AZIO AI Provides Additional Details on Letter of Intent with NASDAQ-Listed Envirotech Vehicles

Core Insights - AZIO AI Corporation is pursuing a potential business combination with Envirotech Vehicles, Inc. (EVTV), informed by an independent third-party valuation of approximately $480 million [3] - The proposed transaction would involve EVTV acquiring 100% of AZIO AI's outstanding equity, contingent upon due diligence, definitive agreements, and necessary approvals [2] Transaction Framework - The transaction framework is based on a valuation of AZIO AI at around $480 million, positioning AZIO AI as the primary operating entity to shift EVTV's strategy towards AI infrastructure [3] - AZIO AI's leadership, including CEO Chris Young, is expected to guide the strategic direction of the combined organization, while EVTV's existing leadership will support the transition [4] Strategic Rationale - The transaction aims to enhance AZIO AI's focus on establishing AI infrastructure globally, particularly in sovereign growth economies in Asia, driven by increasing global demand for scalable AI compute infrastructure [5] - AZIO AI's offerings include enterprise-grade GPU systems and modular data-center solutions designed to meet the needs of government, institutional, and enterprise clients [6] Application of Technology - EVTV's drone operations are anticipated to serve as an application-level platform that utilizes AI infrastructure, generating significant data that requires robust backend computing for processing and analytics [7] Market Context - The growth of publicly traded AI infrastructure companies, exemplified by CoreWeave's market capitalization of approximately $32 billion, highlights the demand for dedicated AI compute infrastructure [8] Path Forward - AZIO AI plans to advance diligence and transaction planning, with next steps including EVTV shareholder approval, SEC registration filings, and compliance audits of AZIO AI [9]