---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-008889"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:08:04.879167+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor raises ~$678k via private placement of 600k shares and warrants

## Summary
- Issued 600,000 shares at $1.13/share and warrants for 600,000 shares exercisable at $1.13 for one year.
- Gross proceeds of ~$678,000 from accredited investor Gaoan Capital Management LLC.
- Proceeds to fund working capital and general corporate purposes.
- Securities offered in unregistered private placement under Section 4(a)(2)/Regulation D.
- Warrants immediately exercisable, cashless exercise if no registration statement effective.

## SEC filing metadata
- accession: 0001104659-24-008889
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000110465924008889/0001104659-24-008889-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000110465924008889/tm244729d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-008889
- JSON: https://secwatch.observer/filing/0001104659-24-008889.json
- Plain text: https://secwatch.observer/filing/0001104659-24-008889.txt

## Key facts
- Material Agreements
  PHOENIX MOTOR INC. entered into Securities Purchase Agreement with accredited investor valued at approximately $678,000 (effective 2024-01-04).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investor
  - Value: approximately $678,000
  - Effective: 2024-01-04
  source text: On January 4, 2024, Phoenix Motor Inc., a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Securities Purchase Agreement ”) with an accredited investor (the “ Purchaser ” ), relating to a private placement (the “ Private Placement ”) by the Company pursuant to which the Company issued 600,000 shares (the “ Shares ”) of the Company’s common stock (the “ Common Stock ”) at a purchase price of $1.13 per share, and a Common Stock purchase warrant (the “ Warrant ”) to purchase up to 600,000 shares of Common Stock, exercisable at $1.13 per share (the “ Warrant Shares ” and, together with the Warrants and the Shares, the “ Securities ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465924008889/0001104659-24-008889-index.htm

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