secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001213900-24-076185
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024076185/0001213900-24-076185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390024076185/ea0213700-8k_newhorizon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-076185

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