Phoenix Motor Announces Board Approval of $5 Million Share Repurchase Program
Phoenix Motor (NASDAQ:PEV) has announced a significant share repurchase program approved by its Board of Directors, authorizing the buyback of up to $5 million of its outstanding common stock. The company, which specializes in manufacturing heavy-duty transit buses and providing electrification solutions for medium-duty vehicles, will execute the buyback through open market purchases and private transactions.
CEO Denton Peng stated that the current share price undervalues Phoenix Motor's long-term prospects, emphasizing that the repurchase program demonstrates confidence in the business while maintaining disciplined capital allocation. The program's implementation will be influenced by various factors including market conditions, share price, and regulatory considerations, with no obligation to repurchase a specific number of shares.
Phoenix Motor (NASDAQ:PEV) ha annunciato un significativo programma di riacquisto di azioni approvato dal suo Consiglio di Amministrazione, autorizzando il riacquisto di fino a 5 milioni di dollari delle sue azioni ordinarie in circolazione. L'azienda, che si specializza nella produzione di autobus a lunga percorrenza e nella fornitura di soluzioni di elettrificazione per veicoli a medio carico, eseguirà il riacquisto attraverso acquisti sul mercato aperto e transazioni private.
Il CEO Denton Peng ha dichiarato che l'attuale prezzo delle azioni sottovaluta le prospettive a lungo termine di Phoenix Motor, sottolineando che il programma di riacquisto dimostra fiducia nell'azienda mantenendo al contempo una disciplina nell'allocazione del capitale. L'implementazione del programma sarà influenzata da vari fattori, tra cui le condizioni di mercato, il prezzo delle azioni e considerazioni normative, senza alcun obbligo di riacquistare un numero specifico di azioni.
Phoenix Motor (NASDAQ:PEV) ha anunciado un importante programa de recompra de acciones aprobado por su Junta Directiva, autorizando la recompra de hasta 5 millones de dólares de sus acciones ordinarias en circulación. La empresa, que se especializa en la fabricación de autobuses de tránsito de servicio pesado y en la provisión de soluciones de electrificación para vehículos de servicio mediano, llevará a cabo la recompra a través de compras en el mercado abierto y transacciones privadas.
El CEO Denton Peng afirmó que el precio actual de las acciones subestima las perspectivas a largo plazo de Phoenix Motor, enfatizando que el programa de recompra demuestra confianza en el negocio mientras se mantiene una asignación de capital disciplinada. La implementación del programa se verá influenciada por varios factores, incluidas las condiciones del mercado, el precio de las acciones y consideraciones regulatorias, sin obligación de recomprar un número específico de acciones.
피닉스 모터 (NASDAQ:PEV)는 이사회에서 승인한 중요한 자사주 매입 프로그램을 발표하였으며, 최대 500만 달러의 보통주 매입을 승인하였습니다. 이 회사는 중형 차량을 위한 전기화 솔루션을 제공하고 중량급 대중교통 버스를 제조하는 전문 기업으로, 공개 시장 구매 및 사모 거래를 통해 자사주 매입을 실행할 것입니다.
CEO 덴튼 펭은 현재 주가가 피닉스 모터의 장기 전망을 과소평가하고 있다고 언급하며, 자사주 매입 프로그램이 사업에 대한 신뢰를 보여주면서도 자본 배분의 규율을 유지하고 있다고 강조했습니다. 프로그램의 실행은 시장 상황, 주가 및 규제 고려 사항을 포함한 다양한 요인에 영향을 받을 것이며, 특정 수의 주식을 재구매할 의무는 없습니다.
Phoenix Motor (NASDAQ:PEV) a annoncé un programme de rachat d'actions significatif approuvé par son Conseil d'Administration, autorisant le rachat de jusqu'à 5 millions de dollars de ses actions ordinaires en circulation. L'entreprise, qui se spécialise dans la fabrication de bus de transit lourds et la fourniture de solutions d'électrification pour les véhicules de poids moyen, exécutera le rachat par le biais d'achats sur le marché ouvert et de transactions privées.
Le PDG Denton Peng a déclaré que le prix actuel de l'action sous-estime les perspectives à long terme de Phoenix Motor, soulignant que le programme de rachat démontre la confiance dans l'entreprise tout en maintenant une allocation de capital disciplinée. La mise en œuvre du programme sera influencée par divers facteurs, y compris les conditions du marché, le prix des actions et les considérations réglementaires, sans obligation de racheter un nombre spécifique d'actions.
Phoenix Motor (NASDAQ:PEV) hat ein bedeutendes Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde, und autorisiert den Rückkauf von bis zu 5 Millionen Dollar seiner ausstehenden Stammaktien. Das Unternehmen, das sich auf die Herstellung von schweren Nahverkehrsbussen und die Bereitstellung von Elektrifizierungslösungen für mittelschwere Fahrzeuge spezialisiert hat, wird den Rückkauf durch Käufe am offenen Markt und private Transaktionen durchführen.
CEO Denton Peng erklärte, dass der aktuelle Aktienkurs die langfristigen Perspektiven von Phoenix Motor unterbewertet, und betonte, dass das Rückkaufprogramm Vertrauen in das Unternehmen zeigt, während eine disziplinierte Kapitalallokation aufrechterhalten wird. Die Umsetzung des Programms wird von verschiedenen Faktoren beeinflusst, einschließlich der Marktbedingungen, des Aktienkurses und regulatorischer Überlegungen, ohne Verpflichtung, eine bestimmte Anzahl von Aktien zurückzukaufen.
- Board approval of $5 million share repurchase program indicates confidence in company's value
- Buyback program may help support stock price and increase shareholder value
- Flexible repurchase structure allows company to optimize timing and pricing of buybacks
- Use of $5 million cash for buybacks reduces capital available for operations and growth
- No specific timeline provided for the completion of the buyback program
- Program can be modified, suspended, or terminated at company's discretion
ANAHEIM, CA / ACCESS Newswire / March 25, 2025 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to
"We believe that our current share price does not fully reflect the underlying value and long-term prospects of Phoenix Motor," said Denton Peng, CEO of Phoenix Motor. "This share repurchase program reaffirms our confidence in the business and our commitment to enhancing shareholder value while maintaining a disciplined approach to capital allocation."
Under the repurchase program, Phoenix may buy back shares from time to time through open market purchases, privately negotiated transactions, or other means, in accordance with applicable securities laws. The timing and actual number of shares repurchased will depend on a variety of factors, including market conditions, share price, and corporate and regulatory considerations.
The program does not obligate the Company to repurchase any specific number of shares and may be modified, suspended, or terminated at any time at the Company's discretion.
About Phoenix Motor Inc.
Phoenix Motor, a pioneer in the electric vehicle ("EV") industry, designs, builds, and integrates electric drive systems and manufactures heavy duty transit buses and medium and light duty commercial EVs. Phoenix operates two primary brands, "Phoenix", which is focused on commercial products including heavy and medium duty EVs (transit buses, shuttle buses, school buses and delivery trucks, among others) and "EdisonFuture", which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. To learn more, please visit: phoenixev.ai.
Forward-Looking Statements
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's current expectations and speak only as of the date of this release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These risk factors include, among others, those related to our ability to raise additional capital necessary to grow our business, operations and business and financial performance, our ability to grow demand for our products and revenue, our ability to become profitable, our ability to have access to an adequate supply of parts and materials and other critical components for our vehicles on the timeline we expect, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of the Company's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.
Contact: IR@phoenixev.ai
Dave Gentry, CEO RedChip Companies, Inc.1-407-644-4256 PEV@redchip.com
SOURCE: Phoenix Motor Inc.
View the original press release on ACCESS Newswire
FAQ
How much is Phoenix Motor's (PEV) share repurchase program worth?
When will Phoenix Motor (PEV) start buying back shares?
How will Phoenix Motor (PEV) execute its share buyback program?
What is the purpose of Phoenix Motor's (PEV) share repurchase program?
Is Phoenix Motor (PEV) obligated to complete the full $5 million share repurchase?
