---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-000088"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T09:13:24.906974+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor secures $6M loan from J.J. Astor & Co. for production expansion

## Summary
- Loan up to $6M in two tranches ($4M initial, $2M optional) via senior secured convertible notes.
- Proceeds used to repay ~$1.22M senior debt and fund working capital; notes mature March 2026.
- Conversion price at 85% of lower of prior close or avg of 4 lowest VWAP over 20 days.
- Notes require registration filing within 90 days; subsidiaries guarantee and pledge assets.
- CEO Denton Peng says financing enables production ramp-up to fulfill electric bus orders.

## SEC filing metadata
- accession: 0001641172-25-000088
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000164117225000088/0001641172-25-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000164117225000088/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000088
- JSON: https://secwatch.observer/filing/0001641172-25-000088.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000088.txt

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