NWTN Inc., a Cayman Islands-based company, has announced its entry into a share purchase agreement with SEET LLC, a company based in the United Arab Emirates. Under this agreement, NWTN will acquire a 100% equity interest in a special purpose vehicle established by SEET, operating in the UAE's power management and technology sector. Concurrently, SEET will subscribe to NWTN's Class B ordinary shares valued at $100 million, calculated based on the average closing price over the five days preceding the signing of the agreement. The shares issued to SEET will be subject to a three-year lock-up with staged releases. This transaction is subject to certain closing conditions, including the provision of a net debt-free certification by the target and satisfactory due diligence by NWTN. The closing is scheduled within 30 days of the agreement's effective date.