NWTN Receives Nasdaq Staff Delisting Determination for Non-Compliance with Listing Rule 5250(c)(1)

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].