Envirotech Vehicles Reaffirms Momentum With AZIO AI and Provides Update on Nasdaq Compliance Process

About this update from Envirotech Vehicles, Inc.

[{"type":"image","alt":"Envirotech Vehicles, Inc.","displaySize":"","headline":null,"caption":"Envirotech Vehicles, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":169,"url":"https://media.zenfs.com/en/globenewswire.com/2de7a124512bc59ba6cf916bc74222c0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/acv1qhNbGEuQM9lDL3N3nw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/2de7a124512bc59ba6cf916bc74222c0","width":300,"height":169}},"lazy":false},{"type":"text","content":"HOUSTON, Jan. 21, 2026 (GLOBE NEWSWIRE) -- via IBN -- Envirotech Vehicles, Inc. (NASDAQ:EVTV) today provided an update to shareholders regarding a recently disclosed Nasdaq compliance matter, while reaffirming the Company's continued strategic momentum and execution alongside AZIO AI.","length":289,"tagName":"p"},{"type":"text","content":"The Company confirmed that the Nasdaq matter is procedural and administrative in nature, stemming solely from the need to formally complete routine annual proxy items following the Company's annual meeting. A substantial portion of the votes required to establish quorum have already been received, and EVTV is actively soliciting the remaining votes necessary to formally satisfy quorum and conclude the meeting in accordance with Nasdaq requirements.","length":456,"tagName":"p"},{"type":"text","content":"This matter is not related to EVTV's operating performance, financial condition, business fundamentals, or strategic execution, and does not impact the Company's ongoing operations or growth initiatives. The Company expects to complete the proxy process in the ordinary course.","length":285,"tagName":"p"},{"type":"text","content":"Envirotech Vehicles further reaffirmed that its strategic execution with AZIO AI remains active, advancing, and central to the Company's long-term value creation strategy.","length":175,"tagName":"p"},{"type":"text","content":"The Company further clarified that any potential merger or business combination with AZIO AI, if and when definitive agreements are reached, would be subject to a separate and distinct shareholder vote, conducted at the appropriate time and in accordance with applicable securities laws, Nasdaq rules, and required disclosures. No merger-related matters were presented for shareholder approval in co...

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