Phoenix motor inc. announces receipt of nasdaq listing delinquency letter

Anaheim, ca / access newswire / may 2, 2025 / phoenix motor inc. (nasdaq:pev) (the "company") today announced that it received a notice (the "notice") from the nasdaq listing qualifications department (the "staff") of the nasdaq stock market llc ("nasdaq") indicating that the company is no longer in compliance with listing rule 5250(c)(1) due to its failure to file its annual report on form 10-k for the year ended december 31, 2024 (the "form 10-k"). this matter serves as an additional basis for delisting the company's securities from nasdaq.
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