{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-112237","form_type":"8-K","ticker":"PEVM","cik":"0001879848","company_name":"PHOENIX MOTOR INC.","filed_at":"2023-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.256255+00:00","generated_at":"2026-06-09T07:19:52.859026+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Phoenix Motor ups convertible note funding to $9.7M, issues warrant for 1.5M shares","bullets":["Issued $1.75M additional principal amount of unsecured senior convertible note to JAK Opportunities II.","Warrant to purchase 1.5M common shares at $1.30 per share, full ratchet anti-dilution, 6-year term.","Total principal amount under note increased to $10.56M; funding amount raised to $9.67M.","Company must file resale registration statement within 30 days for shares underlying warrant and note."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-112237","json":"https://secwatch.observer/filing/0001104659-23-112237.json","markdown":"https://secwatch.observer/filing/0001104659-23-112237.md","text":"https://secwatch.observer/filing/0001104659-23-112237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1879848/000110465923112237/0001104659-23-112237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1879848/000110465923112237/tm2329305d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T07:19:52.859026+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"240ec94222da0170f044ca2a6bda0f00e0d347ac","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879848/000110465923112237/0001104659-23-112237-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"increased to an aggregate principal amount equal to no greater than $9,666,500, and the total principal amount was incre"},{"label":"Counterparty","value":"a certain accredited investor"},{"label":"Rate","value":"original issue discount of 8.5%"},{"label":"Maturity","value":"36 months following the date of the Original SPA"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"4b29d6b3f23942985fc87321f7a52bd47bc4883e","claim":"PHOENIX MOTOR INC. amended First Amendment with certain accredited investor named therein (effective 2023-10-26).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879848/000110465923112237/0001104659-23-112237-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain accredited investor named therein"},{"label":"Effective","value":"2023-10-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}