secwatch.observer — SEC 8-K summary
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Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001104659-23-112237
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phoenix Motor ups convertible note funding to $9.7M, issues warrant for 1.5M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000110465923112237/0001104659-23-112237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000110465923112237/tm2329305d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-112237

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