Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PHOENIX MOTOR INC. incurred senior notes of up to $5.1 million aggregate principal amount with certain investors at Prime Rate plus 4.75% per annum in cash, or Prime Rate plus 7.75% per annum if i maturing 18 months after the date of issuance at each applicable closing.
- Instrument
- senior notes
- Principal
- up to $5.1 million aggregate principal amount
- Counterparty
- certain investors
- Rate
- Prime Rate plus 4.75% per annum in cash, or Prime Rate plus 7.75% per annum if i
- Maturity
- 18 months after the date of issuance at each applicable closing
- Event
- incurrence
Exact text from the filing
On June 23, 2023, Phoenix Motor Inc., a Delaware corporation (the " Company "), entered into a Securities Purchase Agreement (the " SPA ") with certain investors named therein (the " Investors "), to issue and sell, subject to the satisfaction of certain closing conditions, up to $5.1 million aggregate principal amount of the Company’s unsecured senior convertible promissory notes (the " Notes ")
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PHOENIX MOTOR INC. entered into Securities Purchase Agreement with certain investors valued at up to $5.1 million aggregate principal amount (effective 2023-06-23).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain investors
- Value
- up to $5.1 million aggregate principal amount
- Effective
- 2023-06-23
Exact text from the filing
On June 23, 2023, Phoenix Motor Inc., a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ SPA ”) with certain investors named therein (the “ Investors ”), to issue and sell, subject to the satisfaction of certain closing conditions, up to $5.1 million aggregate principal amount of the Company’s unsecured senior convertible promissory notes
View on SEC.gov