Envirotech Vehicles to acquire Azio AI for 100M shares, rebrand as Azio AI Holdings

Filed May 20, 2026 · Period ending May 19, 2026 · ~1 min read

Key Changes

• high

  EVTV will issue 100 million shares to acquire Azio AI Corporation, representing massive dilution to existing shareholders. The company will rebrand as Azio AI Holdings, marking a complete pivot from electric vehicles to artificial intelligence.

  Item 1.01: Merger Agreement verify on EDGAR →
• high

  Entire executive team and nearly all directors will be replaced at closing with Azio AI designees, including new CEO Chris Young. Only one current board member will remain on the expanded seven-person board.

  Item 1.01: Management Changes verify on EDGAR →
• high

  Transaction constitutes a change of control requiring shareholder approval. Azio AI will effectively control board composition through two direct designees plus four jointly agreed members.

  Item 5.01: Change in Control verify on EDGAR →