---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-063591"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T18:13:06.196947+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# New Horizon Aircraft receives Nasdaq bid price deficiency notice for HOVR shares

## Summary
- Nasdaq notified company on July 19, 2024 that bid price closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days (until January 15, 2025) to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not compliant by Jan 15, 2025, company may qualify for additional 180-day period if it meets other Nasdaq standards and intends reverse stock split.
- No immediate delisting; shares continue trading on Nasdaq Capital Market under symbol HOVR.
- Company expects to cure deficiency within the 180-day period but provides no assurance.

## SEC filing metadata
- accession: 0001213900-24-063591
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2024-07-23T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390024063591/0001213900-24-063591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390024063591/ea0209872-8k_newhoriz.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-063591
- JSON: https://secwatch.observer/filing/0001213900-24-063591.json
- Plain text: https://secwatch.observer/filing/0001213900-24-063591.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.