UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATIONCombined Financial Information • April 10th, 2024 • Phoenix Motor Inc. • Truck & bus bodies
On November 13, 2023, Phoenix Motor Inc. (“Phoenix Motor” or the “Company”) entered into two Asset Purchase Agreements (collectively, the “Asset Purchase Agreements”) with Proterra, Inc. and its subsidiary, Proterra Operating Company, Inc. (collectively, “Proterra”), pursuant to which Phoenix Motor agreed to purchase substantially all of the assets of the Proterra Transit business line.
