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Phoenix Motor Regains Compliance with Nasdaq Listing

1. Phoenix Motor Inc. has regained compliance with Nasdaq's financial reporting requirements. 2. This compliance restores confidence and stability in the company's stock performance.

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FAQ

Why Bullish?

Regaining Nasdaq compliance is positive, mitigating previous concerns over financial management. Similar recoveries have historically boosted investor sentiment.

How important is it?

Reestablishing compliance is critical for PEV, potentially impacting investor decisions and share price.

Why Short Term?

Compliance news is immediate, influencing short-term trading; long-term effects depend on sustained performance.

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PEV
ANAHEIM, CA / ACCESS Newswire / February 14, 2025 / Phoenix Motor Inc. ( NASDAQ:PEV ), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that it has received confirmation from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires timely filing of periodic financial reports with the Securities and Exchange Commission ("SEC"). On November 20, 2024, Nasdaq Staff notified the Company that it was not in compliance with the Rule due to a delay in filing its periodic financial reports.

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