This filing marks the company's pivot from an EV manufacturer to an AI infrastructure platform with a real, contracted revenue stream. The Power Champion deal provides revenue visibility and validates the business model. Key catalysts to watch: confirmation of new ticker (AZIO) on Monday, July 13; any further updates on expansion rights exercise; and the company's ability to secure additional hosting customers.
Price Chart
Executive Summary
Azio AI Holdings (formerly Envirotech Vehicles, Inc.) completed its name change to Azio AI Holdings, Inc., effective July 9, 2026, with the ticker symbol changing to AZIO effective July 13, 2026, following the closing of the Azio AI merger. Simultaneously, the company announced a material $27.9 million AI infrastructure hosting agreement with Power Champion Investment Limited for an initial 3.1 MW deployment, with expansion rights potentially bringing total contract value to approximately $100 million — its first long-term contracted AI hosting relationship.
Key Facts
- Corporate name changed from Envirotech Vehicles, Inc. to Azio AI Holdings, Inc., effective July 9, 2026
- Ticker symbol changes from EVTV to AZIO, effective at market open on July 13, 2026
- Entered into a $27.9 million AI infrastructure hosting agreement with Power Champion Investment Limited
- Initial contract covers 3.1 MW of hosting capacity, with expansion rights up to 12 MW
- If expansion rights are fully exercised, total potential contract value is approximately $100 million
- Power Champion has placed an initial deposit under the agreement
- CEO Chris Young appointed Chairman of the Board effective July 7, 2026
Financial Impact
Initial $27.9 million in capacity reservation charges over contract term; total potential contract value up to ~$100 million if full expansion rights exercised
Risk Factors
- The company has a limited operating history in AI infrastructure and no prior track record of executing agreements of this scale
- Expansion rights are contingent on customer requirements, site availability, and infrastructure readiness — no assurance they will be exercised
- The required stockholder approval for the conversion of preferred stock issued in the merger (the Conversion Proposal) may not be obtained
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-023245 |
| Exhibit: ex_986209.htm | 0001437749-26-023245 |
| Exhibit: ex_986087.htm | 0001437749-26-023245 |
| Exhibit: ex_986809.htm | 0001437749-26-023245 |
| Document: adom20260708_8k.htm | 0001437749-26-023245 |
| Document: 0001437749-26-023245-index-headers.html | 0001437749-26-023245 |
| Document: 0001437749-26-023245-index.html | 0001437749-26-023245 |
| Document: 0001437749-26-023245.txt | 0001437749-26-023245 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | DEF 14A | — | awaiting T+5 | — | — |
Jul 10, 2026 15w ago | 8-K | $1.80 | awaiting T+5 | — | — |
Jul 7, 2026 16w ago | DEFA14A | $1.91 $1.94 | ▲ +1.57% | ▲ +1.02% | — |
Jul 6, 2026 16w ago | DEFA14A | $1.97 $1.94 | ▼ −1.52% | ▼ −2.01% | — |
Jul 6, 2026 16w ago | 8-K | $1.97 $1.94 | ▼ −1.52% | ▼ −2.01% | — |
Jun 16, 2026 18w ago | 425 | $1.40 $1.53 | ▲ +9.29% | ▲ +10.33% | — |
May 20, 2026 22w ago | 425 | $2.19 $2.36 | ▲ +7.76% | ▲ +6.16% | — |
May 20, 2026 22w ago | 425 | $2.26 $2.54 | ▲ +12.39% | ▲ +11.15% | — |
May 20, 2026 22w ago | 8-K | $2.26 $2.54 | ▲ +12.39% | ▲ +11.15% | — |
May 5, 2026 24w ago | 8-K | $1.74 $2.23 | ▼ −28.16% | ▼ −27.03% | — |
US Market Status
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