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Phoenix Motor ( (PEVM) ) just unveiled an update.
On November 13, 2025, Phoenix Motor Inc.’s Board of Directors approved a change to the company’s Bylaws, reducing the quorum requirement for stockholder meetings from a majority to one-third of the shares entitled to vote. This amendment, effective immediately upon adoption, allows meetings to proceed with fewer shareholders present, potentially increasing operational flexibility. The amendment will be submitted for ratification at the 2025 Annual Meeting of Stockholders, but the Board retains the authority to maintain it under Delaware law even if not ratified.
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
Average Trading Volume: 9,770
Technical Sentiment Signal: Sell
Current Market Cap: $8.15M
Learn more about PEVM stock on TipRanks’ Stock Analysis page.