PEV News

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 a $155 million market cap. Operating under the Phoenix Motorcars name, the company makes electric drive systems and...read more

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. Operating as Phoenix Motorcars, the company designs, assembles, and integrates electric drive systems and electric...read more

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 ahead. Other small issuers and SPACs may join during the week. SPI Energy spin-off Phoenix Motor (PEV)...read more

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. The company had most recently filed to offer 4 million shares, but did not disclose a range. It originally planned to offer...read more