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New Horizon Aircraft ( (HOVR) ) just unveiled an announcement.
On January 24, 2025, New Horizon Aircraft Ltd. announced it had regained compliance with Nasdaq’s continued listing standards, following a hearing with the Nasdaq Hearings Panel. This resolution ensures that the company’s shares will remain listed on the Nasdaq Capital Market. Additionally, Horizon Aircraft has been granted an extension until July 14, 2025, to comply with the Bid Price Rule, requiring the company’s stock to maintain a minimum bid price of $1.00 per share for ten consecutive business days. While the company anticipates resolving this issue, there remains a risk of delisting if compliance is not achieved within the given period.
More about New Horizon Aircraft
Horizon Aircraft is an advanced aerospace engineering company specializing in the development of hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft. These aircraft are designed to perform missions akin to traditional aircraft while offering superior speed, range, and operational utility. The company’s focus is on safety, performance, and utility in its unique aircraft designs.
YTD Price Performance: -26.15%
Average Trading Volume: 4,907,972
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $25.14M
Find detailed analytics on HOVR stock on TipRanks’ Stock Analysis page.
