secwatch.observer — SEC 8-K summary
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Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001104659-23-109368
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Phoenix Motor fails to regain Nasdaq minimum bid price compliance; requests second 180-day extension
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- Company unable to meet $1.00 minimum bid price closing requirement by October 16, 2023 deadline.
- Received initial deficiency notice from Nasdaq on April 18, 2023; first 180-day period expired.
- Requested a second 180-day compliance period through April 17, 2024 under Nasdaq rules.
- Believes it meets continued listing standards including stockholders' equity >$5 million threshold.
- Nasdaq will decide on extension; denial could result in delisting of Common Stock (PEV).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000110465923109368/0001104659-23-109368-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000110465923109368/tm2328530-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-109368

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