NWTN Inc., a company based in the Cayman Islands, has successfully regained compliance with Nasdaq's minimum bid price rule. The company had previously received a deficiency notice on February 18, 2025, due to its Class B Ordinary Shares trading below the required $1.00 minimum bid price for 31 consecutive business days. However, as of June 1, 2025, Nasdaq confirmed that NWTN's shares have met the minimum bid price requirement, trading at $1.00 or higher for 12 consecutive business days from May 14 to May 30, 2025. Consequently, the regulatory issue has been resolved, and the matter is now closed.
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