Phoenix Motor Inc. Implements 1-for-5 Reverse Stock Split to Maintain Nasdaq Listing

Reuters08-01

<a href="https://laohu8.com/S/PEVM">Phoenix Motor Inc.</a> Implements 1-for-5 Reverse Stock Split to Maintain Nasdaq Listing

Phoenix Motor Inc., a Delaware corporation, announced a 1-for-5 reverse stock split of its common stock, effective at 4:01 p.m. Eastern Time on July 31, 2025. Approved by the company's Board of Directors to maintain its Nasdaq listing, the split-adjusted shares will begin trading under the existing symbol "PEVM" on the OTC Pink Limited Market starting August 1, 2025. The new CUSIP number post-split will be 71910P 302.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phoenix Motor Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-021725), on July 31, 2025, and is solely responsible for the information contained therein.

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Implements 1-for-5 Reverse Stock Split to Maintain Nasdaq Listing","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/PEVM\">Phoenix Motor Inc.</a> Implements 1-for-5 Reverse Stock Split to Maintain Nasdaq Listing\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/PEV\">Phoenix Motor</a> Inc., a <a href=\"https://laohu8.com/S/VMM\">Delaware</a> corporation, announced a 1-for-5 reverse stock split of its common stock, effective at 4:01 p.m. Eastern Time on July 31, 2025. Approved by the company's Board of Directors to maintain its Nasdaq listing, the split-adjusted shares will begin trading under the existing symbol \"PEVM\" on the OTC Pink Limited Market starting August 1, 2025. 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