Business Context and Reporting Period
Company: New Horizon Aircraft Ltd. (HOVR)
Filing Type: Form 8-K (Current Report)
Date of Report: June 26, 2025
Reporting Period: Event-based report regarding regulatory compliance status.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a regulatory notification regarding stock listing status.
Material Changes
- Nasdaq Compliance: The Company received notice from The Nasdaq Stock Market LLC that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
- Status Update: The matter regarding the listing deficiency is now closed.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) confirming the resolution of the listing issue. No forward-looking guidance, financial outlook, or new risk factors are disclosed in this specific text.
Investor Verification Checklist
- Verify the current trading price of Class A Ordinary Shares (HOVR) to confirm sustained compliance with the $1.00 minimum bid requirement.
- Review the attached Press Release (Exhibit 99.1) for any additional context on the timeline of the compliance period.
- Confirm the status of Warrants (HOVRW) and their exercise price of $11.50 per share in relation to current market conditions.