Pomerantz LLP is investigating claims of securities fraud against NWTN Inc. on behalf of investors. The investigation concerns whether NWTN and its officers/directors engaged in unlawful practices. Following the disclosure of a Nasdaq delisting notice, NWTN's stock price fell by 32%. Investors who have suffered losses are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
New York, July 2, 2025 — Pomerantz LLP, a renowned law firm specializing in corporate, securities, and antitrust class litigation, has initiated an investigation into claims of securities fraud against NWTN Inc. (NWTN) on behalf of its investors. The investigation focuses on whether NWTN and certain of its officers and/or directors have engaged in unlawful business practices [1][2].
The investigation follows the company's disclosure of a Nasdaq delisting notice on May 28, 2025, which informed NWTN that its securities would be delisted from Nasdaq in accordance with its listing rules. This news led to a significant drop in NWTN's stock price, which fell by $0.72 per share, or 32%, over the following two trading sessions, closing at $1.53 per share on May 30, 2025 [1][2].
Investors who believe they have suffered losses as a result of these alleged practices are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, has a history of recovering multimillion-dollar damages awards on behalf of class members [1][2].
NWTN Inc., headquartered in the United Arab Emirates, has been undergoing a strategic transformation from a new energy vehicle (NEV) specialist to a global smart technology platform. The company recently appointed Adrian Wong as Chief Financial Officer and John Xie as Chief Operating Officer to lead this transformation [3]. These appointments follow the appointment of Benjamin Zhai as Global CEO in May 2025. Despite these changes, NWTN is currently facing regulatory compliance issues, including the delisting determination notice from Nasdaq [3].
Pomerantz LLP's investigation is a significant development for NWTN Inc. and its investors. The company is working diligently to address these issues and regain compliance, while investors await further developments in the investigation.
References:
[1] https://www.tradingview.com/news/reuters.com,2025-07-14:newsml_GNX3mxnLh:0-investor-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-nwtn-inc-nwtn/
[2] https://www.marketscreener.com/quote/stock/NWTN-INC-146798915/news/Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-NWTN-Inc-NWTN-50450693/
[3] https://www.ainvest.com/news/nwtn-appoints-adrian-wong-cfo-john-xie-coo-2507/
Comments
No comments yet