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AZIO AI Provides Additional Context on Strategic Discussions with Envirotech Vehicles and Emphasizes Disciplined, Shareholder-Aligned Transaction Framework
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.
About this update from Envirotech Vehicles, Inc.
[{"type":"text","content":"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.","length":374,"tagName":"p"},{"type":"image","alt":"Azio AI (PRNewsfoto/Azio AI Corporation)","displaySize":"","headline":null,"caption":"Azio AI (PRNewsfoto/Azio AI Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":147,"url":"https://media.zenfs.com/en/prnewswire.com/02d93f695dfaf92b66f546fe34dc1656"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.K_NAtVVMkkVpVw7Yz6kTw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/02d93f695dfaf92b66f546fe34dc1656","width":400,"height":147}},"href":"https://mma.prnewswire.com/media/2841989/AZIOAI_Vector_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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.","length":412,"tagName":"p"},{"type":"text","content":"Transaction Framework and Shareholder Considerations","length":52,"tagName":"p"},{"type":"text","content":"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.","length":331,"tagName":"p"},{"type":"text","content":"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 comp...