---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-002555"
form_type: "8-K/A"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T22:48:45.892884+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor amends loan agreement with J.J. Astor to correct conversion price error upon default

## Summary
- Amendment dated April 2, 2025 to Loan Agreement with J.J. Astor & Co. (March 14, 2025).
- On event of default, conversion price set at 80% of average of four lowest VWAP over 20 trading days prior to conversion.
- Initial note amended: original principal $5.3M, bi-weekly installments of $203,846.16, maturity March 13, 2026.
- All other terms of Loan Agreement and Initial Note remain in full force and effect unchanged.

## SEC filing metadata
- accession: 0001641172-25-002555
- form_type: 8-K/A
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000164117225002555/0001641172-25-002555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000164117225002555/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-002555
- JSON: https://secwatch.observer/filing/0001641172-25-002555.json
- Plain text: https://secwatch.observer/filing/0001641172-25-002555.txt

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