---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-010174"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T10:13:28.516151+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 $4.8M in registered direct offering and warrant sale

## Summary
- Sold 4,196,370 shares at $1.15 per unit with warrants to purchase 4,196,370 shares at $2.00, 5-year term.
- Gross proceeds $4.8M; net proceeds ~$4.5M after expenses, for general working capital.
- Offering closed on February 2, 2024; common stock offered via shelf registration S-3 (File No. 333-273253).
- Warrants issued in private placement under Section 4(a)(2) and Regulation D, not registered.

## SEC filing metadata
- accession: 0001104659-24-010174
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2024-02-02T23:59:59+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, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000110465924010174/0001104659-24-010174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000110465924010174/tm245100d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-010174
- JSON: https://secwatch.observer/filing/0001104659-24-010174.json
- Plain text: https://secwatch.observer/filing/0001104659-24-010174.txt

## Key facts
- Material Agreements
  PHOENIX MOTOR INC. entered into Securities Purchase Agreement with certain accredited investors valued at at a combined offering price of $1.15 (effective 2024-01-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: at a combined offering price of $1.15
  - Effective: 2024-01-29
  source text: Phoenix Motor Inc. (the "Company") entered into a Securities Purchase Agreement dated January 29, 2024 (the "Purchase Agreement") with certain accredited investors (the "Investors"), to issue and sell in a registered direct offering (the "RD Offering") an aggregate of 4,196,370 shares of the Company’s common stock (the "Common Stock").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465924010174/0001104659-24-010174-index.htm

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