NWTN Inc. Announces Change to Voting Agenda for Upcoming Extraordinary General Meeting

Rhea-AI Summary

NWTN Inc. (NASDAQ: NWTN), a UAE-based company, has announced a modification to the voting agenda for its upcoming extraordinary general meeting (EGM) scheduled for August 12, 2025. The company has decided to withdraw Proposal No.2, which concerned the removal of certain directors from the board.

The EGM will proceed as scheduled at 3 p.m. Dubai local time. The company has already notified Continental Stock Transfer & Trust Company, its share registrar and transfer agent, about the withdrawal of this proposal from the voting agenda.

News Market Reaction

-11.54%

4 alerts

-11.54% News Effect

-23.2% Trough Tracked

-$50M Valuation Impact

$380M Market Cap

0.9x Rel. Volume

On the day this news was published, NWTN declined 11.54%, reflecting a significant negative market reaction. Argus tracked a trough of -23.2% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $50M from the company's valuation, bringing the market cap to $380M at that time.

Data tracked by StockTitan Argus on the day of publication.

DUBAI, UAE, Aug. 8, 2025 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN) (the "Company" or "NWTN"), a Nasdaq-listed company headquartered in the UAE, today announced a change to the voting agenda for its upcoming extraordinary general meeting of shareholders (the "EGM") scheduled for August 12, 2025 at 3 p.m. Dubai local time.

On July 28, 2025, the Company announced that it will hold the EGM on August 12, 2025 at 3 p.m., Dubai local time. On August 7, 2025, the Company intended to withdraw the proposal regarding the removal of certain directors from the board (the "Proposal No.2") from the voting agenda of the upcoming EGM. Accordingly, the Company informed its share registrar and transfer agent, Continental Stock Transfer & Trust Company, of such intended withdrawal of Proposal No.2.

About NWTN Inc.

NWTN Inc. (Nasdaq: NWTN), a UAE-headquartered global intelligent technology company, focuses on smart mobility, smart manufacturing, and smart contracts. By integrating smart manufacturing with its global ecosystem platform, the Group is expanding its smart technology ecosystem across markets including MENA, Southern Europe, and beyond, driving sustainable development through technological innovation.

 

View original content:https://www.prnewswire.com/news-releases/nwtn-inc-announces-change-to-voting-agenda-for-upcoming-extraordinary-general-meeting-302525259.html

SOURCE NWTN Inc.

FAQ

When is NWTN's extraordinary general meeting (EGM) scheduled for 2025?

NWTN's EGM is scheduled for August 12, 2025 at 3:00 PM Dubai local time.

What change did NWTN make to its EGM voting agenda in August 2025?

NWTN withdrew Proposal No.2 from the voting agenda, which was related to the removal of certain directors from the board.

Who is NWTN's share registrar and transfer agent?

NWTN's share registrar and transfer agent is Continental Stock Transfer & Trust Company.

Where is NWTN headquartered?

NWTN is headquartered in the United Arab Emirates (UAE).