New Horizon Aircraft provides pro forma balance sheet showing $7.5M equity to address Nasdaq deficiency

New Horizon Aircraft Ltd.

Company raised ~$6.0M net from Canso Financing (4,166,667 shares at $0.36/share and 4,500 Series A preferred).
Pro forma stockholders' equity of approximately USD$7.5M as of Nov 30, 2024, above Nasdaq's $2.5M minimum Equity Standard.
Previously disclosed Nasdaq deficiency; Company awaiting confirmation of compliance with Equity Standard.
Also notes warrant exercises (2.5M warrants) between Dec 1, 2024 and filing date, impacting pro forma figures.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.