TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
NWTN, Inc., a motor vehicle manufacturer, announced today that it has regained compliance with Nasdaq’s Periodic Filing Rule and its securities will continue to be listed on the Nasdaq Capital Market. The company, based in the Cayman Islands, had previously been at risk of delisting due to delays in filing its Annual Report for the year ended December 31, 2024.
On May 21, 2025, NWTN received a delisting determination from Nasdaq after failing to submit its 2024 Annual Report on time. The company responded by requesting a hearing to appeal the determination and requested an extension for the trading suspension. The filing of the overdue Annual Report with the Securities and Exchange Commission occurred on June 10, 2025.
Following this submission, Nasdaq’s General Counsel’s Office notified NWTN on June 13, 2025, that the company had regained compliance with the listing requirements. Consequently, the hearing that was scheduled for July 1, 2025, has been canceled. This development allows for the continued trading of NWTN’s securities on the Nasdaq market.
The information reported here is based on a press release statement.
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