AZIO AI Corporation has provided additional context regarding its ongoing strategic discussions with Envirotech Vehicles, Inc. The two companies previously entered into a non-binding letter of intent to explore a potential partnership that would support Envirotech Vehicles in transitioning into the AI data center sector. AZIO AI emphasized that any potential deal will be structured to limit unnecessary dilution for current Envirotech shareholders and balance the strategic and financial objectives of both parties. Discussions are ongoing, with key terms such as transaction structure, timing, and additional financing still under negotiation. Finalization of any agreement remains subject to due diligence, board approvals, and other customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Envirotech Vehicles Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA52767) on December 22, 2025, and is solely responsible for the information contained therein.