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The Federal Transit Administration approved the Redding Area Bus Authority's request to dispose of its Proterra electric bus No. 64 early, after the bus spent more than 500 days out of service.41d agoPhoenix Motor Inc. issued a common stock purchase warrant to Concrete Jungle Ltd. entitling the holder to purchase up to 80,896 shares at an exercise price of $3.00 per share, with a 5-year term.153d agoPhoenix Motor Inc. entered into a senior secured term loan agreement with Concrete Jungle Ltd. for $4 million principal (face amount $5 million), bearing 10% annual interest, maturing May 31, 2027, with proceeds used to repay existing indebtedness to J.J. Astor & Co. and pay transaction costs.153d ago