Phoenix motor inc. announces receipt of nasdaq listing delinquency letter

Anaheim, ca / accesswire / august 21, 2024 / phoenix motor inc. (nasdaq:pev) (the "company") today announced that it received a delinquency notification letter from the listing qualifications staff of the nasdaq stock market llc ("nasdaq") on august 16, 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 june 30, 2024. previously, on may 22, 2024, the company received a delinquency notification from nasdaq that the company no longer complied with the listing rule as it had not yet filed its form 10-q for the quarterly period ended march 31, 2024 (the "initial delinquent filing").
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