Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
PHOENIX MOTOR INC. amended convertible notes of increased to an aggregate principal amount equal to no greater than $9,666,500, and the total principal amount was incre with a certain accredited investor at original issue discount of 8.5% maturing 36 months following the date of the Original SPA.
- Instrument
- convertible notes
- Principal
- increased to an aggregate principal amount equal to no greater than $9,666,500, and the total principal amount was incre
- Counterparty
- a certain accredited investor
- Rate
- original issue discount of 8.5%
- Maturity
- 36 months following the date of the Original SPA
- Event
- amendment
Exact text from the filing
pursuant to the Amendment, under the SPA the "Funding Amount" was increased to an aggregate principal amount equal to no greater than $9,666,500, and the total principal amount was increased to be no greater than $10,564,481, to be reduced by the original issue discount of 8.5% and amounts previously advanced under the Original Note.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PHOENIX MOTOR INC. amended First Amendment with certain accredited investor named therein (effective 2023-10-26).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- certain accredited investor named therein
- Effective
- 2023-10-26
Exact text from the filing
On October 26, 2023, Phoenix Motor Inc., a Delaware corporation (the “ Company ”), entered into that certain First Amendment (the “ Amendment ”) to the Securities Purchase Agreement dated as of June 23, 2023 (the “ Original SPA ” and together with the Amendment, the “ SPA ”), with a certain accredited investor named therein
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