Phoenix Motor Inc. Announces Reverse Stock Split of its Common Stock
Accessnewswire·2026-02-09 21:15
ANAHEIM, CA / ACCESS Newswire / February 9, 2026 / Phoenix Motor Inc. (OTC:PEVM) (the "Company") previously announced that its board of directors has adopted resolutions approving a reverse stock split of its common stock, par value $0.0004 per share ("Common Stock"), at a ratio of 1-for-10 (the "Reverse Stock Split"). The Reverse Stock Split will take effect at the close of trading on February 13, 2026, and the Company's Common Stock is expected to begin trading on a split-adjusted basis on the OTC Mark ...