Phoenix Motor Inc. (PEV) has released an update.
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In a recent move, a company has announced a private offering and the issuance of warrants and warrant shares, which have not been registered under the Securities Act. These securities were sold based on an exemption from the registration requirements, suggesting a private, non-public offering. The company made this announcement public through a press release on February 8, 2024, underscoring the significance of the transaction to existing and potential investors.
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