other_material
confidence high
sentiment neutral
materiality 0.50
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.