Latest news with #NWTN
Associated Press
2 days ago
- Business
- Associated Press
NWTN Investors Have Opportunity to Join NWTN Inc. Fraud Investigation with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)--Jun 7, 2025-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of NWTN Inc. ('NWTN' or 'the Company') (NASDAQ: NWTN ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. NWTN disclosed on May 28, 2025, that it had received a determination notice from Nasdaq indicated that the Company's securities will be delisted for failing to comply with listing rules. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at [email protected]. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. View source version on CONTACT: The Schall Law Firm Brian Schall, Esq. 310-301-3335 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: The Schall Law Firm Copyright Business Wire 2025. PUB: 06/07/2025 03:56 PM/DISC: 06/07/2025 03:55 PM
Business Wire
3 days ago
- Business
- Business Wire
NWTN Investors Have Opportunity to Join NWTN Inc. Fraud Investigation with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of NWTN Inc. ('NWTN' or 'the Company') (NASDAQ: NWTN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. NWTN disclosed on May 28, 2025, that it had received a determination notice from Nasdaq indicated that the Company's securities will be delisted for failing to comply with listing rules. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Business Upturn
4 days ago
- Business
- Business Upturn
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NWTN Inc.
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of NWTN Inc. ('NWTN' or the 'Company') (NASDAQ: NWTN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether NWTN and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On May 28, 2025, NWTN disclosed receipt of a determination notice from Nasdaq, informing the Company that its securities will be delisted from Nasdaq in accordance with its listing rules. On this news, NWTN's stock price fell $0.72 per share, or 32%, over the following two trading sessions, to close at $1.53 per share on May 30, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP [email protected] 646-581-9980 ext. 7980
Yahoo
28-05-2025
- Business
- Yahoo
NWTN Receives Nasdaq Staff Delisting Determination for Non-Compliance with Listing Rule 5250(c)(1)
DUBAI, United Arab Emirates, May 28, 2025 (GLOBE NEWSWIRE) -- NWTN Inc. (Nasdaq: NWTN), a Dubai-headquartered Intelligent New Energy Vehicles (NEV) and smart technology company ('NWTN' or the 'Company'), today announced that it received a determination notice from the staff (the 'Staff') of The Nasdaq Stock Market LLC ('Nasdaq') informing the Company that as a result of the Company's failure to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2024 (the '2024 Annual Report') with the Securities and Exchange Commission (the 'SEC') and comply with Nasdaq Listing Rule 5250(c)(1), the Company's securities will be delisted from Nasdaq in accordance with Nasdaq Listing Rule 5814(d)(4)(B) (the 'Delisting Determination'). Unless the Company requests an appeal of the delist determination by May 28, 2025, trading of the Company's ordinary shares and warrants will be suspended at the opening of business on May 30, 2025 and a Form 25-NSE will be filed with the SEC, which will remove the Company's securities from listing and registration on Nasdaq. The Delisting Determination does not result in the immediate suspension of trading or delisting of the Company's securities, and the Company has requested (i) a hearing to appeal the Delisting Determination and (ii) an extended stay of the trading suspension until a Nasdaq Hearings Panel has rendered a decision on the appeal. There can be no assurance that the Nasdaq Hearings Panel will grant the Company's request for continued listing or stay the suspension of the Company's securities. The Company recognizes that trust is earned through transparency and adherence to robust standards, and that its shareholders deserve consistent and transparent financial disclosures. The Company is committed to implementing an enhanced governance framework that delivers timely and accurate reporting. The Company filed its Annual Report for the fiscal year ended December 31, 2023 on April 28, 2025 and its interim report for the six months ended June 30, 2024 on May 12, 2025, and it is working diligently to file the 2024 Annual Report as soon as practicable. However, there can be no assurance that the Company will be able to regain compliance with this requirement or will otherwise maintain compliance with other Nasdaq listing criteria. ABOUT NWTN NWTN is a global innovator in smart EVs, green energy solutions, and autonomous driving technologies, headquartered in Dubai, UAE. For further information, please visit: FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as 'may,' 'will,' 'expect,' 'intend,' 'anticipate,' believe,' 'estimate' and 'continue' or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information. These forward-looking statements include, but are not limited to, NWTN's expectations as to the filing of the 2024 Annual Report, compliance with the Nasdaq Listing Rules and NWTN's ability to regain compliance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks that (i) the requests for a Hearings Panel hearing and an extended stay of the suspension may not be granted, (ii) even if a Panel hearing is granted, the Hearings Panel may agree with the Delisting Determination and NWTN's securities may be removed from listing and registration on Nasdaq, (iii) NWTN may not be able to maintain compliance with any other applicable listing requirements, and face delisting, and (iv) the other risk factors contained in NWTN's filings with the SEC, which are available for review at Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible for NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT Investor RelationshipsEmail: pr@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Automotive
- Yahoo
NWTN Appoints New CEO to Drive Strategic Transformation
DUBAI, UAE, May 16, 2025 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), a Dubai-headquartered Intelligent New Energy Vehicles (NEV) and smart technology company, announced the appointment of Mr. Benjamin Zhai as Executive Director of the Board and Global Chief Executive Officer. This leadership change marks a milestone in NWTN's strategic evolution, transforming from a NEV manufacturer to a global smart technology platform, poised to revolutionize innovation and supply chain ecosystem. The NWTN board announcement stated, "We are excited to have Mr. Zhai to lead the company's transformation and growth in the next phase. Mr. Zhai's deep experience and impressive track record in building and transforming technology companies is a perfect match for our group." Mr. Zhai brings over three decades of global leadership experience across technology, mobility, and venture investment. He has worked extensively in Asia, Americas, Europe and Oceania, and has held senior roles at EDS (now HP), Kearney, Egon Zehnder, and Russell Reynolds, and played critical roles in several high-growth ventures such as NIO. He was former Chairman of NIO Global User Trust, CEO of Canoo (Go EV) China, CEO of Shenzhen Talent Group, Managing Partner of Russell Reynolds' Automotive Practice in Asia Pacific and Americas, Managing Partner of Egon Zehnder's Industrial Practice in Asia Pacific. "NWTN is embarking on an exciting journey, fueled by AI, electrification, and new version of globalization," said Mr. Zhai. "With UAE as our global hub, we are committed to builing a platform combining smart manufacturing, agile supply chains, and industrial-digital finance." Under Mr. Zhai's leadership, NWTN will implement a transformative three-pillar strategy: Global Smart Innovation – Expand product offerings beyond NEVs to include autonomous logistics systems, drones, and smart wearables and other smart devices. Advanced Manufacturing in UAE – Establish the NWTN Smart Industrial Park in Abu Dhabi, integrating R&D, vehicle assembly, and intelligent equipment production to enhance smart manufacturing capabilities. Industrial-Digital Finance Convergence – Leverage the UAE's strengths in industry policy, technology and talent, to create a "technology + manufacturing + capital" model. "There is no better place than UAE to drive NWTN's transformation. We look forward to partnering with technology innovators and entrepreneurs around the world, and we are committed to making this world more intelligent, more connected and more integrated." Mr. Zhai concluded. About NWTN NWTN is a global innovator in smart EVs, green energy solutions, and autonomous driving technologies, headquartered in Dubai, UAE. For Media Enquiries:NWTN PR TeamEmail: pr@ View original content: SOURCE NWTN Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
