PHOENIX MOTOR INC. 8-K

What Happened
Phoenix Motor Inc. filed an amendment to its Certificate of Incorporation (filed Feb 9, 2026) to effect a 1-for-10 reverse stock split of its common stock, effective 4:01 p.m. ET on February 13, 2026. The Board approved the 1-for-10 ratio on January 13, 2026 after stockholders authorized a reverse split of up to 1-for-10 at the December 23, 2025 annual meeting. The company expects its common stock to trade on a split-adjusted basis on the OTC Markets under the existing ticker “PEVM” at market open on February 17, 2026.

Key Details

• Reverse split ratio: 1-for-10; effective time 4:01 p.m. ET on Feb 13, 2026.
• Outstanding shares before/after: ~13,382,349 before → ~1,338,235 after (approximate).
• New CUSIP after split: 71910P401. Trading symbol remains “PEVM.”
• Fractional shares will be rounded up to the nearest whole share; no fractional share cash-out will be paid. Paper certificate holders may request new certificates from transfer agent VStock Transfer, LLC; brokerage-held shares require no action.

Why It Matters
The reverse split reduces the number of outstanding shares and increases the per-share price proportionally, which the company says is primarily intended to help meet Nasdaq’s minimum bid price and other listing requirements. The split does not change par value, authorized share counts, or materially alter stockholders’ percentage ownership (except for minor adjustments from rounding). For most retail investors holding shares in brokerages, no action is required and the change will be reflected automatically.