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.
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