Phoenix Motor Faces Nasdaq Non-Compliance Over Missed Annual Meeting, Plans to Submit Compliance Plan
Phoenix Motor Faces Nasdaq Non-Compliance Over Missed Annual Meeting, Plans to Submit Compliance Plan
On January 10, 2025, Phoenix Motor Inc. (the "Company") received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), which stated that the Company no longer complies with Nasdaq's continued listing rules due to the Company not having held an annual meeting of shareholders within twelve months of the end of the Company's fiscal year end, as required pursuant to Nasdaq Listing Rule 5620(a). In accordance with Nasdaq Listing Rule 5810(c)(2)(G), the Company has 45 calendar days to submit a plan to regain compliance and, if Nasdaq accepts the plan, Nasdaq can grant the Company an exception of up to 180 calendar days from the fiscal year end, or until June 30, 2025, to regain compliance. The Company plans to submit a compliance plan within the specified period.
在2025年1月10日，鳳凰汽車公司（"公司"）收到了納斯達克證券市場有限責任公司（"納斯達克"）的信件，信中指出由於公司未能在公司財政年度結束後十二個月內召開年度股東會議，因此不再符合納斯達克的持續上市規則，違反了納斯達克上市規則5620(a)的規定。根據納斯達克上市規則5810(c)(2)(G)，公司有45個日歷天的時間提交一個計劃以重新獲得合規，如果納斯達克接受該計劃，納斯達克可以給予公司最長180個日歷天的例外時間，直到2025年6月30日，以恢復合規。公司計劃在指定期限內提交合規計劃。
The letter has no immediate effect on the listing of the Company's common stock, and its common stock will continue to trade on The Nasdaq Capital Market under the symbol "PEV" at this time.
該信件對公司普通股的上市沒有直接影響，目前其普通股仍將在納斯達克資本市場以標的"PEV"繼續交易。
譯文內容由第三人軟體翻譯。
