Phoenix Motor receives Nasdaq delinquency notice for failure to file 10-K; stock already suspended

PHOENIX MOTOR INC.

Received April 30, 2025 notice of non-compliance with Listing Rule 5250(c)(1) due to failure to file Form 10-K for 2024.
This is an additional delisting basis; prior April 8, 2025 determination for bid price and annual meeting non-compliance.
Nasdaq trading suspended since April 15, 2025; stock now quoted on OTC Pink under symbol PEVM.
Company requested and was granted a hearing before the Nasdaq Hearings Panel; no assurance of reinstatement.

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