Envirotech Vehicles completed the acquisition of Azio AI under an amended and restated merger agreement, issuing 2,460,351 shares of common stock and 973,450 shares of Series A Non-Voting Convertible Preferred Stock, and assuming $150,000 of Azio AI convertible notes. The Series A Preferred converts to common at a 100:1 ratio upon stockholder approval under Nasdaq rules. To support required approvals, EVTV secured a Support Agreement from its officers and directors to vote in favor of the conversion, a new 2026 equity plan, and a charter amendment to rename the company Azio AI Holdings. EVTV also granted registration rights to former Azio AI holders to facilitate post-merger liquidity.
Agreement 1: Envirotech Vehicles Closes Azio AI Acquisition; Issues Common and Series A Preferred Stock
- Agreement type: Amended and Restated Agreement and Plan of Merger
- Counterparty: Azio AI
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: N/A
- Reason: Combine with Azio AI to drive growth
Agreement 2: Envirotech Vehicles Secures Voting Support From Officers and Directors for Deal Proposals
- Agreement type: Support Agreement
- Counterparty: Company Officers and Directors
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: Until Stockholders Meeting
- Reason: Secure approval of transaction proposals
Agreement 3: Envirotech Vehicles Grants Registration Rights to Former Azio AI Holders Post-Merger
- Agreement type: Registration Rights Agreement
- Counterparty: Azio AI Stockholders
- Signed / Effective: Jul 02 2026 / Jul 02 2026
- Duration / Termination: At will
- Reason: Provide liquidity to new shareholders
Original SEC Filing:
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