{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-005631","form_type":"8-K","ticker":"PEVM","cik":"0001879848","company_name":"PHOENIX MOTOR INC.","filed_at":"2025-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.460371+00:00","generated_at":"2026-05-27T00:27:51.483327+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Phoenix Motor restates Q1 and Q2 2024 financials due to warrant accounting errors","bullets":["Audit committee concluded Q1 and Q2 2024 financials should no longer be relied upon due to misstatements.","Warrants issued in Q1 2024 should have been accounted as liabilities, not equity.","Q1 2024: understatement of loss on warrants of $7.4M; warrant liability understated by $7.1M.","Q2 2024: understatement of gain on change in fair value of $5.2M (Q2) and $14.6M (six months); APIC overstated by $9.1M.","Company to amend Q1 and Q2 10-Qs; previously disclosed material weaknesses in internal controls contributed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-005631","json":"https://secwatch.observer/filing/0001493152-25-005631.json","markdown":"https://secwatch.observer/filing/0001493152-25-005631.md","text":"https://secwatch.observer/filing/0001493152-25-005631.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1879848/000149315225005631/0001493152-25-005631-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1879848/000149315225005631/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T00:27:51.483327+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}