---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-039002"
form_type: "8-K/A"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T23:48:28.951352+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor says Proterra acquisition financial statements filed April 10 are unreliable

## Summary
- On April 30, 2024, management and audit committee determined Exhibits 99.1 and 99.2 from prior 8-K/A cannot be relied upon.
- Proterra financials labeled audited but were unaudited due to disclaimer opinion from Ping Xie CPA LLC.
- Balance sheet included significant assets not acquired and liabilities not assumed; revenue/expenses cannot be determined.
- Pro forma financials did not apply purchase accounting per Article 11 of Regulation S-X.
- Item 9.01(a) audited financials unavailable due to integrated Proterra data and lack of access; company cannot provide required statements.

## SEC filing metadata
- accession: 0001493152-24-039002
- form_type: 8-K/A
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000149315224039002/0001493152-24-039002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000149315224039002/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-039002
- JSON: https://secwatch.observer/filing/0001493152-24-039002.json
- Plain text: https://secwatch.observer/filing/0001493152-24-039002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.