Source-grounded facts extracted from PHOENIX MOTOR INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
PHOENIX MOTOR INC. incurred term loan of principal amount of $4,000,000 with Concrete Jungle Ltd. at 10.0% per annum maturing May 31, 2027.
“the Company became obligated under the Loan Agreement and the Note. The Note has a principal face amount of $5,000,000, was issued in connection with a $4,000,000 single-draw term loan facility, bears interest at 10.0% per annum, and matures on May 31, 2027, unless earlier paid in accordance with its terms.”
PHOENIX MOTOR INC. amended Amendment to Asset Purchase Agreement with Phoenix Cars LLC, PhoenixEV (effective 2026-06-01).
“In connection with the financing, the Company, Phoenix Cars LLC and PhoenixEV entered into an Amendment to Asset Purchase Agreement, dated as of June 1, 2026 and effective as of December 31, 2025 (the "APA Amendment"), which amends the Asset Purchase Agreement dated as of December 31, 2025 by and among such parties.”
PHOENIX MOTOR INC. entered into PhoenixEV Equity Interest Option Agreement with Concrete Jungle Ltd., PhoenixEV valued at $2,250,000 (effective 2026-06-01).
“In addition, on June 1, 2026, the Company, PhoenixEV and the Lender entered into the PhoenixEV Equity Interest Option Agreement (the "Equity Interest Option Agreement"), pursuant to which the Company granted the Lender an exclusive and irrevocable option to acquire equity interests representing 49.0% of the equity interests of PhoenixEV, calculated on a fully diluted basis, subject to the terms and conditions set forth therein.”
PHOENIX MOTOR INC. entered into Registration Rights Agreement with Concrete Jungle Ltd. (effective 2026-06-01).
“On June 1, 2026, the Company entered into a Registration Rights Agreement with the Lender in connection with the Term Loan, pursuant to which the Company has agreed to has agreed to file and maintain one or more registration statements with the Securities and Exchange Commission covering the resale of the shares of common stock issuable upon exercise of the Warrant (the "Registrable Securities").”
PHOENIX MOTOR INC. entered into Common Stock Purchase Warrant with Concrete Jungle Ltd. (effective 2026-06-01).
“In connection with the Loan Agreement, on June 1, 2026, the Company also issued to the Lender a Common Stock Purchase Warrant (the "Warrant").”
PHOENIX MOTOR INC. entered into Term Loan, Security and Guaranty Agreement with Concrete Jungle Ltd. valued at $4,000,000 (effective 2026-06-01).
“On June 1, 2026, Phoenix Motor Inc., a Delaware corporation (the "Company" or the "Borrower"), entered into a Term Loan, Security and Guaranty Agreement (the "Loan Agreement") with the guarantors from time to time party thereto and Concrete Jungle Ltd., a company organized and existing under the laws of the British Virgin Islands, as lender (the "Lender").”
PHOENIX MOTOR INC.: Filed amendment to Certificate of Incorporation to effect a 1-for-10 reverse stock split (effective 2026-02-13).
“On February 9, 2026, Phoenix Motor Inc., a Delaware corporation (the “Company”), filed an amendment to its Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware to effect a 1-for-10 reverse stock split”
PHOENIX MOTOR INC.: Reduced quorum requirement for stockholder meetings from a majority to one-third (33 1/3%) of shares entitled to vote (effective 2025-11-13).
“On November 13, 2025, the Board of Directors (the “Board”) of Phoenix Motor Inc. (the “Company”) approved an amendment to the Company’s Bylaws (the “Bylaws”) to reduce the quorum requirement for stockholder meetings from a majority to one-third (33 1/3%) of the shares of capital stock issued and outstanding and entitled to vote (the “Bylaw Amendment”).”
PHOENIX MOTOR INC.: Filed amendment to Certificate of Incorporation to effect a 1-for-5 reverse stock split (effective 2025-07-31).
“On July 29, 2025, Phoenix Motor Inc., a Delaware corporation (the “Company”), filed an amendment to its Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware to effect a 1-for-5 reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, par value $0.0004 per share (the “Common Stock”).”
PHOENIX MOTOR INC. received a nasdaq delisting notice notice regarding other (rules 5250(c)(1), 5550(a)(2), 5620(a)).
“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”
PHOENIX MOTOR INC. received a nasdaq deficiency notice notice regarding shareholders (rules 5620(a)).
“January 10, 2025, Phoenix Motor Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), which stated that the Company no longer complies with Nasdaq’s continued listing rules due to the Compan”
James Young was elected as Director at PHOENIX MOTOR INC..
“elect Julia Yu, Yongmei (May) Huang and James Young as members of the board of directors”
Yongmei Huang was elected as Director at PHOENIX MOTOR INC..
“elect Julia Yu, Yongmei (May) Huang and James Young as members of the board of directors”
Julia Yu was elected as Director at PHOENIX MOTOR INC..
“elect Julia Yu, Yongmei (May) Huang and James Young as members of the board of directors”
Steven Li was removed as Director at PHOENIX MOTOR INC..
“remove John F. Perkowski, Steven E. Stivers, Sam Van, Kristine Chen and Steven Li from the board of directors”
Kristine Chen was removed as Director at PHOENIX MOTOR INC..
“remove John F. Perkowski, Steven E. Stivers, Sam Van, Kristine Chen and Steven Li from the board of directors”
Sam Van was removed as Director at PHOENIX MOTOR INC..
“remove John F. Perkowski, Steven E. Stivers, Sam Van, Kristine Chen and Steven Li from the board of directors”
Steven E. Stivers was removed as Director at PHOENIX MOTOR INC..
“remove John F. Perkowski, Steven E. Stivers, Sam Van, Kristine Chen and Steven Li from the board of directors”
John F. Perkowski was removed as Director at PHOENIX MOTOR INC..
“remove John F. Perkowski, Steven E. Stivers, Sam Van, Kristine Chen and Steven Li from the board of directors”
Steven Li was elected as Director at PHOENIX MOTOR INC..
“the Board of Directors of Phoenix Motor Inc. (the “Company”) increased the size of the Board of Directors from five members to seven members, and elected Kristine Chen and Steven Li as directors of the Company, effective immediately.”
Kristine Chen was elected as Director at PHOENIX MOTOR INC..
“the Board of Directors of Phoenix Motor Inc. (the “Company”) increased the size of the Board of Directors from five members to seven members, and elected Kristine Chen and Steven Li as directors of the Company, effective immediately.”
PHOENIX MOTOR INC. entered into Waiver with JAK Opportunities II LLC (effective 2024-04-05).
“As of April 5, 2024, Phoenix Motor Inc., a Delaware corporation (the “Company”), entered into a waiver letter (the “Waiver”) by and between the Company and JAK Opportunities II LLC (the “Investor”), pursuant to which the Investor waived its right to require the Company to sell $12 million of principal amount of the Company’s secured senior convertible promissory note to the Investor pursuant to the Securities Purchase Agreement, dated as of November 10, 2023, with the Investor.”
PHOENIX MOTOR INC. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
“April 17, 2024, Phoenix Motor Inc. (the “Company”) received a letter (the “Deficiency Letter”) from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the Company’s Form 10-K for the year ended December 31, 2023 (the “Form 10-K”), the Company was not in compliance with the requirement to maintain a minimum of $2,500,000 in stockholders’ equity. In the Form 10-K, the Company reported stockholders’ equity of ($4,839,000), which is below the minimum stockholders’ equity required for continued listing pursuant to Nasdaq Listing Rule 5550(b)(1). A”
Michael Yung was appointed as Chief Financial Officer at PHOENIX MOTOR INC..
“On April 17, 2024, Phoenix Motor Inc. (the “Company”) appointed Michael Yung as the Company’s Chief Financial Officer, effective immediately.”
Lewis W. Liu was appointed as Chief Operating Officer at PHOENIX MOTOR INC..
“On April 11, 2024, Phoenix Motor Inc. (the “Company”) appointed Lewis W. Liu as the Company’s Chief Operating Officer, effective immediately”
PHOENIX MOTOR INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“April 12, 2024, Phoenix Motor Inc. (the “Company”) received a letter (the “Deficiency Letter”) from the staff from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the last 30 consecutive business days, the Company was not in compliance with the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Deficiency Letter has no immediate effect on the listing of the Com”
Lewis W. Liu was appointed as Chief Financial Officer at PHOENIX MOTOR INC..
“On April 11, 2024, Phoenix Motor Inc. (the “Company”) appointed Lewis W. Liu as the Company’s Chief Financial Officer, effective immediately.”
Denton Peng was appointed as Principal Financial and Accounting Officer at PHOENIX MOTOR INC..
“the Company’s Chief Executive Officer, Denton Peng, will assume the duties as principal financial officer and principal accounting officer of the Company.”
J. Mark Hastings resigned as Chief Financial Officer at PHOENIX MOTOR INC..
“the Company accepted the resignation of Mr. J. Mark Hastings as Chief Financial Officer of the Company effective as of April 10, 2024.”
J. Mark Hastings was appointed as Chief Financial Officer at PHOENIX MOTOR INC..
“On March 12, 2024, the Board of Directors of Phoenix Motor Inc. (the “Company”) appointed Mr. J. Mark Hastings as the Company’s Chief Financial Officer, effective immediately.”
Chris Wang resigned as Chief Financial Officer at PHOENIX MOTOR INC..
“On March 8, 2024, the Company accepted the resignation of Mr. Chris Wang as Chief Financial Officer of the Company effective as of March 8, 2024.”
PHOENIX MOTOR INC. entered into Purchase Agreement with certain accredited investors valued at combined offering price of $1.13 (effective 2024-02-07).
“Phoenix Motor Inc. (the “Company”) entered into a Securities Purchase Agreement dated February 7, 2024 (the “Purchase Agreement”) with certain accredited investors (the “Investors”), to issue and sell in a registered direct offering (the “RD Offering”) an aggregate of 1,415,929 shares of the Company’s common stock, par value $0.0004 per share (the “Common Stock”).”
PHOENIX MOTOR INC. entered into Securities Purchase Agreement with certain accredited investors valued at at a combined offering price of $1.15 (effective 2024-01-29).
“Phoenix Motor Inc. (the "Company") entered into a Securities Purchase Agreement dated January 29, 2024 (the "Purchase Agreement") with certain accredited investors (the "Investors"), to issue and sell in a registered direct offering (the "RD Offering") an aggregate of 4,196,370 shares of the Company’s common stock (the "Common Stock").”
PHOENIX MOTOR INC. entered into Securities Purchase Agreement with accredited investor valued at approximately $678,000 (effective 2024-01-04).
“On January 4, 2024, Phoenix Motor Inc., a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Securities Purchase Agreement ”) with an accredited investor (the “ Purchaser ” ), relating to a private placement (the “ Private Placement ”) by the Company pursuant to which the Company issued 600,000 shares (the “ Shares ”) of the Company’s common stock (the “ Common Stock ”) at a purchase price of $1.13 per share, and a Common Stock purchase warrant (the “ Warrant ”) to purchase up to 600,000 shares of Common Stock, exercisable at $1.13 per share (the “ Warrant Shares ” and, together with the Warrants and the Shares, the “ Securities ”).”
PHOENIX MOTOR INC. completed an acquisition involving Proterra, Inc. and its subsidiary, Proterra Operating Company, Inc. for $3.5 million (closed 2024-01-11).
“On January 11, 2024, the Company completed the acquisition of the Proterra Transit Business Unit for a purchase price of $3.5 million.”
PHOENIX MOTOR INC. entered into Second Service Agreement with Ultimate Automotive Engineering Inc. valued at $420,500 (effective 2023-12-29).
“On December 29, 2023, EF entered into a second service agreement (the “Second Service Agreement”) with UAE with respect to certain maintenance and support to be provided by UAE, and with respect to the performance by UAE and the payment by the Company and EF to UAE for services thereunder.”
PHOENIX MOTOR INC. entered into First UAE Purchase Agreement with Ultimate Automotive Engineering Inc. valued at $317,906 (effective 2023-12-29).
“Pursuant to the First Service Agreement, the parties concurrently entered into a purchase agreement (the “First UAE Purchase Agreement”) providing for the payment of $317,906 due to UAE by the issuance of 256,666 Shares of Common Stock to UAE, for an aggregate purchase price of $317,906, or $1.24 per share.”
PHOENIX MOTOR INC. entered into First Service Agreement with Ultimate Automotive Engineering Inc. valued at $317,906 (effective 2023-12-29).
“On December 29, 2023, EF entered into a service agreement (the “First Service Agreement”) with Ultimate Automotive Engineering Inc., a California corporation (“UAE”), with respect to certain maintenance and support to be provided by UAE, and disputes between the Company, EF and UAE with respect to the performance by UAE and the payment by the Company and EF to UAE for services thereunder.”
PHOENIX MOTOR INC. entered into IAT Purchase Agreement with IAT Automobile Design LLC valued at $952,606 (effective 2023-12-29).
“Pursuant to the IAT Settlement Agreement, the parties concurrently entered into a purchase agreement (the “IAT Purchase Agreement”) providing for the payment of $952,606 due to IAT by the issuance of 769,099 Shares of the Company’s Common Stock to IAT, for an aggregate purchase price of $952,606, or $1.24 per share.”
PHOENIX MOTOR INC. entered into IAT Settlement Agreement with IAT Automobile Design LLC valued at $952,606 (effective 2023-12-29).
“The Company, and its wholly-owned subsidiary, EdisonFuture Motor Inc. (“EF”), entered into a settlement agreement (the “IAT Settlement Agreement”) with IAT Automobile Design LLC, a California limited liability company (“IAT”), with respect to the previous contract between the Company, EF and IAT for the design of certain electric vehicles (the ‘Model Development Agreement”) and disputes between the Company, EF and IAT with respect to the performance by IAT and the payment by the Company and EF for services thereunder.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.