Envirotech Vehicles to Acquire Azio AI in All-Stock Deal Issuing 100 Million Shares
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Envirotech Vehicles has agreed to acquire Azio AI in an all-stock deal, issuing 100 million shares of common stock to Azio AI shareholders. The merger will make Azio AI a wholly owned subsidiary and involves expanding the board and appointing a new leadership team, pending shareholder approval and SEC clearance. Envirotech plans to rebrand as Azio AI Holdings and adopt a new equity plan.
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