---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-109592"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:50:35.464290+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor (PEV) gets Nasdaq extension to April 15, 2024 for bid price compliance

## Summary
- Nasdaq granted additional 180 days to meet $1.00 minimum bid price rule; new deadline April 15, 2024.
- Original non-compliance notice received April 18, 2023; initial 180-day period ended October 16, 2023.
- To regain compliance, stock must close at $1.00+ for 10 consecutive business days.
- Company may consider a reverse stock split if needed to cure the deficiency.
- No immediate impact on listing; shares continue trading on Nasdaq under ticker PEV.

## SEC filing metadata
- accession: 0001104659-23-109592
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000110465923109592/0001104659-23-109592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000110465923109592/tm2328616d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-109592
- JSON: https://secwatch.observer/filing/0001104659-23-109592.json
- Plain text: https://secwatch.observer/filing/0001104659-23-109592.txt

## Key facts
- Listing & Compliance Notices
  PHOENIX MOTOR INC. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: extension granted
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: October 17, 2023, the Company received a letter from Nasdaq advising that the Company had been granted a 180-day extension to April 15, 2024 to regain compliance with the Minimum Bid Price Requirement, in accordance with Nasdaq Listing Rule 5810(c)(3)(A). If at any time before April 15, 2024, the closing bid price of the Common Stock is at least $1.00 per share for a minimum of 10 consecutive business days, the Company will regain compliance with this Nasdaq rule and this matter will be closed. The Company will continue to monitor the closing bid price of its Common Stock and may, if appropria
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465923109592/0001104659-23-109592-index.htm

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