---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-010354"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2025-03-14T23:59:59+00:00"
generated_at: "2026-05-24T18:55:49.543129+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor dismisses auditor Marcum Asia, cites material weaknesses; engages Yu CPA

## Summary
- Dismissed Marcum Asia CPAs LLP as auditor effective March 7, 2025; Audit Committee approved March 13, 2025.
- Engaged Yu Certified Public Accountant PC as new auditor for FYE Dec 31, 2024, effective March 13, 2025.
- Prior audit reports contained going-concern explanatory paragraph; no adverse opinion or disclaimer.
- Reported material weaknesses in internal controls including control environment, risk assessment, monitoring, and governance.
- Company was released as guarantor of $15M SPI debt to Streeterville on September 6, 2024.

## SEC filing metadata
- accession: 0001493152-25-010354
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2025-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000149315225010354/0001493152-25-010354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000149315225010354/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-010354
- JSON: https://secwatch.observer/filing/0001493152-25-010354.json
- Plain text: https://secwatch.observer/filing/0001493152-25-010354.txt

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