Phoenix Motor prices $1.6M registered direct offering of common stock and warrants

PHOENIX MOTOR INC.

Sold 1,415,929 shares of common stock and warrants for 1,415,929 shares at $1.13 per unit.
Gross proceeds of ~$1.6M; warrants exercisable at $2.00 per share for 5 years.
Proceeds to be used for acquisitions and general working capital.
Common stock offered under effective shelf registration; warrants issued in private placement.
Offering closed on February 9, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PHOENIX MOTOR INC. entered into Purchase Agreement with certain accredited investors valued at combined offering price of $1.13 (effective 2024-02-07).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Value: combined offering price of $1.13
Effective: 2024-02-07

Exact text from the filing

Phoenix Motor Inc. (the “Company”) entered into a Securities Purchase Agreement dated February 7, 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 1,415,929 shares of the Company’s common stock, par value $0.0004 per share (the “Common Stock”).

View on SEC.gov

287 material agreements filed in the last 30 days. Browse all material agreements →

PHOENIX MOTOR INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-013457

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.