NWTN Inc. Faces Nasdaq Delisting Warning Over Unfiled 20-F
Ticker: AIIOW · Form: 6-K · Filed: May 24, 2024 · CIK: 1932737
Sentiment: bearish
Topics: listing-compliance, sec-filing, delisting-risk
Related Tickers: NWTN
TL;DR
NWTN got a Nasdaq warning for not filing its 2023 annual report (20-F).
AI Summary
NWTN Inc. received a deficiency notice from the Nasdaq Stock Market on May 22, 2024, because it has not yet filed its Form 20-F for the period ended December 31, 2023. This failure to file means the company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1).
Why It Matters
Failure to file required financial reports with the SEC can lead to delisting from major stock exchanges, impacting investor confidence and stock liquidity.
Risk Assessment
Risk Level: medium — Receiving a deficiency notice from Nasdaq for non-compliance with listing rules indicates a potential risk of delisting, which can negatively impact the stock.
Key Players & Entities
- NWTN Inc. (company) — The company that received the deficiency notice.
- Nasdaq Stock Market (company) — The stock exchange that issued the deficiency notice.
- May 22, 2024 (date) — The date NWTN Inc. received the deficiency notice.
- December 31, 2023 (date) — The period end date for the unfiled Form 20-F.
- Nasdaq Listing Rule 5250(c)(1) (rule) — The specific rule NWTN Inc. is not complying with.
FAQ
What specific form has NWTN, Inc. failed to file?
NWTN, Inc. has failed to file its Form 20-F for the period ended December 31, 2023.
What is the consequence of not filing the Form 20-F?
The consequence is that NWTN, Inc. no longer complies with Nasdaq Listing Rule 5250(c)(1).
When did NWTN, Inc. receive the deficiency notice from Nasdaq?
NWTN, Inc. received the deficiency notice on May 22, 2024.
Which stock exchange issued the deficiency notice?
The Nasdaq Stock Market issued the deficiency notice.
What is the fiscal year end for NWTN, Inc.?
NWTN, Inc.'s fiscal year ends on December 31.
Filing Stats: 238 words · 1 min read · ~1 pages · Grade level 11.5 · Accepted 2024-05-24 16:11:34
Filing Documents
- ea0206860-6k_nwtninc.htm (6-K) — 11KB
- ea020686001ex99-1_nwtninc.htm (EX-99.1) — 8KB
- 0001213900-24-046644.txt ( ) — 21KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 001-41559 NWTN Inc. (Translation of registrant’s name into English) c/o Alan Nan WU Office 114-117, Floor 1, Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, UAE (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Explanatory Note: On May 22, 2024, NWTN Inc. (the “Company”) issued a press release announcing receipt of a deficiency notice from Nasdaq Stock Market (“Nasdaq”) informing the Company that since it has not yet filed its Form 20-F for the period ended December 31, 2023, it no longer complies with the Listing Rule 5250(c)(1) for continued listing. A copy of the press release is attached hereto as Exhibit 99.1. 1 EXHIBIT INDEX Number Description of Exhibit 99.1 Press Release dated May 24, 2024 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 24, 2024 NWTN Inc. By: /s/ Alan Nan Wu Name: Alan Nan Wu Title: Chief Executive Officer, Executive Director and Chairman 3