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Phoenix Motor Inc. Appeals Nasdaq Delisting Determination

1. PEV's common stock trading is halted due to Nasdaq delisting appeal. 2. Company failed to meet minimum bid price and hold annual meeting.

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Why Very Bearish?

PEV's delisting appeal indicates serious compliance issues and operational challenges, reducing investor confidence. Historical cases show significant price drops during delistings, such as with numerous biotech firms.

How important is it?

The news directly pertains to compliance failures, which could severely affect PEV's financial health. Shareholder actions and market reactions are crucial in assessing the stock's future.

Why Short Term?

The immediate halt in trading and delisting will impact PEV's share price quickly. Recent history shows that stocks facing delisting events usually see rapid sell-offs.

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TSLANIOLAD
ANAHEIM, CA / ACCESS Newswire / April 15, 2025 / Phoenix Motor Inc. (the "Company"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that it has formally appealed the Nasdaq delisting determination and is taking proactive steps to protect shareholder value following the trading halt of its common stock (previously traded under: PEV). Hearing Request and Continued OTC Trading As previously disclosed, Nasdaq suspended trading of the Company's common stock effective today, April 15, 2025, due to non-compliance with the minimum bid price requirement and the Company's failure to hold an annual shareholder's meeting in 2024.

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