---
title: "Envirotech Vehicles to Acquire Azio AI in All-Stock Deal Issuing 100 Million Shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287074820.md"
description: "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."
datetime: "2026-05-20T13:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287074820.md)
  - [en](https://longbridge.com/en/news/287074820.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287074820.md)
---

# Envirotech Vehicles to Acquire Azio AI in All-Stock Deal Issuing 100 Million Shares

Envirotech Vehicles entered into an Agreement and Plan of Merger to acquire Azio AI in an all-stock transaction. At closing, Azio AI shareholders will receive an aggregate 100,000,000 shares of EVTV common stock, and Azio AI will become a wholly owned subsidiary. The deal contemplates expanding the board to seven directors and appointing a new leadership team at closing, subject to shareholder approval, SEC effectiveness of a Form S-4, and Nasdaq listing of the merger shares. Envirotech plans to seek shareholder approval to issue the shares, adopt a new equity plan, and change its name to Azio AI Holdings.

**Agreement details:**

-   **Agreement type**: Agreement and Plan of Merger
-   **Counterparty**: Azio AI
-   **Signed / Effective**: May 19 2026 / same
-   **Duration / Termination**: One-time transaction
-   **Reason**: Pursue AI-focused growth and rebrand as Azio AI Holdings

Original SEC Filing: Envirotech Vehicles, Inc. \[ EVTV \] - 8-K - May. 20, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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