---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-013457"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:29:54.172348+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-013457
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000110465924013457/0001104659-24-013457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000110465924013457/tm244901d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-013457
- JSON: https://secwatch.observer/filing/0001104659-24-013457.json
- Plain text: https://secwatch.observer/filing/0001104659-24-013457.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465924013457/0001104659-24-013457-index.htm

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