NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against NWTN Inc. (“NWTN” or the “Company”) (NASDAQ: NWTN) on behalf of NWTN stockholders. Our investigation concerns whether NWTN has violated the federal securities laws and/or engaged in other unlawful business practices.
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On May 24, 2024, NWTN issued a press release "announc[ing] that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ('Nasdaq') stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its Annual Report on Form 20-F for the period ended December 31, 2023 (the 'Form 20-F') with the Securities and Exchange Commission (the 'SEC')" and that "the Company has 60 calendar days, or no later than July 22, 2024, to submit a plan to regain compliance."
On this news, NWTN's stock price fell $0.58 per share, or 14.43%, to close at $3.44 per share on May 28, 2024.
If you purchased or otherwise acquired NWTN shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
