secwatch.observer — SEC 8-K summary
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Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001104659-24-048888
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Phoenix Motor receives Nasdaq deficiency letter for negative stockholders' equity
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- Reported stockholders' equity of ($4,839,000) as of Dec 31, 2023, below Nasdaq's $2,500,000 minimum.
- Must submit a plan by June 3, 2024; if accepted, Nasdaq may grant up to 180 days to regain compliance.
- Common stock continues trading on The Nasdaq Capital Market under symbol PEV with no immediate effect.
- No assurance that the plan will be accepted or that compliance can be achieved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000110465924048888/0001104659-24-048888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000110465924048888/tm2412175d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-048888

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