PHOENIX MOTOR INC. (PEVM): Nasdaq/NYSE listing notice — Phoenix Motor receives Nasdaq delisting notice for bid price non-compliance; trading suspended April 15

PHOENIX MOTOR INC.

Received Nasdaq delisting notice on April 8, 2025 due to minimum bid price non-compliance.
Trading in common stock suspended at opening on April 15, 2025.
Additional delisting basis: failure to hold annual meeting within one year of fiscal year end.
Company requested hearing but suspension not stayed; stock expected to trade OTC if delisted.
Company plans reverse stock split (1:1.5 to 1:5) and annual meeting on April 18, 2025.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

PHOENIX MOTOR INC. received a nasdaq noncompliance notice notice regarding shareholders (rules 5620(a)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: shareholders
Rules: 5620(a)

Exact text from the filing

April 8, 2025, Phoenix Motor Inc. (the “Company”) received a notice from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s continued non-compliance with Listing Rule 5550(a)(2), which requires the Company to maintain a minimum bid price of its listed securities of at least $1 per share, the staff has determined to delist the Company’s common stock from The Nasdaq Capital Market. Trading of the Company’s common stock will be suspended at the opening of business on April 15, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commiss

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

PHOENIX MOTOR INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

April 8, 2025, Phoenix Motor Inc. (the “Company”) received a notice from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s continued non-compliance with Listing Rule 5550(a)(2), which requires the Company to maintain a minimum bid price of its listed securities of at least $1 per share, the staff has determined to delist the Company’s common stock from The Nasdaq Capital Market. Trading of the Company’s common stock will be suspended at the opening of business on April 15, 2025, and a Form 25-NSE will be filed with the Securities and Exchange Commiss

View on SEC.gov

Browse all listing & compliance notices →

PHOENIX MOTOR INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-003636

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.