secwatch.observer — SEC 8-K summary
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Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001493152-24-040972
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Phoenix Motor gets Nasdaq extension to April 7, 2025 for minimum bid price compliance
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- Nasdaq granted Phoenix Motor until April 7, 2025 to regain compliance with $1 minimum bid price requirement.
- Company failed to meet the original deadline of October 9, 2024; second 180-day compliance period approved.
- Phoenix Motor intends to cure deficiency via reverse stock split if necessary; split must be completed 10 days before deadline.
- Failure to comply by April 7, 2025 will trigger delisting; Company may appeal to a Nasdaq Hearings Panel.
- Common stock (PEV) continues trading on Nasdaq Capital Market during the extension period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000149315224040972/0001493152-24-040972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000149315224040972/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-040972

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