NWTN - NWTN STOCK NEWS

NWTN has received a delisting determination notice from Nasdaq due to failing to file its 2023 Annual Report and regain compliance with Listing Rule 5250(c)(1) by November 11, 2024. Unless appealed by November 19, 2024, Nasdaq will suspend trading of NWTN's ordinary shares and warrants on November 21, 2024. The company intends to request a hearing to appeal the determination and seek an extended stay of the trading suspension. NWTN is working to file the 2023 Annual Report but cannot guarantee regaining compliance or maintaining Nasdaq listing.

NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company, has been granted an extension by Nasdaq to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2023. This extension comes after NWTN received a deficiency letter on May 22, 2024, for non-compliance with Listing Rule 5250(c)(1). NWTN submitted a plan to regain compliance, which Nasdaq has accepted.

Under the terms of the exception, NWTN must file the 2023 20-F on or before November 11, 2024. Failure to meet this deadline may result in delisting, subject to appeal. NWTN is working diligently to complete and file the report as soon as possible within the given timeframe.

NWTN, an eco-conscious mobility technology company, has received a notification from Nasdaq concerning its delayed Annual Report on Form 20-F for the year ending December 31, 2023. Nasdaq has stated that NWTN is not in compliance with Listing Rule 5250(c)(1), but this notification does not immediately affect the listing or trading of NWTN's securities. The company has until July 22, 2024, to submit a compliance plan, which, if accepted, could grant them up to November 11, 2024, to meet the requirements. Failure to comply could result in delisting, though NWTN is working diligently to resolve the issue.

NWTN Inc. reminds shareholders about share lending and recalling due to recent increase in share volatility. Shareholders are advised to prevent short selling by opting out of share lending programs and recalling shares if already loaned out. Investors can move shares into a cash account, opt out of securities lending programs, or transfer shares to the Company's transfer agent. The company emphasizes that the information provided is not investment advice and advises shareholders to consult their financial advisors.

NWTN Inc. (Nasdaq: NWTN) announced its unaudited financial results for the six months ended June 30, 2023. The company reported a revenue of $0.6 million, gross margin of 10.8%, and a net loss of $69.8 million. The company has completed the construction of its electric vehicle assembly facility in Khalifa Economic Zones Abu Dhabi and is investing significantly in R&D, particularly in developing its premium flagship Smart Passenger Vehicle, the MUSE. However, NWTN entered a share subscription agreement with CENEV, which was terminated due to significant uncertainties on the likelihood of CENEV's being able to meet various closing conditions under the agreement.

NWTN Inc. (Nasdaq: NWTN) collaborates with Abu Dhabi Islamic Bank PJSC (ADIB) to enhance the electric vehicle market in the UAE and beyond, offering exclusive auto financing options for Rabdan vehicles.

NWTN Inc. (Nasdaq: NWTN) partners with China State Construction Engineering Corporation (Middle East) LLC (CSCEC) to advance new energy vehicles and green hydrogen projects, marking a significant stride in international cooperation and sustainable development.

NWTN Inc. (Nasdaq: NWTN) has made a remarkable impact at the COP28 conference with its eco-conscious mobility technology and passenger-centric green premium mobility solutions. The company's joint exhibition with the UAE Ministry of Industry and Advanced Technology, Abu Dhabi Ports, Abu Dhabi Department of Economic Development, and China Construction showcased its commitment to promoting cleaner energy ecosystems and innovative transportation solutions. NWTN's partnerships and strategies have received high-level endorsements, and its 'Made in the Emirates' certification for the Rabdan One vehicle marks a significant achievement. The company's dedication to advancing sustainable mobility and its innovative exhibits at COP28 reflect its mission of shaping a zero-emissions future.

NWTN Inc. (Nasdaq: NWTN) to exhibit augmented reality interactive experience at COP28 UAE, showcasing clean energy value chain technologies and passenger-centric green mobility solutions.