New Horizon Aircraft removes warrant anti-dilution provision for Nasdaq compliance

New Horizon Aircraft Ltd.

Warrants dated Aug 21, 2024 amended to delete Section 3(b), which adjusted exercise price on dilutive issuances.
Amendment intended to comply with Nasdaq listing requirements; no other warrant terms changed.
Warrant holders lose price protection on future below-market issuances of common shares or equivalents.
Amended warrants remain exercisable at $11.50 per share; all other rights unchanged.

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