---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-088540"
form_type: "8-K"
ticker: "HOVR"
cik: "0001930021"
company_name: "New Horizon Aircraft Ltd."
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:27:06.897314+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nasdaq rejects New Horizon Aircraft's compliance plan; hearing requested

## Summary
- Company failed net income standard ($500K) and alternative listing standards (market value $35M, equity $2.5M).
- Nasdaq staff determined not to accept proposed compliance plan in current form on Oct 11, 2024.
- Company requested hearing before Nasdaq Hearings Panel to appeal; no assurance plan will be accepted.
- Class A ordinary shares (HOVR) and warrants (HOVRW) continue trading pending hearing outcome.
- Delisting risk noted as materially adverse to capital raising and financial condition.

## SEC filing metadata
- accession: 0001213900-24-088540
- form_type: 8-K
- ticker: HOVR
- cik: 0001930021
- company_name: New Horizon Aircraft Ltd.
- filed_at: 2024-10-17T23:59:59+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/1930021/000121390024088540/0001213900-24-088540-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930021/000121390024088540/ea0217725-8k_newhorizon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-088540
- JSON: https://secwatch.observer/filing/0001213900-24-088540.json
- Plain text: https://secwatch.observer/filing/0001213900-24-088540.txt

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