Envirotech Vehicles, Inc. announced on May 19, 2026 that it has entered into a merger agreement with Azio AI Corporation, whereby Azio AI will become a wholly owned subsidiary of Envirotech. This strategic combination aims to integrate artificial intelligence capabilities with sustainable transportation expertise to enhance product offerings and market position.

On May 19, 2026, Envirotech Vehicles, Inc. entered into a Material Definitive Agreement for a merger with Azio AI Corporation and its subsidiary, EV-AZ Merger Sub, Inc. The agreement stipulates that at the Effective Time, Merger Sub will merge into Azio AI, which will continue as a wholly owned subsidiary of Envirotech. The merger will involve the exchange of each share of Azio AI common stock for considerations as outlined in the Merger Agreement. This strategic merger aims to bolster Envirotech's position in the market by integrating Azio AI's operations and resources. The transaction is subject to the usual conditions precedent to closing.

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ENVIROTECH VEHICLES, INC.

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