secwatch.observer — SEC 8-K summary
======================================

Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001104659-24-013457
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000110465924013457/0001104659-24-013457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000110465924013457/tm244901d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-013457

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer