Phoenix Motor receives second Nasdaq delinquency notice over late Q2 2024 10-Q

PHOENIX MOTOR INC.

Received Nasdaq delinquency letter on Aug 16, 2024 for failing to file Q2 2024 Form 10-Q on time.
Prior delinquency for Q1 2024 (May 22, 2024); now must regain compliance by Nov 18, 2024.
Must submit compliance plan update by Sept 3, 2024 including Q2 filing plan.
No immediate effect on listing; common stock continues trading on Nasdaq under symbol PEV.
Company intends to file both delinquent 10-Qs as soon as practicable.

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