Business
AZI Receives US$10 Million Share Subscription from Controlling Shareholder; Plans to Issue Shares at a 30% Premium to Market Price
Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) ("Autozi" or the "Company") today announced that it has formally received US$10 million in share subscription proceeds from its controlling shareholder. Going forward, the Company intends to issue shares to the controlling shareholder at an appropriate time at a price representing a 30% premium to the market price.
About this update from Autozi Internet Technology (global) Ltd.
[{"type":"text","content":"BEIJING, Jan. 30, 2026 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) ("Autozi" or the "Company") today announced that it has formally received US$10 million in share subscription proceeds from its controlling shareholder. Going forward, the Company intends to issue shares to the controlling shareholder at an appropriate time at a price representing a 30% premium to the market price.","length":430,"tagName":"p"},{"type":"text","content":"The Company stated that the subscription proceeds have been fully received. Subsequent matters, including the issuance and registration of the shares, will be implemented in phases in accordance with the established arrangements, following the completion of the necessary corporate governance procedures and applicable disclosure requirements.","length":343,"tagName":"p"},{"type":"text","content":"The Company stated that the controlling shareholder's participation in the share issuance at the agreed subscription price demonstrates strong confidence in AZI's long-term development strategy, business prospects, and intrinsic corporate value. Upon completion of the capital increase, the Company's capital base will be further strengthened, which is expected to:","length":377,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Optimize the Company's capital structure and balance sheet and enhance overall financial stability;","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Support continued investment and expansion of the Company's core businesses and facilitate the execution of key projects;","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"Increase investment in technology research and development, product upgrades, and market channel expansion; and","length":111,"tagName":"p"}]},{"val":[{"type":"text","content":"Enhance the Company's resilience to industry competition and cyclical fluctuations, while improving strategic flexibility.","length":126,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":465,"olType":false},{"type":"text","content":""The controlling shareholder's US$10 million share subscription represents the most direct and meaningful support for the Company's long-term development," AZI stated. "Going forward, we will continue to execute...