Phoenix Motor Inc. has announced a 1-for-10 reverse stock split of its common stock, effective after trading closes on February 13, 2026. The split-adjusted shares will begin trading under the existing "PEVM" symbol on February 17, 2026. The move reduces the number of outstanding shares from approximately 13.4 million to about 1.3 million, with no impact on the company's par value or authorized shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phoenix Motor Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1135206) on February 09, 2026, and is solely responsible for the information contained therein.