Recent Updates — EVTV
Envirotech Vehicles, Inc. changed its corporate name to Azio AI Holdings, Inc. effective July 9, 2026, and its Nasdaq ticker symbol will change from EVTV to AZIO on July 13, 2026. Additionally, the Board appointed Chris Young as Chairman of the Board effective immediately. The company operates in the technology and artificial intelligence sector.
Envirotech Vehicles, Inc. entered into an Amended and Restated Agreement and Plan of Merger dated July 2, 2026, to acquire Azio AI Corporation and its subsidiaries. The transaction involves a conversion of the Company's Series A Non-Voting Convertible Preferred Stock into common stock, which requires stockholder approval via a proxy statement. Envirotech Vehicles, Inc. operates in the transportation and technology integration sector.
On July 2, 2026, Envirotech Vehicles, Inc. completed the acquisition of Azio AI Corporation. As consideration, the company issued 2,460,351 shares of common stock and 973,450 shares of Series A Non-Voting Convertible Preferred Stock, with the latter convertible into common stock at a 100:1 ratio pending stockholder approval. The company also assumed $150,000 in convertible notes. Concurrent with the merger, Phillip W. Oldridge resigned as Chairman, CEO, and director; Chris Young was appointed as CEO and a Class II director. The company intends to seek stockholder approval to change its name to Azio AI Holdings, Inc. and adopt a new equity incentive plan. Envirotech Vehicles, Inc. operates in the vehicle and technology sector, focusing on the manufacture of medical supplies and integrated AI vehicle solutions.
Envirotech Vehicles, Inc. amended its Bylaws on June 27, 2026, to reduce the quorum requirement for stockholder meetings and class votes to one-third of outstanding shares. Envirotech Vehicles, Inc. operates in the automotive/environmental technology sector and develops sustainable vehicle solutions.