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Investing.com -- NWTN Inc. (NASDAQ:NWTN) stock surged 22% after the UAE-based company announced plans to change its name to "Robo.ai Inc." The proposal will be voted on at an extraordinary general meeting scheduled for August 12, 2025.
The Nasdaq-listed company revealed the name change proposal alongside several other significant corporate governance changes to be considered by shareholders. These include the removal of three independent directors—Alain Batty, Joseph Levinson, and Michael S. Cashel—as well as executive director Aaron Huainan Liao from the board. The company has proposed appointing Yehong Ji as a new independent director.
NWTN will hold its extraordinary general meeting at its Dubai Silicon Oasis headquarters, with options for shareholders to participate remotely via webcast. Shareholders of record as of July 16, 2025, will be eligible to vote on the proposals, with Class A ordinary shares carrying twenty-five votes each and Class B ordinary shares carrying one vote each.
The company is also seeking shareholder approval to amend and restate its memorandum and articles of association to reflect the name change. Additionally, NWTN is requesting authorization for any director or executive officer to take necessary actions to implement these changes if approved.
The stock’s dramatic rise suggests investors are responding positively to the potential rebranding and board restructuring, though the company has not provided specific details about the strategic rationale behind the proposed name change to Robo.ai.
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