Highest-materiality recent filing
Fabric.AI (SBLX) enters $15M GPU connectivity development deal with Kopin and raises $21.5M
Joint Development Agreement with Kopin for GPU-to-GPU connectivity; Fabric.AI to pay up to $15M for prototype development plus potential $15-25M for production plan.
135,627 share increase in 2020 equity plan (to 400,000 total) approved; also issuance of shares from Series I Preferred and warrants from Aug 2025 private placement.
StableX Technologies (formerly AYRO) changes name to SBLX and amends warrants
Name change from AYRO, Inc. to StableX Technologies effective August 22, 2025, with ticker change to SBLX on Nasdaq from August 25.
AYRO creates Series I Convertible Preferred Stock (up to 875k shares) and amends Series H-7 terms
Issued 7,000 shares of Series I Preferred, $1,000 stated value, convertible into 875,000 common shares at $8.00 per share.
AYRO targets $100M in stablecoin crypto assets; names James Altucher as digital treasury lead
Launches first pure-play multi-token strategy to acquire $100 million in tokens capitalizing on stablecoin industry growth.
AYRO names CBIZ CPAs as successor auditor; annual meeting scheduled for May 19
Auditor change: Marcum LLP terminated April 10, 2025; CBIZ CPAs P.C. engaged for FY2025.
AYRO shareholders approve reverse split authorization and share increase at annual meeting
Approved reverse stock split of common stock at ratio of 1-for-2 to 1-for-13, at Board's discretion.
AYRO appoints new CFO and President to re-engineer low-speed EV Vanish
Joseph Ramelli appointed CFO effective Aug 21, 2024; brings capital markets experience from biotech/finance.
Nasdaq notified AYRO on July 18, 2024, that its common stock failed to meet the $1.00 minimum bid price for 30 consecutive business days.
AYRO reports $43M cash, targets $1.5M quarterly burn in 2024 corporate update
Cash and cash equivalents of $43M as of December 31, 2023.
AYRO restructures, cuts substantial positions in sales, marketing, and manufacturing
Restructuring effective Jan 31, 2024 eliminates a substantial number of positions.
CEO Thomas Wittenschlaeger resigned Dec 13, 2023; no disagreement cited. Severance: 12 months base salary ($280K), $114,800 bonus, COBRA for up to 12 months.
AYRO reports Q3 2023 results: first Vanish revenue, Adjusted EBITDA loss widens to $5.2M
First revenue from AYRO Vanish units recognized in Q3 2023; no revenue figure disclosed.
AYRO stockholders approve 1-for-8 reverse stock split, authorized share increase to 200M
Reverse stock split at 1-for-8 ratio effective 4:00 p.m. ET Sept 15; trading on split-adjusted basis from Sept 18.
AYRO raises $22M via convertible preferred stock and warrants from existing investors
Gross proceeds $22M from sale of 22,000 Series H-7 convertible preferred shares (stated value $1,000) and warrants for 22M common shares.
AYRO Q1 net loss $5.5M vs $4.6M; Vanish homologation and LRIP start in June
Q1 2023 net loss of $5.5M, up from $4.6M in prior-year quarter; revenue not disclosed (qualitative only).
AYRO terminates Club Car procurement agreement; receives Nasdaq bid price extension
Terminated exclusive MPA with Club Car after it failed to meet 500-vehicle annual minimum for 2020-2022.
AYRO FY2022 net loss improves to $22.9M; revenue up 11% to $3M; Vanish launch planned for Q3 2023
Net loss of ($22.9M) in FY2022 vs. ($33.1M) in FY2021, a $10.2M improvement.
AYRO Q3 revenue $373K, net loss improves to $5.7M; unveils Vanish LSEV platform
Revenue of ~$373,000; net loss of ($5.7M) improved from ($12.0M) in 3Q21.
AYRO receives Nasdaq delisting notice for minimum bid price non-compliance; 180-day cure period
Nasdaq letter on Oct 3, 2022: AYRO's common stock failed minimum $1.00 bid price for 30 consecutive business days.
AYRO Q2 revenue up 88% to $982K; net loss improves to $6.0M; defective Cenntro parts hit COGS
Revenue ~$982K, +88% YoY; net loss ($6.0M) vs ($7.7M) YoY; adjusted EBITDA loss ($4.2M) vs ($5.9M).
AYRO Q1 revenue record $1.03M, net loss down 41% sequentially to $4.6M
Revenue of $1.03M, a record, up 30% YoY and 26% sequentially.
AYRO Q4 record revenue $813K; adjusted EBITDA loss $7.1M; cash $69.2M
Revenue $813K (+4% YoY, +45% sequential); record unit deliveries of Club Car Current LSEV.
AYRO expects record Q4 2021 revenue; sequential growth in Q1 and Q2 2022
Record revenue and unit deliveries anticipated for Q4 2021; sequential revenue growth forecast for Q1 and Q2 2022.
AYRO CFO, Chief of Business Development, and Chief Marketing Officer depart; interim CFO appointed
CFO Curtis Smith resigned effective Jan 14, 2022; receives $237,500 severance.
AYRO expects record Q4 2021 revenue and unit deliveries
Expects record revenue in Q4 2021, driven by record unit deliveries.
AYRO reports Q3 revenue $559K (+44% YoY), net loss $12M; cash $77.1M
Revenue of $559,370, up 44% YoY; net loss of ($12.0) million; adjusted EBITDA loss of ($8.2) million.
On August 21, 2024, Gilbert Villarreal was appointed to the position of President of the Company’s subsidiary, DropCar Operating Company, Inc. (“Operating Subsidiary”), effective as August 21, 2024.
On August 21, 2024, Ayro, Inc. (the “Company”) appointed Joseph Ramelli to the position of Chief Financial Officer of the Company, effective as August 21, 2024.
On March 1, 2024, of AYRO, Inc. (the “Company”) and David E. Hollingsworth mutually agreed on the separation of Mr. Hollingsworth from his position as Chief Financial Officer of the Company, effective as of March 1, 2024
the Company’s board of directors (the “Board”) appointed Joshua Silverman, who currently serves as the Company’s Executive Chairman and principal executive officer, to the position of interim principal financial officer and principal accounting officer
On December 11, 2023, Thomas M. Wittenschlaeger, who served as Chief Executive Officer of AYRO, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”), tendered his resignation from his roles as an officer, employee and director of the Company, effective as of December 13, 2023
On December 14, 2023, the Board appointed Joshua Silverman, the Company’s current Chairman of the Board, to the position of Principal Executive Officer and Executive Chairman, effective as of the Effective Date.
the Board appointed David E. Hollingsworth as Chief Financial Officer of the Company, effective as of August 22, 2022
Brian Groh, who served as the Company’s Chief of Business Development, terminated his engagement with the Company.
Curtis Smith, who served as the Chief Financial Officer of AYRO, Inc. (the “Company”) resigned from his role as an officer and employee of the Company.
Richard Perley, who served as the Company’s Chief Marketing Officer, terminated his engagement with the Company.
the Board nominated six of them for re-election at the Annual Meeting, in addition to a new director nominee, Thomas M. Wittenschlaeger.
On September 21, 2021 (the “Resignation Date”), Rodney C. Keller, Jr., who served as the President and Chief Executive Officer of AYRO, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”), tendered his resignation from his roles as an officer, employee and director of the Company, effective immediately.
Max materiality 0.85 · Median 0.60 · Most common event other_material