Azio AI receives Nasdaq notice for merger shareholder approval breach; remediated after officer removals

Envirotech Vehicles, Inc.

Received Nasdaq letter on Aug 28, 2026 for failure to obtain shareholder approval under Rule 5635(b) for merger closed July 2, 2026.
Nasdaq deemed deficiency remediated after Board removed four Azio AI officers (Yu, Shiue, Chen, Yang) on Aug 27, 2026; matter closed.
Chris Young continues as CEO; Simon Yu removed as President and executive officer but remains employed.
No immediate impact on Nasdaq Capital Market listing; other listing requirements still apply.

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