other_material
confidence high
sentiment positive
materiality 0.80
StableX Technologies (formerly AYRO) changes name to SBLX and amends warrants
Fabric.AI, Inc.
- Name change from AYRO, Inc. to StableX Technologies effective August 22, 2025, with ticker change to SBLX on Nasdaq from August 25.
- Entered omnibus warrant amendment on August 26, 2025, reclassifying Series I and Series H-7 warrants from liability to equity.
- Private Placement closed August 8, 2025, raising net proceeds of $6.2 million from Series I Convertible Preferred Stock.
- Pro forma stockholders' equity of $4.6 million as of June 30, 2025, meeting Nasdaq minimum $2.5 million requirement.
- Press release announces strategic focus on stablecoin investments with first investment expected in near term.