secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001213900-24-075651
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024075651/0001213900-24-075651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024075651/ea0213363-8k_newhorizon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-075651

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