Core Viewpoint - NWTN Inc. is under investigation for potential violations of federal securities laws and unlawful business practices, following a compliance issue with Nasdaq regarding its Annual Report [1][2]. Group 1: Compliance Issues - On May 24, 2024, NWTN received a notification from Nasdaq stating it is not in compliance with Listing Rule 5250(c)(1) due to the failure to file its Annual Report on Form 20-F for the year ended December 31, 2023 [2]. - NWTN has until July 22, 2024, to submit a plan to regain compliance with Nasdaq [2]. - Following the announcement of the compliance issue, NWTN's stock price dropped by 3.44 per share on May 28, 2024 [2]. Group 2: Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of NWTN stockholders who may have suffered losses due to the company's actions [1][3]. - The law firm is reaching out to long-term stockholders and those with information regarding the situation to discuss their rights and interests [3]. Group 3: Law Firm Background - Bragar Eagel & Squire, P.C. is a nationally recognized law firm with expertise in representing investors in complex litigation across various courts [4]. - The firm operates in multiple states, including New York, California, and South Carolina, and focuses on commercial and securities litigation [4].
NWTN ALERT: Bragar Eagel & Squire, P.C. is Investigating NWTN Inc. on Behalf of NWTN Stockholders and Encourages Investors to Contact the Firm