AZIO AI Provides Additional Context on Strategic Discussions with Envirotech Vehicles and Emphasizes Disciplined, Shareholder-Aligned Transaction Framework

Rhea-AI Summary

AZIO AI provided additional context on ongoing strategic discussions with Envirotech Vehicles (NASDAQ: EVTV) on Dec 22, 2025.

Key points: AZIO AI and EVTV have a non-binding LOI to evaluate a potential transaction to help EVTV transition into the AI data center space; an independent valuation placed AZIO AI at about $480 million enterprise value; discussions remain conditional on due diligence, definitive agreements, regulatory review, board approvals, shareholder approval, and potential additional financing.

AZIO AI says it is assessing transaction structures to pursue long-term value creation, capital discipline, and to limit unnecessary dilution to EVTV shareholders where practicable.

Positive

• Independent valuation indicates ~$480M enterprise value
• Non-binding LOI established to evaluate strategic transaction
• Transaction aims to pivot EVTV into the AI data center market

Negative

• Transaction subject to due diligence, regulatory and shareholder approvals
• Potential need for additional financing could increase complexity
• Possible shareholder dilution if financing or consideration requires issuance

Key Figures

Enterprise value $480 million Independent enterprise value analysis for AZIO AI referenced in LOI discussions

Market Reality Check

$0.4700 Last Close

Volume Volume 1,580,922 versus 20-day average 2,067,908 (relative volume 0.76x) shows no obvious volume spike ahead of this news. normal

Technical Shares traded below the 200-day MA of 1.93, with the last price at 0.416, highlighting a weak longer-term trend into this announcement.

Peers on Argus

Sector peers showed mixed moves, with names like AYRO and Cenntro up while others such as ECD Automotive Design traded down, suggesting EVTV’s -20.28% move was more stock-specific than sector-driven.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-08-18

The company has an effective S-3/A shelf registration dated 2025-08-18, expiring 2028-08-18, with 0 recorded usages so far, indicating capacity for future registered capital raises if activated.

Market Pulse Summary

The stock surged +25.0% in the session following this news. A strong positive reaction aligns with the market rewarding EVTV’s potential transition into the AI data center space via the non-binding LOI with AZIO AI. The backdrop included a depressed share price near its 52-week low and trading below the 200-day MA. Investors would need to weigh enthusiasm against the presence of an unused S-3/A shelf from 2025-08-18, which provides flexibility for future registered capital raises.

Key Terms

enterprise value financial

"indicating an enterprise value of approximately $480 million for AZIO AI"

Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.

AI-generated analysis. Not financial advice.

NEWPORT BEACH, Calif., Dec. 22, 2025 /PRNewswire/ -- AZIO AI Corporation ("AZIO AI") is providing additional context regarding its previously disclosed strategic discussions with Envirotech Vehicles, Inc. (NASDAQ: EVTV), following the recent publication of an independent valuation analysis indicating an enterprise value of approximately $480 million for AZIO AI.

As previously announced, AZIO AI and Envirotech Vehicles entered into a non-binding letter of intent ("LOI") under which the parties are evaluating a potential strategic transaction in order to assist EVTV in transitioning into the AI Data center space. Discussions remain subject to customary due diligence, negotiation of definitive documentation, regulatory considerations, and applicable approvals.

Transaction Framework and Shareholder Considerations

AZIO AI recognizes the importance of a disciplined transaction framework that aligns the interests of all stakeholders. Any potential transaction structure under consideration is being evaluated with an emphasis on long-term value creation, capital discipline, and adherence to applicable securities laws and exchange requirements.

While discussions are ongoing, AZIO AI notes that it is working with EVTV to come to a definitive agreement and that there is an ongoing determination regarding transaction structure, consideration, timing, and additional financing. Any potential transaction would be subject to multiple conditions, including completion of due diligence, approval by the respective boards of directors, regulatory review, and shareholder approval.

AZIO AI further acknowledges that potential transaction structures will be assessed with a view toward limiting unnecessary dilution to existing shareholders of Envirotech Vehicles, where practicable, while balancing the strategic and financial objectives of both parties.

"Our Board and management remain focused on prudent execution of strategic opportunities that we believe have the potential to enhance long-term shareholder value for Environtech Vehicles," said Chris Young, Chief Executive Officer of Azio AI. "While our discussions with Environtech Vehicles continue, we remain mindful of our responsibility to their shareholders and the need to preserve capital and minimize dilution."

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding strategic discussions, potential transaction frameworks, capital structure considerations, and anticipated approvals. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including the risk that discussions do not result in a definitive agreement, that conditions to any transaction are not satisfied, or that market, financing, or regulatory conditions change. AZIO AI undertakes no obligation to update any forward-looking statements, except as required by law.

About AZIO AI Corporation

AZIO AI Corporation is a next-generation AI infrastructure platform focused on scalable compute, interconnection networks, and specialized AI deployments across both developed and emerging markets. AZIO AI operates as a standalone company and strategic spin-off of AZIO Corporation, leveraging established experience in hardware distribution, systems integration, and global infrastructure partnerships.

AZIO AI's leadership team includes executives with prior experience at Taiwan-based hardware manufacturing firms, data center memory and component distribution businesses, and large-scale data center development and operations, providing domain expertise across the AI hardware supply chain, infrastructure design, and deployment lifecycle. This background supports AZIO AI's focus on disciplined execution, infrastructure scalability, and alignment with institutional-grade operational standards.

MEDIA CONTACT

Phoenix Management Consulting
Press@PhoenixMGMTConsulting.com
888-228-0122

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SOURCE Azio AI Corporation

FAQ

What did AZIO AI announce about discussions with Envirotech Vehicles (EVTV) on December 22, 2025?

AZIO AI said it is providing additional context on a non-binding LOI with EVTV to evaluate a potential transaction to transition EVTV into the AI data center space.

What enterprise value was reported for AZIO AI in the Dec 22, 2025 update?

An independent valuation analysis indicated an approximate $480 million enterprise value for AZIO AI.

Is the potential AZIO AI–EVTV transaction completed and binding as of Dec 22, 2025?

No; the parties have a non-binding LOI and the transaction remains subject to due diligence, approvals, and definitive agreements.

How could the AZIO AI discussions affect EVTV (NASDAQ: EVTV) shareholders?

AZIO AI said transaction structures will be evaluated to limit unnecessary dilution where practicable, though additional financing or consideration could still dilute shareholders.

What approvals are required before a deal between AZIO AI and EVTV can close?

Typical conditions include completion of due diligence, board approvals, regulatory review, and shareholder approval.