New Horizon Aircraft receives Nasdaq delisting notice for failing continued listing standards

New Horizon Aircraft Ltd.

Received Nasdaq notice on Aug 28, 2024 for failing net income from continuing ops of $500k (Rule 5550(b)(3)).
Also fails alternative standards: market value of listed securities <$35M and stockholders' equity <$2.5M.
Must submit compliance plan by Oct 14, 2024; if accepted, Nasdaq may grant up to 180 days to comply.
If plan rejected, Company may appeal to a Hearings Panel under Nasdaq Listing Rule 5815(a).
Notice has no immediate effect on listing or trading of Class A ordinary shares; risks of delisting remain.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.