secwatch.observer — SEC 8-K summary
======================================

Issuer:     Envirotech Vehicles, Inc. (EVTV)
CIK:        0001563568
Form:       8-K
Filed at:   2026-09-28T20:17:57+00:00
Accession:  0001437749-26-031349
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Azio AI signs $50M standby equity deal with Yorkville; $3.5M advance, 1.74M warrants at $0.01
--------------------------------------------------------------------------------

- Standby Equity Purchase Agreement dated Sept 25, 2026 lets Azio sell up to $50M of common stock to YA II PN, Ltd. (Yorkville) at 96-97% of market price until Sept 25, 2029.
- $3.5M pre-paid advance in two tranches: $3.0M funded Sept 25, 2026, $0.5M after the resale registration statement goes effective; 6% interest, 18% on default, matures Sept 25, 2027.
- Notes convert at 92% of the lowest 5-day VWAP, subject to a $0.26 floor; resale registration covers up to 28,000,000 shares.
- Yorkville received warrants for 1,735,758 shares at $0.01 and a $50,000 structuring fee paid from initial advance proceeds.
- Exchange Cap limits issuance to 3,473,960 shares (19.99% of outstanding) unless stockholders approve or average sale price is at least $1.30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1563568/000143774926031349/0001437749-26-031349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1563568/000143774926031349/adom20260928_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-031349

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer