---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-040735"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2024-10-10T23:59:59+00:00"
generated_at: "2026-05-30T16:56:25.189281+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor fails Nasdaq bid price rule; equity compliance regained

## Summary
- As of Oct 9, 2024, company remains non-compliant with Nasdaq's $1 minimum bid price requirement.
- Company may qualify for second 180-day cure period; plans reverse stock split if needed.
- Stockholders' equity deficiency resolved: Q1 2024 reported $23.7M equity vs $2.5M minimum; Q2 2024 estimated ~$18M.
- Nasdaq will monitor equity compliance; future non-compliance could trigger delisting proceedings.

## SEC filing metadata
- accession: 0001493152-24-040735
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2024-10-10T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000149315224040735/0001493152-24-040735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000149315224040735/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-040735
- JSON: https://secwatch.observer/filing/0001493152-24-040735.json
- Plain text: https://secwatch.observer/filing/0001493152-24-040735.txt

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