AYRO adopts shareholder rights plan (poison pill) with 10% trigger

Fabric.AI, Inc.

Rights dividend of one preferred share purchase right per common share, record date Aug 11, 2025.
Exercise price $30 per 1/1000th of Series A Junior Participating Preferred Stock; expires July 31, 2028.
Rights become exercisable if a person or group acquires 10% (20% for passive investors) of AYRO stock.
Board may redeem rights at $0.01 per right at any time before an acquiring person becomes such.
Stockholder approval required by 2026 annual meeting; if not obtained, rights expire earlier.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.4

Fabric.AI, Inc.: Information relevant to Item 5.03 is incorporated by reference solely from Item 1.01 and does not describe the substantive change.

Exact text from the filing

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 5.03 by reference.

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Fabric.AI, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-021921

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