QualityStocksNewsBreaks – Envirotech Vehicles, Inc. (NASDAQ: EVTV) Enters Amended LOI to Acquire AZIO AI in Proposed Merger Transaction
Envirotech Vehicles (NASDAQ: EVTV) announced it has entered into an amended and restated letter of intent with AZIO AI Corporation under which EVTV would acquire 100 percent of the issued and outstanding equity interests of AZIO AI through a statutory merger, subject to customary conditions and the execution of a definitive agreement. Under the proposed transaction, AZIO AI would become a wholly owned subsidiary of EVTV in what the company described as a potential strategic transformation toward advanced artificial intelligence infrastructure and high-performance computing, with AZIO AI CEO Chris Young expected to assume the role of chief executive officer of…
