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Week of Expected Pricing 6/8/2022
Company Name PHOENIX MOTOR INC
Proposed Ticker PEV
CUSIP 71910P203
Business Description An EV pioneer, we delivered our first commercial EV in 2014. We develop and integrate our proprietary electric drivetrain into the Ford Econoline Chassis (E-Series), specifically on the Ford E-450. The Ford E-Series is the dominant chassis in the medium duty Class 4 market in the U.S. in terms of market share and the range of configurations varying from shuttle buses, Type A school buses, utility trucks, service trucks, to flatbed trucks, walk-in vans, and cargo trucks. Since our inception, we have been developing light and medium duty commercial electric vehicles for various service and government fleet markets, including city fleets, campuses, municipalities and transit agencies and serve a broad spectrum of commercial fleet customers, such as airport shuttle operators, hotel chains, transit fleet operators, seaports, last-mile delivery fleets, and large corporations
Lead Underwriter Prime Number Capital, LLC
Co-Managers N/A
Initial Shares 25,00,000
Revised Initial Shares 21,00,000
Initial Price $7.00-$9.00
Revised Price N/A
Final Price $7.50
Final Ticker PEV

 

 

   
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