Envirotech Vehicles, Inc. 8K

Envirotech Vehicles (EVTV) closed its merger with Azio AI on July 2, 2026, simultaneously pivoting into AI infrastructure and implementing a new leadership team including Chris Young as CEO and Simon Yu as President.

Envirotech Vehicles, Inc. (NASDAQ: EVTV) announced that it closed its amended and restated merger with Azio AI Corporation on July 2, 2026, ahead of schedule, issuing 2,655,157 shares of common stock and 973,450 shares of non-voting convertible preferred stock (each preferred share convertible into 100 common shares subject to stockholder approval) in exchange for all of Azio AI’s outstanding capital stock, and assuming Azio AI convertible notes. The transaction completes EVTV’s strategic pivot from its legacy business into an integrated AI infrastructure platform focused on AI data centers, enterprise GPU compute, digital power solutions, hosting, and digital asset mining, supported by an initial six megawatts of off-grid power already deployed at a South Texas site and rights to a 548‑acre site with potential capacity up to 500 MW. Concurrent with closing, EVTV implemented leadership changes, appointing Chris Young as Chief Executive Officer and Chairman, Simon Yu as President, and moving Jason Maddox from President to Chief Financial Officer while Phillip Oldridge stepped down as CEO, positioning the combined company to accelerate commercialization and long‑term growth in the large and expanding AI infrastructure market.

Filing Facts

CIK

1563568

Ticker

-

Form

8K

Source Type

sec

Accession

0001437749-26-022877

Alert Tier

8