AYRO, Inc. Regains Nasdaq Compliance

Rhea-AI Summary

AYRO Inc. (NASDAQ:AYRO) has successfully regained compliance with Nasdaq's minimum bid price requirement (Rule 5550(a)(2)), as confirmed by Nasdaq on July 11, 2025. The company, known for producing zero-emission vehicles including the AYRO Vanish, is exploring new strategic directions.

Executive Chairman Josh Silverman highlighted the company's focus on pursuing new opportunities, particularly in emerging digital markets with an emphasis on stablecoin technologies. This strategic pivot comes as AYRO aims to leverage its strong balance sheet while maintaining its core business of electric vehicle production.

Positive

• Regained Nasdaq listing compliance, maintaining market visibility and accessibility
• Reports having a strong balance sheet for pursuing strategic opportunities
• Diversifying into digital assets and stablecoin technologies

Negative

• History of losses with no prior profitability
• Faces significant operational risks including supply chain challenges and production delays
• Operating in highly competitive markets with uncertain market acceptance

Company continues to seek new opportunities to drive stockholder value, including digital asset strategies through stablecoin technologies

NEW YORK, NY / ACCESS Newswire / July 14, 2025 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), today announces that, following its recent corporate activities, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), relating to Nasdaq's minimum bid price rule. Nasdaq sent confirmation to the Company of this action on July 11, 2025, and advised the Company that the matter is now closed.

Josh Silverman, AYRO's Executive Chairman, stated, "We continue to seek opportunities to drive and maintain value for our stockholders as we refine our strategy moving forward. Having regained Nasdaq compliance is an important part of our go-forward planning and we look forward to continuing to leverage our strong balance sheet to pursue strategic paths, including growth opportunities in emerging digital markets with a specific interest in technologies underlying stablecoins."

About AYRO

AYRO designs and produces zero emission vehicles and systems, including its flagship electric vehicle, the AYRO Vanish. The Company is also pursuing digital asset initiatives as well as operational initiatives to grow its core business. For more information, visit www.ayro.com.

Forward-Looking Statements

This press release may contain forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any expected future results, performance, or achievements. Words such as "anticipate," "believe," "could," "estimate," "intend," "expect," "may," "plan," "will," "would" and their opposites and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are based on the beliefs of management as well as assumptions made by and information currently available to management. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: AYRO's success depends on its ability to complete the development of and successfully introduce new products; AYRO's ability to determine new investment opportunities and its success in creating stockholder value; AYRO's ability to execute its new business strategy with respect to digital assets; AYRO's ability to maintain compliance with the Nasdaq Stock Market's listing standards; AYRO may experience delays in the development and introduction of new products; the ability of AYRO's suppliers to deliver parts and assemble vehicles; the ability of the purchaser to terminate or reduce purchase orders; AYRO has a history of losses and has never been profitable, and AYRO expects to incur additional losses in the future and may never be profitable; AYRO faces risks associated with litigation and claims; AYRO may be unable to replace lost manufacturing capacity on a timely and cost-effective basis, which could adversely impact its operations and ability to meet delivery timelines; the market for AYRO's products is developing and may not develop as expected and AYRO, accordingly, may never meet its targeted production and sales goals; AYRO's limited operating history makes evaluating its business and future prospects difficult and may increase the risk of any investment in its securities; AYRO may experience lower-than-anticipated market acceptance of its vehicles; developments in alternative technologies or improvements in the internal combustion engine may have a materially adverse effect on the demand for AYRO's electric vehicles; the markets in which AYRO operates are highly competitive, and AYRO may not be successful in competing in these industries; AYRO may become subject to product liability claims, which could harm AYRO's financial condition and liquidity if AYRO is not able to successfully defend or insure against such claims; increases in costs, disruption of supply or shortage of raw materials, in particular lithium-ion cells, chipsets and displays, could harm AYRO's business; AYRO may be required to raise additional capital to fund its operations and any new endeavors, and such capital raising may be costly or difficult to obtain and could dilute AYRO's stockholders' ownership interests, and AYRO's long term capital requirements are subject to numerous risks; AYRO may fail to comply with evolving environmental and safety laws and regulations; and AYRO is subject to governmental export and import controls that could impair AYRO's ability to compete in international market due to licensing requirements and subject AYRO to liability if AYRO is not in compliance with applicable laws. A discussion of these and other factors with respect to AYRO is set forth in our most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q. Forward-looking statements speak only as of the date they are made and AYRO disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor inquiries:

CORE IR

investors@ayro.com

516-222-2560

SOURCE: Ayro, Inc.

View the original press release on ACCESS Newswire

FAQ

What did AYRO announce regarding Nasdaq compliance in July 2025?

AYRO announced on July 14, 2025, that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding minimum bid price requirements, as confirmed by Nasdaq on July 11, 2025.

What new strategic direction is AYRO pursuing in 2025?

AYRO is exploring opportunities in emerging digital markets, specifically focusing on technologies underlying stablecoins, while maintaining its core electric vehicle business.

What is AYRO's main product line?

AYRO's flagship product is the AYRO Vanish, which is part of their zero emission vehicles and systems product line.

What are the main challenges facing AYRO according to the announcement?

AYRO faces challenges including a history of losses, potential production delays, supply chain issues, market competition, and the need for market acceptance of their vehicles.

How can investors contact AYRO?

Investors can contact AYRO through CORE IR at 516-222-2560 or via email at investors@ayro.com.