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Envirotech Vehicles (EVTV)

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Earnings summaries and quarterly performance for Envirotech Vehicles.

Recent press releases and 8-K filings for EVTV.

Envirotech Vehicles Provides Update on Nasdaq Compliance and AZIO AI Partnership
EVTV
Delisting/Listing Issues
M&A
New Projects/Investments
  • Envirotech Vehicles (EVTV) confirmed a Nasdaq compliance matter is procedural and administrative, related to completing annual proxy items for quorum, and is not related to its operating performance or financial condition.
  • The company's strategic execution with AZIO AI remains active and central to its long-term value creation strategy, involving operational alignment and collaborative workstreams for scalable AI infrastructure, energy systems, and next-generation mobility and power solutions.
  • Any potential merger or business combination with AZIO AI, if definitive agreements are reached, would be subject to a separate shareholder vote and was not presented for approval in connection with the current annual proxy vote.
Jan 21, 2026, 6:56 PM
Envirotech Vehicles and AZIO AI Execute Scalable AI Infrastructure Strategy
EVTV
New Projects/Investments
Product Launch
  • AZIO AI and Envirotech Vehicles (EVTV) are executing a scalable AI infrastructure program designed to support sustained, real-world compute workloads.
  • This infrastructure incorporates purpose-built cooling systems, self-owned behind-the-meter power, and a modular deployment architecture.
  • The initial deployment is located in Texas, utilizing on-site natural gas from operating oil field sites for continuous power generation.
  • Under the commercial framework, AZIO AI supplies and sells compute hardware, while EVTV owns the deployed compute assets and participates through infrastructure ownership and hosting economics.
  • The modular design supports initial configurations of approximately 500 kilowatts (kW) of compute load, with expansion pathways designed to scale to multiple megawatts.
Jan 21, 2026, 12:00 PM
Envirotech Vehicles Merger Partner AZIO AI Secures Major Government Order
EVTV
M&A
New Projects/Investments
Revenue Acceleration/Inflection
  • AZIO AI, which has a transformational merger framework with Envirotech Vehicles (NASDAQ: EVTV) establishing a reference transaction value of $3.00 per EVTV share, announced a binding purchase order for 256 Nvidia B300 GPUs. This order represents approximately $107 million in contractual revenue from a major governmental Purchase Order in Southeast Asia.
  • The company anticipates receiving a 30% deposit for this order within the next few weeks.
  • AZIO AI is also engaged in multiple additional government-led initiatives across the region, which collectively represent up to $200 million in potential incremental revenue.
Jan 12, 2026, 12:00 PM
EVTV Enters LOI to Acquire AZIO AI
EVTV
M&A
CEO Change
New Projects/Investments
  • Envirotech Vehicles, Inc. (EVTV) has entered into an Amended and Restated Letter of Intent (LOI) to acquire 100% of AZIO AI Corporation through a merger transaction.
  • This acquisition is intended to strategically transform EVTV's business towards advanced artificial intelligence infrastructure and high-performance computing.
  • The LOI contemplates an enterprise value for AZIO AI of $480 million and an agreed reference value of $3.00 per share for EVTV common stock.
  • Upon the closing of the contemplated transaction, Chris Young, the current Chief Executive Officer of AZIO AI, would be appointed Chief Executive Officer of EVTV.
  • The transaction remains subject to the negotiation and execution of a definitive agreement, completion of due diligence, and receipt of required regulatory and shareholder approvals.
Jan 6, 2026, 12:00 PM
AZIO AI Announces Independent Valuation and Strategic Merger LOI
EVTV
M&A
New Projects/Investments
Revenue Acceleration/Inflection
  • AZIO AI Corporation announced an independent valuation analysis, indicating an enterprise value of approximately $480 million.
  • The valuation report highlights forward-looking scenarios exceeding $1.4 billion and projects revenue growth from approximately $349 million to over $500 million, with EBITDA margins ranging from approximately 20% to over 30%.
  • AZIO AI is engaged in a Letter of Intent (LOI) for a strategic merger with Envirotech Vehicles, Inc. (NASDAQ: EVTV).
Dec 17, 2025, 9:12 AM
Evotrex Announces $16 Million Pre-A Funding and Product Launch
EVTV
Product Launch
New Projects/Investments
Hiring
  • Evotrex has emerged from stealth mode, securing $16 million in Pre-A funding led by Xstar Capital.
  • The company is set to unveil the world's first power-generating RV trailer on January 6 at CES 2026 in Las Vegas.
  • The capital will be used to expand Evotrex’s engineering and product teams and advance the commercialization of its initial product.
Nov 6, 2025, 1:00 PM