• Envirotech Vehicles completed its Azio AI acquisition on July 2, 2026, issuing unregistered equity as merger consideration.
• Azio AI stockholders received 2,460,351 common shares, capped at 19.9% of pre-merger common outstanding, net of assumed note conversions.
• Azio AI stockholders also received 973,450 Series A non-voting convertible preferred shares, convertible into 100 common shares per preferred share pending stockholder approval.
• Shares were issued in an unregistered offering exempt under Securities Act Section 4(a)(2) or Regulation D; recipients represented accredited investor status.
• Envirotech also assumed $150,000 of Azio AI convertible notes, with 194,807 common shares issuable on conversion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Envirotech Vehicles Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-022681), on July 06, 2026, and is solely responsible for the information contained therein.