Phoenix Motor Inc. Completes Private Placement of 2,020,000 Shares and Warrants, Raising $606,000

Reuters08-06

<a href="https://laohu8.com/S/PEVM">Phoenix Motor Inc.</a> Completes Private Placement of 2,020,000 Shares and Warrants, Raising $606,000

On August 3, 2025, Phoenix Motor Inc. entered into Securities Purchase Agreements with one unaffiliated and accredited investor and three affiliated and accredited investors, resulting in a private placement of 2,020,000 shares of common stock at $0.30 per share. Palo Alto Clean Tech Holding Limited, an entity controlled by Phoenix's CEO and Chairman, invested $480,000, acquiring 1,600,000 shares and a warrant for an additional 1,600,000 shares. The company raised approximately $606,000 from this transaction to support working capital and general corporate purposes.

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: 0001641172-25-022279), on August 05, 2025, and is solely responsible for the information contained therein.

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Completes Private Placement of 2,020,000 Shares and Warrants, Raising $606,000","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> Completes Private Placement of 2,020,000 Shares and Warrants, Raising $606,000\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        On August 3, 2025, <a href=\"https://laohu8.com/S/PEVMD\">Phoenix Motor Inc.</a> entered into Securities Purchase Agreements with one unaffiliated and accredited investor and three affiliated and accredited investors, resulting in a private placement of 2,020,000 shares of common stock at $0.30 per share. <a href=\"https://laohu8.com/S/PANW\">Palo Alto</a> Clean Tech Holding Limited, an entity controlled by Phoenix's CEO and Chairman, invested $480,000, acquiring 1,600,000 shares and a warrant for an additional 1,600,000 shares. 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