PHOENIX MOTOR INC. (PEVM): Nasdaq/NYSE listing notice — Nasdaq Panel denies Phoenix Motor's appeal; delisting from Nasdaq confirmed

PHOENIX MOTOR INC.

Nasdaq Hearings Panel denied company's request to continue listing; stock remains delisted.
Trading suspended on Nasdaq since April 15, 2025; now quoted on OTC Pink under PEVM.
Company has 15 days to request review by Nasdaq Listing and Hearing Review Council.
Delisting likely to adversely affect trading liquidity and stock price.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

PHOENIX MOTOR INC. received a nasdaq delisting notice notice regarding other (rules 5250(c)(1), 5550(a)(2), 5620(a)).

Exchange: nasdaq
Notice: delisting notice
Rules: 5250(c)(1), 5550(a)(2), 5620(a)

Exact text from the filing

on April 10, 2025 and May 2, 2025, on April 8, 2025 and April 30, 2025, the Company received notices from the Nasdaq Listing Qualifications Department (the “Staff”) stating that the Staff had determined to delist the Company’s securities due to the Company’s non-compliance with Nasdaq Listing Rules 5250(c)(1), 5550(a)(2) and Rule 5620(a), the periodic filing, bid price and shareholder meeting rules, respectively. Trading of the Company’s common stock on Nasdaq was suspended on April 15, 2025. The Company subsequently appealed the Staff’s determination to the Panel at an oral hearing on May 20

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PHOENIX MOTOR INC. filing history →

Source: SEC EDGAR

accession 0001641172-25-015929

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