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Stock impact report

Phoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency Letter [Yahoo! Finance]

Phoenix Motor Inc. (PEV) 
Company Research Source: Yahoo! Finance
letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") on May 22, 2024 due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 (the "Form 10-Q"). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). The deficiency letter has no immediate effect on the listing of the Company's common stock, and its common stock will continue to trade on The Nasdaq Capital Market under the symbol "PEV" at this time. Under Nasdaq rules, the Company has 60 calendar days, or until July 22, 2024, to submit a plan to regain compliance and if the plan is accepted, Nasdaq may grant an exception of up to 180 calendar days from the Form 10-Q's due date, or until November 18, 2024, to regain compliance. If the C Show less Read more
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