secwatch.observer — SEC 8-K summary
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Issuer:     PHOENIX MOTOR INC. (PEVM)
CIK:        0001879848
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001641172-25-003636
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phoenix Motor receives Nasdaq delisting notice for bid price non-compliance; trading suspended April 15
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879848/000164117225003636/0001641172-25-003636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879848/000164117225003636/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-003636

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