---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-075651"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2024-09-04T23:59:59+00:00"
generated_at: "2026-05-31T06:30:16.848742+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-075651
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2024-09-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930021/000121390024075651/0001213900-24-075651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390024075651/ea0213363-8k_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-075651
- JSON: https://secwatch.observer/filing/0001213900-24-075651.json
- Plain text: https://secwatch.observer/filing/0001213900-24-075651.txt

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