Welcome to our dedicated page for Phonex Holdings news (Ticker: PXHI), a resource for investors and traders seeking the latest updates and insights on Phonex Holdings stock.
PhoneX Holdings, Inc. reports corporate-governance and capital-allocation developments as an OTC Pink issuer under the symbol PXHI. Company news has covered board composition changes, adoption of a long-term cash bonus incentive plan, special cash dividend and ex-dividend information, stock repurchase authorization, and tax-related communications concerning potential qualified small business stock treatment.
Updates also reference the completed sale of a controlling interest in We Sell Cellular LLC, giving the company’s news record a focus on shareholder distributions, corporate transactions, and governance matters following that ownership change.
PhoneX Holdings (OTC Pink: PXHI) appointed Vijay Ganapathy to its Board effective November 20, 2025, succeeding Scott Tepfer, who resigned as director and Executive Vice President.
The Board adopted a new Long-Term Cash Bonus Incentive Plan that pays performance-based cash awards only upon qualifying transactions that generate aggregate distributions to shareholders above set Distribution Thresholds. Awards currently represent ~5% of Total Distributions at lower thresholds and can rise to 15% in extraordinary outcomes. The Plan excludes a special dividend paid earlier in the year and will be posted on the OTC Markets disclosure page.
PhoneX Holdings (OTC: PXHI) announced on October 24, 2025 that it has determined, based on its current understanding and subject to satisfying all requirements, the company may qualify as a “qualified small business” for purposes of potential exclusion of gain under Section 1202 of the Internal Revenue Code.
The company expressly does not guarantee any stock will qualify or that shareholders will receive tax benefits and advises shareholders to consult their own tax advisors before relying on Section 1202.
PhoneX Holdings (OTC Pink: PXHI) has announced that FINRA has set October 2, 2025 as the ex-dividend date for its previously announced dividend. The company, which operates a SaaS platform for the global wholesale trade of pre-owned mobile devices, serves carriers, manufacturers, and distributors by helping them manage inventory, optimize sales, and expand their customer networks.
PhoneX Holdings (OTC Pink: PXHI) has provided an update regarding its previously announced special cash dividend of $1.15 per share. While the company initially announced an ex-dividend date of September 23, 2025, FINRA has set the ex-dividend date as October 2, 2025 according to the OTC Markets website.
The company is currently working to verify this information with FINRA and commits to promptly releasing any additional details as they become available. The record date remains set for September 22, 2025.
PhoneX Holdings, Inc. (OTC PINK:PXHI) announced a stock repurchase program, authorizing up to $1,000,000 in share buybacks to support shareholder value. The buybacks will be executed based on market conditions and company evaluation. Recently, the company repurchased 178,269 shares for $89,134.50. Additionally, PhoneX is moving to prepay a $4,805,000 convertible notes balance. The firm aims to solidify its position in the secondhand mobile device market, leveraging cloud-based solutions and partnerships with major mobile carriers.