The Law Offices of Frank R. Cruz Announces Investigation of New Horizon Aircraft Ltd. (HOVR, HOVRW) on Behalf of Investors
New Horizon Aircraft Ltd. - Class A Ordinary Shares (HOVR)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of New Horizon Aircraft Ltd. (“New Horizon” or the “Company”) (NASDAQ: HOVR, HOVRW) on behalf of investors concerning the Company’s possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On April 22, 2024, New Horizon disclosed that previously issued financial statements for the year ended May 31, 2023 and the period ended August 31, 2023 should no longer be relied upon due to “the deferred development costs recorded by Robinson Aircraft Ltd. f/k/a Robinson Aircraft ULC” being “more appropriately classified as research and development costs.”On this news New Horizon’s stock price fell $0.12, or 4.8%, to close at $2.29 per share on April 22, 2024, thereby injuring investors.Follow us for updates on Twitter: twitter.com/FRC_LAW.If you purchased New Horizon securities, have information or would like to learn more about these claims,
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News
- Horizon Aircraft Provides Update on Technical Flight Testing Progress [Yahoo! Finance]Yahoo! Finance
- Horizon Aircraft Provides Update on Technical Flight Testing ProgressGlobeNewswire
- Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of New Horizon Aircraft Ltd. (HOVR, HOVRW) on Behalf of InvestorsBusiness Wire
- INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of New Horizon Aircraft Ltd. (HOVR, HOVRW) on Behalf of InvestorsBusiness Wire
- Horizon Aircraft Provides Corporate Update [Yahoo! Finance]Yahoo! Finance
HOVR
Sec Filings
- 5/13/24 - Form 424B3
- 5/13/24 - Form EFFECT
- 5/10/24 - Form 8-K
- HOVR's page on the SEC website