NWTN Inc. to Hold 2025 Extraordinary General Meeting on August 12, 2025

Rhea-AI Summary

NWTN Inc. (Nasdaq: NWTN) announced it will hold an Extraordinary General Meeting on August 12, 2025 at its Dubai headquarters. The company plans several significant changes, including rebranding to Robo.ai Inc. and restructuring its Board of Directors.

Key proposals include removing three independent directors (Alain Batty, Joseph Levinson, and Michael S. Cashel) and executive director Aaron Huainan Liao, while appointing Yehong Ji as a new independent director. Shareholders of record as of July 16, 2025 are eligible to vote, with Class A shares carrying 25 votes each and Class B shares carrying one vote each.

News Market Reaction – NWTN

+22.02% 28.3x vol

33 alerts

+22.02% News Effect

+53.4% Peak Tracked

-8.9% Trough Tracked

+$91M Valuation Impact

$502M Market Cap

28.3x Rel. Volume

On the day this news was published, NWTN gained 22.02%, reflecting a significant positive market reaction. Argus tracked a peak move of +53.4% during that session. Argus tracked a trough of -8.9% from its starting point during tracking. Our momentum scanner triggered 33 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $91M to the company's valuation, bringing the market cap to $502M at that time. Trading volume was exceptionally heavy at 28.3x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

DUBAI, UAE, July 28, 2025 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN) (the "Company" or "NWTN"), a Nasdaq-listed company headquartered in the UAE, today announced that it will hold its 2025 extraordinary general meeting of shareholders (the "Extraordinary General Meeting") at Office 114-117, Floor 1, Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, UAE on August 12, 2025 at 3 p.m., local time. Shareholders can also participate in the Extraordinary General Meeting, vote, and submit questions via live webcast by visiting https://www.cstproxy.com/nwtn/2025. 

Holders of ordinary shares of record on the close of business on July 16, 2025 (the "Record Date") or their proxy holders are entitled to vote at the Extraordinary General Meeting or any adjournment or postponements thereof. As of the Record Date, each Class A ordinary share is entitled to twenty-five votes, and each Class B ordinary share is entitled to one vote.

The Company proposed to (i) change the Company's name from "NWTN Inc." to "Robo.ai Inc.", (ii) remove independent directors Alain Batty, Joseph Levinson, and Michael S. Cashel, and executive director Aaron Huainan Liao from the board of directors of the Company (the "Board"), (iii) appoint Yehong Ji as a new independent director of the Company, (iv) amend and restate the currently effective Second Amended and Restated Memorandum and Articles of Association of the Company by the deletion in their entirety and by the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association to reflect the change of the Company's name, and (v) authorize any one director or executive officer of the Company to take any and every action that might be necessary, appropriate or desirable to give effect to the foregoing resolutions as such director or executive officer, in his/her absolute discretion, thinks fit, including but not limited to, attendance on any filing or registration procedures for and on behalf of the Company in the Cayman Islands.

The notice of the extraordinary general meeting sets forth the resolutions to be submitted to shareholders of the Company for approval and other relevant information regarding the extraordinary general meeting and how to vote ordinary shares at the extraordinary general meeting.

INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE MATERIALS FILED WITH OR FURNISHED TO THE U.S. SECURITIES AND EXCHANGE COMMISSION, AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE CHANGE OF COMPANY NAME, AND RELATED MATTERS.

About NWTN Inc.

NWTN (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-to-hold-2025-extraordinary-general-meeting-on-august-12-2025-302515516.html

SOURCE NWTN Inc.

FAQ

When and where is NWTN's 2025 Extraordinary General Meeting?

The meeting will be held on August 12, 2025 at 3 p.m. local time at Office 114-117, Floor 1, Building A1, Dubai Digital Park, Dubai Silicon Oasis, UAE. Shareholders can also participate via live webcast.

What is NWTN's proposed new company name?

NWTN Inc. is proposing to change its name to Robo.ai Inc.

What are the key board changes proposed at NWTN's extraordinary meeting?

The company proposes to remove four directors (three independent directors - Alain Batty, Joseph Levinson, and Michael S. Cashel, plus executive director Aaron Huainan Liao) and appoint Yehong Ji as a new independent director.

What are the voting rights for NWTN shareholders?

For shareholders of record as of July 16, 2025, Class A ordinary shares are entitled to 25 votes each, while Class B ordinary shares are entitled to 1 vote each.

How can shareholders participate in NWTN's extraordinary meeting?

Shareholders can attend in person at the Dubai headquarters or participate virtually via live webcast at https://www.cstproxy.com/nwtn/2025, where they can vote and submit questions.