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Phoenix Motor ( (PEVM) ) has issued an update.
On February 9, 2026, Phoenix Motor Inc. filed an amendment to its Certificate of Incorporation in Delaware to implement a 1-for-10 reverse stock split of its common stock, following shareholder approval at the December 23, 2025 annual meeting and board approval on January 13, 2026. The move is aimed at helping the company satisfy Nasdaq listing requirements, with the split effective at 4:01 p.m. Eastern on February 13, 2026 and trading on a split-adjusted basis on the OTC Markets expected to begin on February 17, 2026 under the existing PEVM ticker.
Under the reverse split, every 10 shares of Phoenix Motor’s issued and outstanding common stock will be automatically converted into one share, with fractional shares rounded up to the nearest whole share and no cash paid in lieu of fractions. The transaction will reduce outstanding shares from about 13.38 million to roughly 1.34 million without changing par value, authorized share counts, or core shareholder rights, leaving percentage ownership and voting power essentially unchanged apart from minor adjustments from rounding, while simplifying mechanics for investors holding shares electronically or in certificate form.
Spark’s Take on PEVM Stock
According to Spark, TipRanks’ AI Analyst, PEVM is a Underperform.
Phoenix Motor Inc. is facing substantial financial challenges with negative equity and declining revenues. Technical indicators and valuation metrics offer no compelling upside. The lack of new earnings guidance adds to the uncertainty, resulting in a low overall score.
To see Spark’s full report on PEVM stock, click here.
More about Phoenix Motor
Phoenix Motor Inc. is a Delaware-incorporated company whose common stock trades under the symbol PEVM on the OTC Markets. The company’s capital structure includes common stock with a par value of $0.0004 per share, and it is seeking to meet quantitative requirements for a listing on the Nasdaq Stock Market, including minimum bid price thresholds.
Average Trading Volume: 12,506
Technical Sentiment Signal: Sell
Current Market Cap: $6.65M
For a thorough assessment of PEVM stock, go to TipRanks’ Stock Analysis page.