secwatch.observer — SEC 8-K summary
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Issuer:     New Horizon Aircraft Ltd. (HOVR)
CIK:        0001930021
Form:       8-K
Filed at:   2025-01-15T23:59:59+00:00
Accession:  0001213900-25-003914
Event type: regulatory
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930021/000121390025003914/0001213900-25-003914-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930021/000121390025003914/ea0227593-8k_newhorizon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-003914

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