After pricing 2,100,000. shares of common stock at $7.50 each share, today’s IPO by Phoenix Motor Inc. (PEV), opened at $6.50

Prime Number Capital LLC will act as the book runner. Revere Securities LLC, Westpark Capital, Inc. will be co-managers of the Offering.

Phoenix Motor, an EV manufacturer, designs, assembles and integrates light- and medium-duty EVs. It also markets and sells chargers for residential and commercial use. They operate two primary brands, “Phoenix Motorcars” focused on commercial products including medium duty EVs, chargers and electric forklifts, and “EdisonFuture” which intends to offer light-duty EVs.