Phoenix Motor Inc. Announces Reverse Stock Split of its Common Stock
Phoenix Motor (OTC Pink:PEVM) has announced a 1-for-5 reverse stock split of its common stock, effective at the close of trading on July 31, 2025. The stock will begin trading on a split-adjusted basis on August 1, 2025, under the same symbol "PEVM" on the OTC Pink Limited Market.
The company's outstanding shares will be reduced from approximately 49,513,370 to 9,902,674. The reverse split will not affect stockholders' ownership percentages or voting rights, except for minor adjustments due to fractional shares. No fractional shares will be issued, and all fractional shares will be rounded up to the nearest whole share.
["No cash payments required for fractional shares - all rounded up to nearest whole share", "Stockholders' percentage ownership and voting rights remain largely unchanged", "Maintains same trading symbol for continuity"]Phoenix Motor (OTC Pink: PEVM) ha annunciato un raggruppamento azionario inverso 1-per-5 delle sue azioni ordinarie, con effetto dalla chiusura delle contrattazioni del 31 luglio 2025. Le azioni inizieranno a essere negoziate con il nuovo numero di azioni a partire dal 1° agosto 2025, mantenendo lo stesso simbolo "PEVM" sul mercato OTC Pink Limited.
Le azioni in circolazione saranno ridotte da circa 49.513.370 a 9.902.674. Il raggruppamento non influirà sulle percentuali di proprietà degli azionisti né sui diritti di voto, salvo lievi modifiche dovute alle azioni frazionarie. Non saranno emesse azioni frazionarie: tutte le frazioni saranno arrotondate per eccesso all’azione intera più vicina.
- Non sono previsti pagamenti in contanti per le azioni frazionarie – tutte saranno arrotondate per eccesso all’azione intera più vicina
- La percentuale di proprietà e i diritti di voto degli azionisti rimangono sostanzialmente invariati
- Viene mantenuto lo stesso simbolo di negoziazione per garantire continuità
Phoenix Motor (OTC Pink: PEVM) ha anunciado una consolidación inversa de acciones 1 por 5 de sus acciones comunes, que entrará en vigor al cierre de operaciones el 31 de julio de 2025. Las acciones comenzarán a cotizar ajustadas por la consolidación a partir del 1 de agosto de 2025, bajo el mismo símbolo "PEVM" en el mercado OTC Pink Limited.
Las acciones en circulación se reducirán de aproximadamente 49,513,370 a 9,902,674. La consolidación inversa no afectará los porcentajes de propiedad ni los derechos de voto de los accionistas, salvo pequeños ajustes por acciones fraccionarias. No se emitirán acciones fraccionarias; todas las fracciones se redondearán hacia arriba a la acción entera más cercana.
- No se requieren pagos en efectivo por acciones fraccionarias – todas se redondean hacia arriba a la acción entera más cercana
- El porcentaje de propiedad y los derechos de voto de los accionistas permanecen prácticamente sin cambios
- Se mantiene el mismo símbolo de cotización para garantizar continuidad
Phoenix Motor (OTC Pink: PEVM)은 2025년 7월 31일 거래 마감 시점부터 효력이 발생하는 1대 5 주식 병합을 발표했습니다. 주식은 2025년 8월 1일부터 동일한 심볼 "PEVM"로 OTC Pink Limited Market에서 병합 조정된 기준으로 거래를 시작합니다.
발행 주식 수는 약 49,513,370주에서 9,902,674주로 줄어듭니다. 이번 주식 병합은 소액 주식 조정을 제외하고 주주들의 소유 비율이나 의결권에 영향을 미치지 않습니다. 소수 주식은 발행하지 않으며, 모든 소수 주식은 가장 가까운 정수 주식으로 올림 처리됩니다.
- 소수 주식에 대한 현금 지급은 없으며, 모두 가장 가까운 정수 주식으로 올림 처리
- 주주의 소유 비율과 의결권은 크게 변하지 않음
- 연속성을 위해 동일한 거래 심볼 유지
Phoenix Motor (OTC Pink : PEVM) a annoncé une fusion d’actions inversée au ratio de 1 pour 5 de ses actions ordinaires, effective à la clôture des marchés le 31 juillet 2025. Les actions commenceront à être négociées selon la nouvelle base ajustée à partir du 1er août 2025, sous le même symbole "PEVM" sur le marché OTC Pink Limited.
Le nombre d’actions en circulation passera d’environ 49 513 370 à 9 902 674. Cette fusion inversée n’affectera pas les pourcentages de propriété ni les droits de vote des actionnaires, excepté pour de légers ajustements liés aux fractions d’actions. Aucune action fractionnaire ne sera émise ; toutes les fractions seront arrondies à l’action entière la plus proche vers le haut.
- Aucun paiement en espèces pour les fractions d’actions – toutes seront arrondies à l’action entière supérieure
- Les pourcentages de propriété et les droits de vote des actionnaires restent pratiquement inchangés
- Le même symbole de cotation est maintenu pour assurer la continuité
Phoenix Motor (OTC Pink: PEVM) hat eine 1-zu-5 Aktiensplit-Rückführung seiner Stammaktien angekündigt, die zum Handelsschluss am 31. Juli 2025 wirksam wird. Die Aktien werden ab dem 1. August 2025 unter dem gleichen Symbol "PEVM" im OTC Pink Limited Market auf einer split-bereinigten Basis gehandelt.
Die ausstehenden Aktien werden von etwa 49.513.370 auf 9.902.674 reduziert. Die Rückführung beeinflusst die Eigentumsanteile oder Stimmrechte der Aktionäre nicht, abgesehen von geringfügigen Anpassungen aufgrund von Bruchteilsaktien. Es werden keine Bruchteilsaktien ausgegeben; alle Bruchteile werden auf die nächsthöhere ganze Aktie aufgerundet.
- Keine Barauszahlungen für Bruchteilsaktien – alle werden auf die nächsthöhere ganze Aktie aufgerundet
- Die prozentuale Eigentümerschaft und Stimmrechte der Aktionäre bleiben weitgehend unverändert
- Das gleiche Handelssymbol wird zur Kontinuität beibehalten
- None.
- Trading on OTC Pink Limited Market indicates limited trading volume and visibility
- Significant reduction in outstanding shares could impact stock liquidity
ANAHEIM, CA / ACCESS Newswire / July 31, 2025 / Phoenix Motor Inc. (OTC Pink:PEVM) (the "Company") today announced that its board of directors has adopted resolutions approving a reverse stock split of its common stock, par value
The Reverse Stock Split was effected by the Company filing a certificate of amendment to its certificate of incorporation with the Secretary of State of the State of Delaware. When the Reverse Stock Split becomes effective, the total number of shares of Common Stock held by each stockholder of the Company will be converted automatically into the number of shares of Common Stock equal to (i) the number of issued and outstanding shares of Common Stock held by each such stockholder immediately prior to the Reverse Stock Split, divided by (ii) five (5), with such resulting number of shares rounded up to the nearest whole share. As a result, no fractional shares will be issued in connection with the Reverse Stock Split and no cash or other consideration will be paid in connection with any fractional shares that would otherwise have resulted from the Reverse Stock Split.
The Reverse Stock Split has no effect on the par value of the Common Stock or authorized shares of common stock or preferred stock. Currently, the Company has approximately 49,513,370 shares of Common Stock outstanding. After the Reverse Stock Split, the Company would have approximately 9,902,674 shares outstanding. Each stockholder's percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares. The rights and privileges of the holders of shares of Common Stock will be substantially unaffected by the Reverse Stock Split.
Stockholders who are holding their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Reverse Stock Split will automatically be reflected in their brokerage accounts. Stockholders holding paper certificates may (but are not required to) send the certificates to the Company's transfer agent and registrar, VStock Transfer, LLC, who will issue a new stock certificate reflecting the Reverse Stock Split to each requesting stockholder.
About Phoenix Motor Inc.
Phoenix Motor, a pioneer in the electric vehicle ("EV") industry, designs, builds, and integrates electric drive systems and manufactures heavy duty transit buses and medium and light duty commercial EVs. Phoenix operates two primary brands, "Phoenix", which is focused on commercial products including heavy and medium duty EVs (transit buses, shuttle buses, school buses and delivery trucks, among others) and "EdisonFuture", which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. To learn more, please visit: www.phoenixmotorcars.com.
Forward-Looking Statements
Certain information contained in this press release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks, uncertainties and assumptions that are difficult to predict. Words such as "will," "would," "may," "intends," "potential," and similar expressions, or the use of future tense, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. The forward-looking statements contained in this press release speak only as of the date of this press release and the Company undertakes no obligation to publicly update any forward-looking statements to reflect changes in information, events or circumstances after the date of this press release, unless required by law.
Contact:
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
PEV@redchip.com
SOURCE: Phoenix Motor Inc.
View the original press release on ACCESS Newswire
FAQ
What is the reverse stock split ratio for Phoenix Motor (PEVM) and when is it effective?
How many shares will Phoenix Motor (PEVM) have outstanding after the reverse split?
Do PEVM shareholders need to take any action for the reverse stock split?
Will the Phoenix Motor reverse split affect shareholders' ownership percentage?
What happens to fractional shares in the PEVM reverse stock split?
