secwatch.observer — SEC 8-K summary
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Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001104659-24-053016
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Phoenix Motor enters waiver with investor, waives $12M note purchase right; reserves 29.7M shares for conversion
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- Investor JAK Opportunities II LLC waives right to require Phoenix to sell $12M of secured convertible notes under Nov 2023 SPA.
- Phoenix reserves 29,690,000 shares for conversion of June 2023 convertible note and warrants.
- Waiver effective April 5, 2024; no change to existing note terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000110465924053016/0001104659-24-053016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000110465924053016/tm2412829d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-053016

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