other material
confidence high
sentiment neutral
materiality 0.90
Phoenix Motor Inc. announces 1-for-10 reverse stock split effective February 13, 2026
PHOENIX MOTOR INC.
- Stockholders approved reverse split at up to 1-for-10 on December 23, 2025.
- Board of Directors approved 1-for-10 ratio on January 13, 2026.
- Certificate of Amendment filed February 9, 2026; effective 4:01 p.m. ET on February 13, 2026.
- Common stock to trade split-adjusted on OTC under symbol PEVM from February 17, 2026.
- Outstanding shares to reduce from ~13.38 million to ~1.34 million; CUSIP becomes 71910P401.