---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-017874"
form_type: "8-K"
ticker: "EVTV"
cik: "0001563568"
company_name: "Envirotech Vehicles, Inc."
filed_at: "2026-05-20T13:15:16+00:00"
generated_at: "2026-05-20T13:18:15.870533+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# EVTV enters definitive merger with Azio AI; existing stockholders to hold ~11%

## Summary
- EVTV will issue 100M shares to Azio AI stockholders; existing EVTV holders expected ~11% post-close.
- Azio AI has $118M infrastructure order; first 8 server racks delivered; 11 MW power secured, pursuing up to 500 MW.
- Post-merger leadership: Chris Young (CEO), Jason Maddox (CFO), Elgin Tracy (COO); Oldridge steps down.
- Executives Maddox, Tracy, and Oldridge each receive 1.5M performance shares vesting on change in control.
- Closing expected H2 2026, subject to EVTV stockholder approval and SEC effectiveness.

## SEC filing metadata
- accession: 0001437749-26-017874
- form_type: 8-K
- ticker: EVTV
- cik: 0001563568
- company_name: Envirotech Vehicles, Inc.
- filed_at: 2026-05-20T13:15:16+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1563568/000143774926017874/0001437749-26-017874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1563568/000143774926017874/adom20260520_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-017874
- JSON: https://secwatch.observer/filing/0001437749-26-017874.json
- Plain text: https://secwatch.observer/filing/0001437749-26-017874.txt

## Key facts
- Material Agreements
  Envirotech Vehicles, Inc. entered into Agreement and Plan of Merger with Azio AI Corporation valued at each share of Azio AI common stock ... will be converted into the right to receive a pro rata portio (effective 2026-05-19).
  - Action: entry
  - Agreement: merger
  - Counterparty: Azio AI Corporation
  - Value: each share of Azio AI common stock ... will be converted into the right to receive a pro rata portio
  - Effective: 2026-05-19
  source text: On May 19, 2026, Envirotech Vehicles, Inc., a Delaware corporation ("EVTV" or the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") by and among (i) the Company, (ii) Azio AI Corporation, a Delaware corporation ("Azio AI"), and (iii) EV-AZ Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company ("Merger Sub").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1563568/000143774926017874/0001437749-26-017874-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.