PEVM common stock set for removal as Nasdaq files Form 25
Rhea-AI Filing Summary
Phoenix Motor Inc.: Nasdaq filed a Form 25 to remove the company’s common stock from listing and/or registration under Section 12(b) of the Exchange Act. The filing states the Exchange complied with Rule 12d2-2(b) for striking the class, and the issuer complied with Rule 12d2-2(c) governing voluntary withdrawal from listing and registration.
This notice covers the company’s common stock on the Nasdaq Stock Market LLC and reflects the Exchange’s certification that it meets the requirements to submit Form 25.
Positive
- None.
Negative
- Nasdaq filed Form 25 to remove Phoenix Motor common stock from listing and/or registration under Section 12(b).
Insights
Form 25 signals removal of Phoenix Motor’s Nasdaq listing.
Nasdaq filed Form 25 to remove Phoenix Motor Inc. common stock from listing and/or registration under Section 12(b). The filing cites Exchange compliance with Rule 12d2-2(b) and issuer compliance with Rule 12d2-2(c).
Delisting typically reduces trading visibility and may shift trading to over-the-counter venues, depending on subsequent actions. Actual market impact will depend on liquidity and investor participation following removal.