AYRO shareholders approve 6x authorized share increase and reverse split

Fabric.AI, Inc.

Authorized common shares increased from 200M to 1.2B; charter amendment filed May 23.
Reverse stock split authorized at board's discretion, ratio from 1:2 to 1:100.
All six director nominees elected (Silverman, Walker, Devlin, Giordano, Joseph, Schiffman).
CBIZ CPAs ratified as independent auditor for FY2025; adjournment proposal also approved.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Fabric.AI, Inc.: Increased authorized common shares from 200,000,000 to 1,200,000,000 and made a corresponding change to authorized capital stock (effective 2025-05-23).

Change: charter amendment
Effective: 2025-05-23

Exact text from the filing

On May 19, 2025, AYRO, Inc. (the “Company”) held its 2025 annual meeting of stockholders (the “Annual Meeting”). At the Company’s Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Share Increase Amendment”) to increase the number of authorized shares of common stock, par value $0.0001 per share, from 200,000,000 shares to 1,200,000,000 and to make a corresponding change to the number of authorized shares of the Company’s capital stock. Following the Annual Meeting, on May 23, 2025, the Company filed the Share Increase Amendment with the Secretary of State of the State of Delaware.

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Fabric.AI, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-012320

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