secwatch.observer — SEC 8-K summary
======================================

Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001104659-23-109592
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000110465923109592/0001104659-23-109592-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000110465923109592/tm2328616d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-109592

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer