secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001213900-24-063591
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024063591/0001213900-24-063591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024063591/ea0209872-8k_newhoriz.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-063591

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