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NWTN ( (NWTN) ) has issued an update.
On July 15, 2025, NWTN Inc. entered into a share purchase agreement with SEET LLC to acquire 100% equity interest in a special purpose vehicle in the UAE’s power management and technology sector. As part of the transaction, SEET will receive NWTN’s Class B ordinary shares worth $100 million, subject to a three-year lock-up period. The agreement includes conditions such as audited financials and regulatory approvals, with the closing scheduled within 30 days. This acquisition aims to strengthen NWTN’s market position and expand its technological capabilities in the region.
More about NWTN
NWTN Inc. is a company based in the Cayman Islands, with its principal office in Dubai, UAE. The company operates in the power management and technology sector, focusing on innovative solutions and maintaining a strong presence in the UAE market.
Average Trading Volume: 1,248,950
Technical Sentiment Signal: Hold
Current Market Cap: $555.2M
For a thorough assessment of NWTN stock, go to TipRanks’ Stock Analysis page.