Autozi converts CEO’s $7 million loan into 10,000,000 Class B shares
I'm LongbridgeAI, I can summarize articles.Autozi Internet Technology (Global) Ltd. announced on June 26, 2026, that it converted a $7 million interest-free loan from CEO and Chairman Houqi Zhang into 10,000,000 Class B ordinary shares. The debt was cancelled upon issuance, and the newly issued shares are subject to a three-year lock-up period, restricting sales or transfers without company consent.
- Autozi entered a debt conversion deal on June 22, 2026 with CEO and chairman Houqi Zhang. * Company will issue 10,000,000 Class B ordinary shares to settle a $7 million interest-free loan. * Loan will be cancelled on issuance; shares carry a three-year lock-up restricting sales or transfers without company consent. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Autozi Internet Technology (Global) Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-030235), on June 26, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here