Chris Young
the Board appointed Chris Young as Chief Executive Officer of the Company
Highest-materiality recent filing
Azio AI (fka EVTV) completes name change, ticker to AZIO; signs $27.9M AI hosting deal
Name change to Azio AI Holdings, Inc. effective July 10, 2026; ticker changes to AZIO on July 13, 2026.
Merger with Azio AI closed July 2, 2026; consideration: 2,655,157 common shares and 973,450 convertible preferred shares for 100% of Azio AI.
Acquired Azio AI in a stock-for-stock merger; issued 2,460,351 shares of common and 973,450 shares of Series A non-voting convertible preferred as consideration.
EVTV enters definitive merger with Azio AI; existing stockholders to hold ~11%
EVTV will issue 100M shares to Azio AI stockholders; existing EVTV holders expected ~11% post-close.
Envirotech Vehicles gets Nasdaq delisting notice for equity below $2.5M
Stockholders' equity fell below $2.5M as of Dec 31, 2025; fails Nasdaq Listing Rule 5550(b)(1).
Envirotech Vehicles enters $11M debenture financing with YA II PN; $4M funded, warrants issued
First closing of $4M principal debentures at 96% of par; gross proceeds ~$10.5M after $25k fee.
EVTV loses Nasdaq independence compliance, gets cure; regains annual meeting rule compliance
Director Melissa Barcellos resigned effective Feb 3, 2026, causing non-compliance with Nasdaq board independence and audit committee composition rules.
Envirotech Vehicles gets Nasdaq delisting notice for missing annual meeting; meeting adjourned again
Received Nasdaq notice on Jan 15, 2026 for non-compliance with Listing Rule 5620(a) due to missing annual meeting within 12 months of fiscal year end.
Stockholders' equity now exceeds $2.5M minimum for continued listing on Nasdaq (was $1.862M at Sep 30, 2025).
Envirotech Vehicles announces 1-for-10 reverse stock split effective Aug 6, 2025
Reverse stock split ratio set at 1-for-10; effective 5:00 p.m. ET on August 6, 2025.
Envirotech Vehicles stockholders approve reverse stock split and share issuance to YA II PN
Reverse stock split authorized at ratio 1:5 to 1:10, board to set final ratio.
Envirotech Vehicles receives Nasdaq delisting notice for bid price below $1
Nasdaq notified EVTV on March 6, 2025 that its stock bid price was below $1 for 30 consecutive business days.
Envirotech Vehicles enters $5M convertible note financing; Note EVTV-1 maturity extended to 2026
Entered supplemental agreement for $5M additional prepaid advance under SEPA; first tranche $3M advanced (net ~$2.7M) on Feb 25, 2025.
CFO Miller resigns effective immediately; President Maddox appointed Interim CFO
CFO William C. Miller resigned effective immediately on January 20, 2025.
Envirotech Vehicles completes acquisition of Maddox Industries for 3.1M shares
Acquisition closed December 18, 2024; all membership interests in Maddox Industries purchased.
$2M of $3M pre-paid advance disbursed Oct 31, 2024; remaining $1M after registration effective.
Envirotech Vehicles acquires Maddox Industries for 3.1M shares plus up to $1M earnout
Acquisition of all membership interests of Maddox Industries, a Puerto Rico-based government contracting firm.
Envirotech Vehicles signs $25M standby equity purchase agreement with YA II PN
Company may sell up to $25M in common stock (EVTV) at 96% or 97% of market price over 36 months.
Envirotech Vehicles Q1 2024: Revenue up 55% to $810K; net loss widens to $4.5M ($0.29/share)
Revenue $810,490, up ~55% YoY from $523,199.
Envirotech Vehicles auditor MaloneBailey resigns; Barton CPA appointed
MaloneBailey resigned Aug 8, 2023; did not complete FY2022 audit due to company's late 10-K filing.
Envirotech Vehicles receives Nasdaq delisting notice for late 10-K; appoints new CFO
Nasdaq notified Envirotech on Apr 20, 2023, of non-compliance with Listing Rule 5250(c)(1) for failing to timely file Form 10-K for year ended Dec 31, 2022.
Envirotech Vehicles to restate 2022 Q1-Q3 statements due to revenue recognition errors
Revenue was incorrectly recognized upon government incentive approval instead of vehicle delivery, overstating sales and gross profit.
Envirotech Vehicles reports first-ever quarterly profit; revenue up 448% YoY to $3.88M
Net income of $126,749 ($0.01/share) vs. net loss of $850,475 ($0.06) in Q3 2021.
Envirotech Vehicles Q2 2022 revenue surges 1,009% to $2.1M; net loss widens slightly
Sales of $2,087,700 in Q2 2022 vs $188,266 a year ago; delivered 21 vehicles vs 2 in prior year.
Envirotech Vehicles Q1 sales up 135% to $1.1M; net loss widens to $2.5M
Revenue $1,108,500 (vs $470,793) on 12 vehicle sales (vs 5); net loss $2,527,397 vs $658,510.
Envirotech Vehicles enters CEO/EVP employment agreements; CFO Menerey resigns
CEO Phillip Oldridge gets $300k base salary, $1.5k monthly auto allowance, 5% of net income bonus.
Elected Terri White Elk as Class III director with 184.2M votes for, 4.5M withheld; 36.8M broker non-votes.
the Board appointed Chris Young as Chief Executive Officer of the Company
Jenny Yang as Chief Administrative Officer of the Company
Gary Chen as Chief Product Officer
David Shiue as Chief Business Development Officer of the Company
In accordance with the Merger Agreement, effective upon the Closing, Phillip W. Oldridge resigned from his positions as Chairman and director of the Board and any respective committees thereto of which he was a member, and as Chief Executive Officer of the Company.
Simon Yu as President of the Company
Jason Maddox as Chief Financial Officer of the Company
On January 21, 2025, the Company’s Board of Directors approved the appointment of Jason Maddox, the Company’s President, as Interim Chief Financial Officer of the Company, effective immediately.
On January 20, 2025, William C. Miller provided notice to Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), of his intention to resign as the Company’s Chief Financial Officer, effective immediately.
On October 16, 2024, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), announced the appointments of Jason Maddox as President of the Company and Elgin Tracy as Chief Operating Officer of the Company.
On October 16, 2024, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), announced the appointments of Jason Maddox as President of the Company and Elgin Tracy as Chief Operating Officer of the Company.
On October 9, 2024, Susan M. Emry notified Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), of her intention to resign as Executive Vice President and Corporate Secretary of the Company effective October 15, 2024 to explore other opportunities.
Max materiality 0.95 · Median 0.60 · Most common event other_material