---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-122235"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2022-11-28T23:59:59+00:00"
generated_at: "2026-06-21T12:52:03.090376+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor enters $10M equity purchase agreement with Yorkville; issues 61,421 commitment shares

## Summary
- Company has right to sell up to $10M of common stock to Yorkville over 36 months at 93% of market price.
- Issued 61,421 commitment shares as consideration for Yorkville's irrevocable commitment.
- Each advance capped at 100% of 5-day average daily trading volume; 9.99% ownership limit applies.
- Yorkville may not purchase shares that exceed Exchange Cap (19.9% of outstanding) unless stockholder approval or price threshold met.

## SEC filing metadata
- accession: 0001104659-22-122235
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2022-11-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000110465922122235/0001104659-22-122235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000110465922122235/tm2231298d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-122235
- JSON: https://secwatch.observer/filing/0001104659-22-122235.json
- Plain text: https://secwatch.observer/filing/0001104659-22-122235.txt

## Key facts
- Material Agreements
  PHOENIX MOTOR INC. entered into Standby Equity Purchase Agreement with YA II PN, Ltd. (Yorkville) valued at up to $10,000,000 (effective 2022-11-22).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: YA II PN, Ltd. (Yorkville)
  - Value: up to $10,000,000
  - Effective: 2022-11-22
  source text: On November 22, 2022, Phoenix Motor Inc. (the “Company”) entered into a Standby Equity Purchase Agreement (the “SEPA”) with YA II PN, Ltd. (“Yorkville”). Pursuant to the SEPA, the Company shall have the right, but not the obligation, to sell to Yorkville up to $10,000,000 of its shares of common stock, par value $0.0004 per share, at the Company’s request any time during the commitment period commencing on November 22, 2022 and terminating on the earliest of (i) the first day of the month following the 36-month anniversary of the SEPA and (ii) the date on which Yorkville shall have made payment of any advances requested pursuant to the SEPA for shares of the Company’s common stock equal to the commitment amount of $10,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465922122235/0001104659-22-122235-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.