Phoenix Motor receives Nasdaq delinquency notice for late Q1 10-Q filing

PHOENIX MOTOR INC.

Nasdaq letter dated May 22, 2024 cites non-compliance with Listing Rule 5250(c)(1) for missing Q1 2024 10-Q deadline.
Company has until July 22, 2024 to submit a plan to regain compliance; Nasdaq may grant extension to Nov 18, 2024.
Common stock continues trading on Nasdaq Capital Market under symbol PEV; no immediate delisting effect.
Company states it is working to complete and file the Form 10-Q as soon as practicable.

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