secwatch.observer — SEC 8-K summary
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Issuer:     Envirotech Vehicles, Inc. (EVTV)
CIK:        0001563568
Form:       8-K
Filed at:   2026-07-06T12:00:13+00:00
Accession:  0001437749-26-022681
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.03, 2.01, 3.02, 3.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envirotech Vehicles closes acquisition of Azio AI; issues 2.46M shares, 973K preferred; new CEO appointed
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- Acquired Azio AI in a stock-for-stock merger; issued 2,460,351 shares of common and 973,450 shares of Series A non-voting convertible preferred as consideration.
- Each Series A preferred share convertible into 100 common shares upon stockholder approval; conversion capped at 19.9% of pre-merger common.
- Phillip Oldridge resigned as CEO and chairman; Chris Young appointed CEO and Class II director effective immediately.
- Simon Yu appointed President, Jason Maddox as CFO; other officers include David Shiue, Gary Chen, Jenny Yang.
- Company will seek stockholder approval for conversion of preferred, adoption of equity plan, and name change to Azio AI Holdings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563568/000143774926022681/0001437749-26-022681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563568/000143774926022681/adom20260706_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-022681

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