Phoenix Motor raises ~$606k via private placement at $0.30/sh; CEO entity invests $480k

PHOENIX MOTOR INC.

Sold 2.02M shares and warrants to purchase 2.02M shares at $0.30, gross proceeds ~$606k.
CEO's entity Palo Alto Clean Tech invested $480k for 1.6M shares and warrants for 1.6M shares.
Warrants exercisable for 2 years, cashless if resale registration not effective.
Proceeds to fund working capital and general corporate purposes.
Stock trading on OTC Pink (PEVMD) after Nasdaq suspension on April 15, 2025.

item 1.01item 3.02item 9.01

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.