Welcome to our dedicated page for Autozi Internet Technology (Global) Ltd. news (Ticker: AZI), a resource for investors and traders seeking the latest updates and insights on Autozi Internet Technology (Global) Ltd. stock.
News about Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) centers on its activities as a lifecycle automotive service and supply-chain technology platform in China. Founded in 2010, the company reports on developments related to its automotive e-commerce platforms, supply chain cloud technology, and integrated online-offline service network for vehicle-related products and services.
Visitors to this page can review company-issued announcements on topics such as Nasdaq listing compliance, capital markets transactions, and strategic partnerships. Autozi has disclosed multiple notification letters from Nasdaq regarding bid price, market value of listed securities, and market value of publicly held shares, as well as measures like share consolidation and subsequent confirmations that it regained compliance with certain listing rules.
The news feed also includes updates on Autozi’s strategic and operational initiatives. These include the launch of a China-Europe cross-border supply chain platform focused on Customized Passenger Vehicles and Special-Purpose Vehicles, cooperation with industry alliances in China to build maintenance parts supply chain platforms, and memoranda of understanding for large-scale procurement of vehicles and parts through its digital automotive e-commerce platform.
In addition, Autozi has reported investment-related news, such as proposed and confirmed equity investments from strategic investors, and agreements involving senior unsecured convertible notes and private placements. Together, these items provide context on how the company is using capital, partnerships, and technology to support its automotive e-commerce and lifecycle service activities. Investors and observers can use this news page to follow Autozi’s disclosed corporate actions, strategic directions, and platform-related milestones as reported in its press releases.
Autozi Internet Technology (Global) (NasdaqGM: AZI), a leading lifecycle automotive service provider in China, has announced the pricing of its initial public offering. The company is offering 2,500,000 Class A ordinary shares at US$4 per share, aiming to raise approximately $10 million in gross proceeds. Trading is expected to commence on August 28, 2024, under the symbol "AZI" on the Nasdaq Global Market. The underwriter has been granted an option to purchase up to an additional 375,000 shares. Kingswood Capital Partners, is acting as the sole book runner for the offering, which is expected to close on August 29, 2024, subject to customary conditions.