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Horizon Aircraft Regains Compliance with Nasdaq Capital Market Listing Requirements

1. HOVR has regained compliance with Nasdaq's minimum bid requirement. 2. The compliance issue has been officially closed by Nasdaq. 3. Horizon Aircraft is developing a hybrid eVTOL aircraft, Cavorite X7. 4. HOVR aims to meet demand from varied sectors including military and emergency services. 5. The company prioritizes safety, performance, and utility in its aircraft design.

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FAQ

Why Bullish?

Regaining compliance with Nasdaq can enhance investor confidence and stabilize stock prices, similar to past companies who recovered from compliance delistings, like Blink Charging (BLNK).

How important is it?

Regaining compliance is critical for investor sentiment, potentially increasing stock stability and interest.

Why Short Term?

The immediate market reaction to compliance news often influences stock prices, which may stabilize in the long run.

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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, CFAFNK IR(646) 809-2183HOVR@fnkir.com Media:Edwina Frawley-GangaharEFG Media Relations+44 7580 174672edwina@efgmediarelations.com

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