Every 8-K that PHOENIX MOTOR INC NEW (PEVMD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PEVMD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PEVMD filings page.
Phoenix Motor Inc. entered into a new secured financing and settled legacy debt and litigation. The company obtained a single-draw term loan facility of $4,000,000, evidenced by a senior secured discount note with a $5,000,000 principal face amount, bearing 10.0% interest and maturing on May 31, 2027.
The obligations are guaranteed by subsidiaries and secured by substantially all assets, and include governance rights for the lender at PhoenixEV. Phoenix Motor also issued a warrant for 80,896 common shares at $3.00 per share, granted the lender a five-year option to acquire 49.0% of PhoenixEV for $2,250,000 (via note reduction), and used the loan proceeds to help fund a $3,800,000 cash payment and four buses valued at $870,000 to fully settle prior obligations and litigation with J.J. Astor & Co.
Phoenix Motor Inc. reported that independent director Julia Yu resigned from its Board of Directors, effective February 16, 2026. The company states her resignation was not due to any disagreement regarding operations, policies, or practices.
Ms. Yu chaired the audit committee and also served on the compensation and nominating and governance committees. Phoenix Motor is conducting a search for a new qualified independent director to fill the vacancy on the Board.
Phoenix Motor Inc. approved and implemented a 1-for-10 reverse stock split of its common stock. At 4:01 p.m. Eastern Time on February 13, 2026, each 10 previously outstanding shares will automatically convert into 1 share, with any fractional amounts rounded up to the nearest whole share.
The company currently has approximately 13,382,349 shares of common stock outstanding and expects to have approximately 1,338,235 shares outstanding after the reverse split. The par value and authorized amounts of common and preferred stock will not change, and each stockholder’s percentage ownership and voting power are intended to remain substantially the same aside from minor rounding effects.
The reverse split is being carried out after stockholder approval to help the company meet minimum bid price and other quantitative requirements for a potential listing on the Nasdaq Stock Market. Trading on a split-adjusted basis on the OTC Markets is expected to begin on February 17, 2026 under the existing trading symbol, with a new CUSIP of 71910P401.
Phoenix Motor Inc. reported that President John Walsh resigned, effective February 6, 2026, after notifying the company on February 5, 2026. The company states his resignation was not due to any disagreement regarding operations, policies, or practices.
Phoenix Motor has begun a formal search for a new senior leader to fill the President role. Until a successor is appointed, the existing leadership team and management structure will continue handling day-to-day operations and executing the company’s strategic plans.