Horizon Aircraft Regains Compliance with Nasdaq Capital Market Listing Requirements
Rhea-AI Summary
Horizon Aircraft (NASDAQ: HOVR), a developer of hybrid eVTOL aircraft, has announced that it has regained compliance with Nasdaq Capital Market's minimum bid price requirement under Listing Rule 5550(a)(2). The company, which specializes in advanced aerospace engineering and is developing one of the world's first hybrid electric Vertical Take-Off and Landing aircraft, has successfully resolved its listing compliance issues with Nasdaq.
Positive
- Regained compliance with Nasdaq listing requirements, reducing delisting risk
- Maintained listing on major exchange, ensuring continued access to capital markets
Negative
- Previous non-compliance with minimum bid requirements indicates recent stock price weakness
News Market Reaction 1 Alert
On the day this news was published, HOVRW gained 19.61%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of one the world’s first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, announced today that it received notice from The Nasdaq Stock Market that the Company has regained compliance with the Nasdaq Capital Market’s minimum bid requirement in Listing Rule 5550(a)(2) and that the matter is now closed.
For more information about Horizon Aircraft, please see the Company’s website or watch its innovative technology in action on the Company’s YouTube channel.
About Horizon Aircraft
Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company that is developing one of the world’s first hybrid eVTOL that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range, and operational utility. Horizon Aircraft’s unique designs put the mission first and prioritize safety, performance, and utility. Horizon intends to successfully complete testing and certification of its Cavorite X7 eVTOL and then scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.
Visit www.horizonaircraft.com for more information.
Contacts
Investors:
Matt Chesler, CFA
FNK IR
(646) 809-2183
HOVR@fnkir.com
Media:
Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.com
FAQ
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