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NWTN Receives Nasdaq Staff Delisting Determination for Non-Compliance with Listing Rule 5250(c)(1)
GlobeNewswire News Room· 2024-11-18 21:10
Core Viewpoint - NWTN Inc. has received a determination notice from Nasdaq due to its failure to file the 2023 Annual Report, which may lead to the suspension of trading of its securities unless an appeal is filed by November 19, 2024 [1][4]. Group 1: Company Compliance and Nasdaq Listing - The company failed to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, resulting in a determination from Nasdaq [1]. - Nasdaq has set a deadline of November 19, 2024, for the company to appeal the determination to avoid suspension of trading [2][3]. - The company intends to request a hearing to appeal the determination and seek an extended stay of the trading suspension [3]. Group 2: Company Operations and Future Plans - NWTN is actively working to file the 2023 Annual Report as soon as possible, although there is no assurance of regaining compliance with Nasdaq Listing Rule 5250(c)(1) [4]. - The company is committed to providing passenger-focused, premium electric vehicle products and green energy solutions globally, with facilities in Dubai and Abu Dhabi, and a manufacturing base in Jinhua, China [5][6].
NWTN Inc. Investors: Company Investigated by the Portnoy Law Firm
GlobeNewswire News Room· 2024-07-10 19:10
Core Viewpoint - NWTN Inc. is under investigation for possible securities fraud, with a potential class action being considered for investors who have incurred losses [1][2]. Group 1: Company Compliance Issues - On May 24, 2024, NWTN announced it received a letter from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2023 [3]. - The company has until July 22, 2024, to submit a plan to regain compliance with Nasdaq requirements [3]. - Following this announcement, NWTN's stock price dropped by $0.58, or 14.43%, closing at $3.44 per share on May 28, 2024 [3]. Group 2: Legal Actions and Investor Support - The Portnoy Law Firm is offering complimentary case evaluations for NWTN investors to discuss their legal rights and options for recovering losses [2][4]. - The firm has a history of recovering over $5.5 billion for investors affected by corporate wrongdoing [4].
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of NWTN Inc. – NWTN
GlobeNewswire News Room· 2024-06-30 15:33
Group 1 - Pomerantz LLP is investigating claims on behalf of investors of NWTN Inc. regarding potential securities fraud or unlawful business practices by the company and its officers/directors [2] - NWTN's stock price experienced a significant decline of $0.58 per share, or 14.43%, closing at $3.44 per share on May 28, 2024, following the news of the investigation [4] - On May 24, 2024, NWTN announced it received a letter from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2023, and has until July 22, 2024, to submit a compliance plan [5]
NWTN ALERT: Bragar Eagel & Squire, P.C. is Investigating NWTN Inc. on Behalf of NWTN Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2024-06-04 01:00
Core Viewpoint - NWTN Inc. is under investigation for potential violations of federal securities laws and unlawful business practices, following a compliance issue with Nasdaq regarding its Annual Report [1][2]. Group 1: Compliance Issues - On May 24, 2024, NWTN received a notification from Nasdaq stating it is not in compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2023 [2]. - NWTN has until July 22, 2024, to submit a plan to regain compliance with Nasdaq [2]. - Following the announcement of the compliance issue, NWTN's stock price dropped by $0.58, or 14.43%, closing at $3.44 per share on May 28, 2024 [2]. Group 2: Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of NWTN stockholders who may have suffered losses due to the company's actions [1][3]. - The law firm is reaching out to long-term stockholders and those with information regarding the situation to discuss their rights and interests [3]. Group 3: Law Firm Background - Bragar Eagel & Squire, P.C. is a nationally recognized law firm with expertise in representing investors in complex litigation across various courts [4]. - The firm operates in multiple states, including New York, California, and South Carolina, and focuses on commercial and securities litigation [4].
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of NWTN Inc. - NWTN
Prnewswire· 2024-05-30 17:03
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving NWTN Inc. and its officers or directors [1] Group 1: Company Compliance Issues - On May 24, 2024, NWTN announced it received a letter from Nasdaq indicating non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2023 [2] - NWTN has until July 22, 2024, to submit a plan to regain compliance with Nasdaq [2] - Following this announcement, NWTN's stock price dropped by $0.58, or 14.43%, closing at $3.44 per share on May 28, 2024 [2] Group 2: Legal Context - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having recovered billions in damages for victims of securities fraud and corporate misconduct [3]
NWTN Inc. Receives Expected Notification from Nasdaq Related to Delayed Annual Report on Form 20-F
Newsfilter· 2024-05-24 20:10
Core Points - NWTN Inc. has received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2023 [1][2] - The company has 60 calendar days, until July 22, 2024, to submit a plan to regain compliance, with a potential extension of up to 180 days if accepted by Nasdaq [2] - NWTN is actively working to finalize and file the Form 20-F as soon as possible [3] Company Overview - NWTN is an eco-conscious mobility technology company focused on providing passenger-centric green premium mobility solutions globally [1][4] - The company is headquartered in Dubai, UAE, with a vehicle assembly facility in Abu Dhabi and a manufacturing base in Jinhua, China [4] - NWTN is committed to integrating innovative design, personalized lifestyles, IoT, autonomous driving technology, and green energy solutions in its mobility offerings [5]
NWTN Inc. Receives Expected Notification from Nasdaq Related to Delayed Annual Report on Form 20-F
globenewswire.com· 2024-05-24 20:10
Core Points - NWTN Inc. has received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2023 [1][2] - The company has 60 calendar days, until July 22, 2024, to submit a plan to regain compliance, with a potential extension of up to 180 days if accepted by Nasdaq [2] - NWTN is actively working to finalize and file the Form 20-F within the prescribed timeline [3] Company Overview - NWTN is an eco-conscious mobility technology company focused on providing passenger-centric green premium mobility solutions globally [1][4] - The company is headquartered in Dubai, UAE, with a vehicle assembly facility in Abu Dhabi and a manufacturing base in Jinhua, China [4] - NWTN is committed to integrating innovative design, personalized lifestyles, IoT, autonomous driving technology, and green energy solutions in its mobility offerings [5]
NWTN Reminds Shareholders About Share Lending and Recalling
Prnewswire· 2024-05-10 13:52
DUBAI, UAE, May 10, 2024 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the "Company"), today issues this announcement to its shareholders. The company has seen a significant increase in its shares' volatility in the last few days. The company would like to remind its shareholders that they can ask their brokerages NOT to lend their shares in order to reduce the number of shares being ...
NWTN(NWTN) - 2022 Q4 - Annual Report
2023-05-25 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 OR ☐ TRANSITIONAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR c/o Alan Nan WU Office 114-117, Floor 1, Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai ...