BEIJING, March 18, 2026 (GLOBE NEWSWIRE) -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (the “Company” or “Autozi”), one of the leading and fast-growing lifecycle automotive service providers in China, today announced that the Company’s board of directors approved on February 27, 2026 that the authorised, issued, and outstanding shares of the Company be consolidated on a 10 for 1 ratio with the marketplace effective date of March 23, 2026. The objective of the share consolidation is to enable the ...

Autozi Announces First Tranche of $30 Million Investment from Co-Investors to Commence This Week, Fulfilling Investment Commitment Accessibility Statement Skip NavigationBEIJING, March 10, 2026 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) ("Autozi" or the "Company") today announced that, following communication and confirmation with its co-investors, the delivery of the first tranche of the recently committed additional investment, consisting of assets valued at approximately $30 m ...

Market Overview - U.S. equities closed higher, with the Dow Jones Industrial Average up 0.5% at 47,740.80, the S&P 500 increasing by 0.83% to 6,795.99, and the Nasdaq rising 1.38% to 22,695.94, driven by President Trump's comments on the Iran conflict [1] Company Highlights - **Hims & Hers Health (NYSE:HIMS)**: Stock surged by 40.79% to close at $22.16, reaching an intraday high of $23.51 and a low of $20.97, with a 52-week range of $70.43 to $13.74. This increase followed Novo Nordisk's decision to sell its weight-loss drug through Hims & Hers' telehealth platform, resolving a legal dispute over patent violations [1][2] - **Roku (NASDAQ:ROKU)**: Stock declined by 0.40% to close at $100.17, with an intraday high of $100.25 and a low of $94.88, and a 52-week high of $116.66 and a low of $52.43. The decline occurred after Roku announced the addition of Apple TV to its Premium Subscriptions [2] - **Oracle Corp (NYSE:ORCL)**: Shares fell by 0.92% to close at $151.56, with an intraday high of $152 and a low of $146.43, and a 52-week range from $345.72 to $118.86. Analysts cut price targets ahead of Oracle's upcoming earnings, citing potential margin pressure despite expected revenue growth [3] - **Autozi Internet Technology Ltd (NASDAQ:AZI)**: Stock skyrocketed by 146.40% to close at $0.65, reaching a high of $0.89 and a low of $0.51, with a 52-week range of $69 to $0.26. The stock fell 2.92% to $0.63 in after-hours trading [4] - **Joby Aviation Inc (NYSE:JOBY)**: Stock increased by 5.13% to close at $10.04, with a high of $10.06 and a low of $9.14, and a 52-week range between $20.95 and $4.96. The stock rose 3.59% to $10.40 in extended trading. Joby Aviation was selected for the White House-backed eVTOL Integration Pilot Program, allowing early U.S. operations in 10 states in 2026 ahead of FAA certification, potentially accelerating its path to commercial air-taxi service [5][6]

Autozi Internet Technology (AZI) stock more than tripled on March 9, after the automotive retail and tech firm said its controlling shareholder has completed a previously announced $7 million capital infusion commitment. Investors cheered AZI as the shareholder, in conjunction with several other co-investors, proposed up to $110 million in additional funding, valuing the company shares at $1.30 each. Despite an explosive rally on Monday, however, AZI shares remain down about 75% versus their year-to-date ...

Core Viewpoint - Autozi Internet Technology (Global) Ltd. has announced a $7 million fund transfer from its controlling shareholder, fulfilling an early investment commitment, and has proposed an additional investment of approximately $110 million at $1.30 per share to enhance liquidity and support strategic expansion [1][2] Group 1: Fund Transfer and Initial Commitment - The controlling shareholder has successfully transferred $7 million, confirming the fulfillment of its early investment commitment [1] - The funds will be used to ensure operational continuity, maintain core business activities, and improve short-term working capital conditions [1] Group 2: Proposed Additional Investment - An additional investment of approximately $110 million is proposed at a price of $1.30 per share, reflecting confidence in the company's long-term value [1] - The proposed investment aims to significantly supplement liquidity reserves, enhance financial safety margins, and provide resilience against market uncertainties [1] - Funds will be allocated to support high-potential business segments, optimize supply chain systems, upgrade digital platform capabilities, and expand automotive aftermarket service networks [1] Group 3: Strategic Intent and Market Confidence - The investment is expected to optimize the capital structure, reduce reliance on debt, and enhance financial flexibility for future mergers and acquisitions [1] - The controlling shareholder's commitment is seen as a strong endorsement of the company's governance and management capabilities, signaling long-term trust in its strategic direction [1][2] - The pricing of the proposed investment above current market levels is indicative of the controlling shareholder's independent judgment regarding the company's intrinsic value [2]

Dividends and Financial Distributions - The company has not paid any dividends or distributions to its holding company or investors as of the report date[44]. - The company's PRC subsidiaries have not generated accumulated profits and will not be able to pay dividends until they meet statutory reserve fund requirements[43]. - The company does not have any present plan to pay cash dividends on its ordinary shares in the foreseeable future[46]. Regulatory Compliance and Risks - The company is subject to PRC regulations that may restrict the transfer of funds from its Hong Kong subsidiary to its PRC subsidiaries[46]. - The company must comply with confidentiality and archives administration requirements for overseas offerings, as per the revised Provisions effective March 31, 2023[51]. - The company may face penalties for non-compliance with new regulatory requirements, which could adversely affect its operations and financial condition[50]. - The company has not encountered any restrictions on the amount of funds that can be transferred out of China, provided compliance with procedures is maintained[46]. - The company has not obtained certain fire safety filings for some warehouses and offices, which may lead to administrative penalties affecting operations and financial conditions[54]. - The CSRC has implemented new filing requirements for domestic companies seeking to list overseas, effective March 31, 2023[49]. - The PCAOB has secured complete access to inspect and investigate audit firms in mainland China and Hong Kong, but future inspections remain uncertain[58]. - The company has not received any formal inquiries or sanctions from regulatory authorities regarding necessary permissions for business operations[54]. - The company is subject to various government regulations in China, and failure to comply may have a material adverse effect on its business[73]. - The company is subject to anti-corruption and anti-bribery laws, which if violated, could result in significant fines and penalties[169]. - The company has not registered any of its leasehold interests with the relevant authorities, exposing it to potential fines and operational disruptions[160]. - The company may face legal proceedings related to intellectual property rights, which could disrupt operations and incur significant costs[165]. - The company is currently involved in various litigations and disputes that could harm its reputation and financial condition[166]. - The company faces potential legal and financial repercussions due to non-compliance with anti-corruption and financial sanctions laws, which could adversely affect its business and reputation[172]. Financial Performance and Condition - The company has incurred negative cash flows in operating activities and has not been profitable, which may continue in the future[70]. - The company incurred net losses of US$10.5 million, US$11.1 million, and US$16.6 million for the fiscal years ended September 30, 2023, 2024, and 2025, respectively[89]. - Negative cash flows from operating activities were approximately US$7.3 million, US$10.1 million, and US$4.7 million for the fiscal years ended September 30, 2023, 2024, and 2025, respectively[89]. - The company has benefited from government subsidies for NEVs, but certain subsidies were terminated on December 31, 2022, which may impact future revenues[100]. - A severe or prolonged downturn in the Chinese or global economy could materially and adversely affect the company's business and financial condition[83]. - The company's revenues are heavily dependent on consumer demand and preferences in China, which can be affected by economic conditions and consumer confidence[85]. - Changes in costs or availability of consumer financing may materially adversely affect the company's new car sales and financial results[87]. - The company may require additional capital for growth, and financing may not be available on acceptable terms, impacting business objectives[146][147]. - The company anticipates additional costs related to legal, accounting, and administrative expenses as it operates as a public company[89]. Market and Competitive Landscape - The lifecycle automotive service market in China is highly competitive, with competitors including authorized dealerships, e-commerce platforms, traditional manufacturers, and franchised repair shops[79]. - The company faces risks from intense competition and potential replication of its business model by other automotive platforms and traditional companies[70]. - The company is dependent on relationships with NEV manufacturers, and any deterioration in these relationships could materially impact its business[70]. - The company is exploring opportunities in the NEV market, including mergers and acquisitions, but current sales primarily focus on fuel cars[110]. - The Chinese government imposed limits on new car purchases in several cities, which could adversely affect demand and the company's results of operations[96]. Operational Challenges - Disruptions in the production and delivery of new cars due to supply chain issues, such as semiconductor shortages, could adversely affect the company's financial condition[70]. - The company may face risks related to supply chain shortages, fluctuations in prices, and relationships with suppliers, which could adversely affect its results of operations[73]. - The company may face challenges in attracting and retaining qualified personnel for its MBS stores, which could impact revenues and operations[103]. - The company has ceased providing credit lines to new customers in the auto parts business due to regulatory changes, which may impact cash flows and financial operations[148]. - The company may experience shortages or disruptions in the supply of new cars, auto parts, and accessories, which could adversely affect revenues and profit margins[141]. - The company relies on third-party logistics services for transportation, which may be disrupted by various factors, affecting timely delivery and customer satisfaction[144]. - Seasonal changes impact demand, with historically lower revenues in the first quarter and higher revenues in the second half of the year, particularly during promotional campaigns[149]. - The company may face challenges in managing inventory levels, which could lead to write-downs, overstock, or shortages, adversely affecting financial condition[150][151]. Technology and Cybersecurity - The company possesses personal information of less than one million users and does not qualify for a cybersecurity review under current regulations[48]. - The company must keep up with technological developments, including AI and cloud computing, to maintain competitiveness and avoid adverse effects on business operations[137]. - The company's technology infrastructure may experience disruptions due to network overloads, which could negatively affect customer experience and operational performance[176]. - The company is at risk of data breaches that could lead to significant unplanned expenses and harm its reputation, impacting its financial condition and results of operations[173]. - Companies must comply with various cybersecurity and data protection laws, with potential material adverse effects for non-compliance[232]. Internal Controls and Governance - The company has identified two material weaknesses in its internal control over financial reporting, which could lead to misstatements in financial statements and affect investor confidence[185]. - To address identified weaknesses, the company is hiring qualified accounting personnel and strengthening corporate governance to improve its internal control over financial reporting[187]. - The company may face challenges in maintaining effective internal controls, which could result in material misstatements and limit access to capital markets[190]. - The company has limited experience operating as a public company, which may lead to increased compliance costs and risks associated with non-compliance[182]. - The company is classified as a "controlled company," allowing it to rely on exemptions from certain corporate governance requirements, which may not provide the same protections to shareholders as other companies[181]. Economic and Geopolitical Factors - The ongoing geopolitical tensions and international trade issues may adversely impact the company's business and financial condition[199]. - Changes in China's economic, political, or legal conditions could materially affect the company's business and financial results, as all revenues are sourced from China[196]. - The company may incur increased costs to comply with existing and new regulations, which could adversely impact operations and the value of its securities[210]. - The PCAOB's access to inspect auditors in China has been limited, which may affect investor confidence and the company's compliance with U.S. regulations[215]. - The company’s auditor, Marcum Asia CPAs LLP, is subject to PCAOB inspections, but future regulatory changes in China could necessitate a change in auditors, impacting audit quality evaluations[217].

Core Insights - Autozi Internet Technology (Global) Ltd. has completed negotiations for a significant acquisition of approximately $1.87 billion in premium digital assets from a leading crypto-asset institution for a total consideration of about $1.1 billion, showcasing the company's strategic vision and asset allocation capabilities [1][3] Group 1: Acquisition Details - The acquisition is characterized as a counter-cyclical masterstroke, allowing the company to secure digital assets valued at approximately $1.87 billion for a payment of $1.1 billion, representing a discounted acquisition that provides flexibility for future valuation recovery [3] - The digital asset portfolio will be integrated into the company's balance sheet management, enhancing its asset structure resilience [3][4] Group 2: Strategic Partnership - Autozi has established a medium-to-long term strategic partnership with the Crypto Titan, focusing on Digital Asset Treasury (DAT) development and compliant crypto-payment infrastructure [2][4] - The partnership aims to leverage the Crypto Titan's expertise in liquidity management, compliance, and security to build robust DAT treasury management systems and enhance operational efficiency [6] Group 3: Future Objectives - The collaboration will pursue objectives in the cryptocurrency-based DAT treasury management and crypto payments markets, anticipating significant growth as digital asset infrastructure matures [8] - The company plans to explore innovative application scenarios and increase investments in technology, compliance, and risk management to deliver greater value to stakeholders [8][11] Group 4: Market Expansion - Autozi aims to co-develop crypto-payment solutions for various industries, bridging payment channels between cryptocurrency and fiat currency to facilitate low-cost, efficient cross-border settlements [10] - The strategic blueprint includes creating a multi-scenario crypto-payment network, evolving crypto payments from an investment tool to an everyday payment tool, thereby increasing the utility of crypto-assets in real-world economic activities [10]

Core Viewpoint - Autozi Internet Technology (Global) Ltd. has announced a strengthened collaboration with Velocar Ltd. aimed at achieving approximately US$500 million in revenue over the next three years through M&A-oriented cooperation in the European automotive supply chain [1][4]. Group 1: Partnership Development - Discussions between Autozi and Velocar began around six months ago, leading to a formal business partnership established three months ago, focusing on cross-border vehicle supply and localized services [2]. - The partnership has evolved through in-depth exchanges and multiple discussions, allowing both parties to understand each other's strategic priorities and resource strengths [2]. Group 2: M&A Strategy - As cooperation progressed, both parties recognized that M&A-driven integration could enhance business expansion and operational efficiency, leading to the signing of a memorandum of understanding (MOU) to facilitate further collaboration [3]. - The proposed cooperation aims to leverage Velocar's strengths in vehicle distribution and Autozi's capabilities in digital supply chain platforms to expand market coverage in Europe [4]. Group 3: Long-term Strategy - Autozi plans to advance the cooperation in a prudent manner, focusing on strategic alignment with Velocar as part of its long-term globalization strategy [5].

Core Viewpoint - Autozi Internet Technology (Global) Ltd. has received US$10 million in share subscription proceeds from its controlling shareholder, indicating strong confidence in the company's long-term development strategy and business prospects [1][3]. Group 1: Share Subscription and Corporate Actions - The company has fully received the subscription proceeds and plans to issue shares to the controlling shareholder at a 30% premium to the market price [1][2]. - The issuance and registration of shares will be implemented in phases, following necessary corporate governance procedures and disclosure requirements [2]. Group 2: Confidence and Future Strategy - The controlling shareholder's participation in the share issuance is viewed as a positive signal regarding the company's fundamentals and expected medium- to long-term share price performance [3]. - The company aims to execute its established strategy, accelerate business expansion and product innovation, and enhance operational performance to reward shareholder trust [3]. Group 3: Operational and Financial Goals - The company will continue to adhere to prudent operations and compliant corporate governance practices, enhancing operational efficiency and profitability [4]. - Key goals include optimizing the capital structure, supporting core business expansion, increasing investment in technology and product upgrades, and improving resilience to industry competition [7]. Group 4: Company Overview - Autozi is a technology-driven operator of automotive e-commerce platforms, providing value-added services such as new car sales, parts procurement, and logistics coordination [5]. - The company aims to promote industry transformation by improving circulation efficiency and reducing operational costs [5].

Core Viewpoint - Autozi Internet Technology (Global) Ltd. has regained compliance with Nasdaq's minimum market value requirement, allowing its shares to continue trading on the Nasdaq Global Market [1]. Group 1: Company Compliance - Autozi received a notification from Nasdaq on January 13, 2026, confirming compliance with the minimum market value of listed securities requirement under Nasdaq Listing Rule 5450(b)(2)(A) [1]. - The scheduled hearing before the Hearings Panel on January 22, 2026, has been cancelled due to the company's compliance status [1]. Group 2: Company Overview - Founded in 2010, Autozi is a rapidly growing automotive service and technology platform in China [2]. - The company provides a wide range of high-quality, cost-effective automotive products and services through both online and offline channels across the country [2]. - Autozi utilizes an advanced supply chain cloud platform and SaaS solutions to create an integrated ecosystem that enhances collaboration and efficiency within the automotive industry [2].