secwatch.observer — SEC 8-K summary
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Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001104659-24-008889
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000110465924008889/0001104659-24-008889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000110465924008889/tm244729d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-008889

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