PEV News
Archived Headlines
- EV spin-off Phoenix Motor removes IPO range and warrants, updates financials, and replaces underwriters 04/20/22
- Electric vehicle spin-off Phoenix Motor sets terms for $20 million IPO 01/24/22
- US IPO Weekly Recap: December has a quiet start with no IPOs 12/03/21
- Electric vehicle spin-off Phoenix Motor files for a $150 million IPO 11/29/21
US IPO Weekly Recap: Electric vehicle spin-off debuts in a 1 IPO week
There was one small IPO this past week. One SPAC also priced, the first in nearly a month. Two IPOs and one SPAC submitted initial filings. SPI Energy spin-off Phoenix Motor (PEV) downsized and priced within the range to raise $16 million at...read more
Electric vehicle developer Phoenix Motor prices downsized IPO within the range at $7.50
Phoenix Motor, a maker of electric vehicles and drive systems being spun out of SPI Energy, raised $16 million by offering 2.1 million shares at $7.50, slightly below the midpoint of the of $7 to $9 range. The company offered 16% fewer shares than anticipated. ...read more
US IPO Week Ahead: Summer IPO market off to a slow start
After weeks of little to no activity, the summer IPO market is starting with a vacant calendar, with just one small IPO that may price in the week...read more
EV spin-off Phoenix Motor slashes proposed valuation by 57% ahead of $20 million IPO
Phoenix Motor, an electric drive system and vehicle maker being spun out of SPI Energy, revised the terms for its upcoming IPO on Friday. The Anaheim, CA-based company now plans to raise $20 million by offering 2.5 million shares at a price range of $7 to $9....read more