Phoenix Motor receives Nasdaq delinquency notice for late Q3 10-Q filing

PHOENIX MOTOR INC.

Received Nasdaq deficiency letter on Nov. 20, 2024 for failing to timely file Q3 2024 Form 10-Q.
Stock continues to trade on Nasdaq Capital Market under symbol PEV with no immediate delisting.
Company has 60 calendar days (until Jan. 21, 2025) to submit a plan to regain compliance.
If plan accepted, Nasdaq may grant exception up to May 19, 2025 to file the overdue 10-Q.
Company states it is completing the Form 10-Q and intends to file as soon as practicable.

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