II Costs
Proceeds from Class A Ordinary Shares to be Issued
Proceeds from Registered Securities Offering
Registered Share Offering Costs
Proceeds from sale of Placement Units
Proceeds from sale of Units, net of underwriting discount paid
Proceeds from stock subscriptions received
Repayment of Promissory note - related party
Proceeds of Promissory note - related party
Payment of offering costs
Proceeds from exercise of stock options
Net Proceeds from Issuance of Class A Ordinary shares
Proceeds from promissory note - related party
Advance from Sponsor for payment of formation costs
Net Proceeds from Issuance of Preferred Shares
Proceeds from Warrants exercised
Net cash provided by financing activities

Net Change in Cash
Cash - Beginning of period
Cash - End of period
Deferred offering costs included in accrued offering costs
Net Change in Cash and Cash Equivalents
Cash and Cash Equivalents - Beginning of year
Cash and Cash Equivalents - End of year
Initial measurement of forward purchase options liabilities
Accretion of Class A ordinary shares subject to redemption value
Valuation of Representative Shares
Offering costs included in Accrued offering costs
Deferred underwriting fee payable
Issuance of Class B ordinary shares to Sponsor for subscription receivable
Cash paid for income taxes
Conversion of Convertible debentures
Interest paid

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