President — Simon Yu: The President is being removed from the role and executive officer status due to Nasdaq compliance issues, but remains employed, indicating a compliance-driven demotion rather than a full departure.

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 28, 2026, Azio AI Holdings, Inc., a Delaware corporation (the “Company”), received a letter (the “Letter”) from the Listing Qualifications Department (the “Department”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company failed to comply with Nasdaq’s shareholder approval requirements set forth in Nasdaq Listing Rule 5635(b) (the “Rule”), which requires shareholder app…

Other Events. On July 7, 2026, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), issued a press release announcing its entry into the Amended and Restated Agreement and Plan of Merger, dated July 2, 2026 (the “Merger Agreement”), by and among the Company, Azio AI Corporation, a Delaware corporation (“Azio AI”), EV-AZ Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company, and Azio AI, LLC, a Delaware limited liability company and a wholly owned…

Material Modifications to Rights of Security Holders. The matters described in

Completion of Acquisition or Disposition of Assets. On July 2, 2026, the Company completed its business combination with Azio AI. The information contained in

Chairman and CEO — Phillip W. Oldridge: Phillip W. Oldridge resigned from his positions as Chairman and CEO due to the Merger Agreement.

The Merger Consideration issued in the Mergers were, and the shares of Common Stock to be issued upon conversion of the Assumed Convertible Notes, will be offered and sold in transactions exempt from registration under the Securities Act of 1933, as amended (“Securities Act”), in reliance on Section 4(a)(2) thereof and/or Regulation D thereunder, in each case, as transactions by an issuer not involving a public offering. Each of the Azio AI Stockholders and the holders of the Assumed Converti…

Entry into a Material Definitive Agreement. Amended and Restated Agreement and Plan of Merger On July 2, 2026, Envirotech Vehicles, Inc., a Delaware corporation (“EVTV” or the “Company”), acquired Azio AI Corporation, a Delaware corporation (“Azio AI”), in accordance with the terms of the Amended and Restated Agreement and Plan of Merger, dated July 2, 2026 (the “Merger Agreement”), by and among the Company, Azio AI, EV-AZ Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary…

Change in Control of Registrant. The information set forth in

Entry into a Material Definitive Agreement. Agreement and Plan of Merger On May 19, 2026, Envirotech Vehicles, Inc., a Delaware corporation ("EVTV" or the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") by and among (i) the Company, (ii) Azio AI Corporation, a Delaware corporation ("Azio AI"), and (iii) EV-AZ Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company ("Merger Sub"). Pursuant to the Merger Agreement, and subject to t…

The Company entered into Services Agreements with entities owned by key executives, detailing compensation and benefits.

Other Events. On May 20, 2026, the Company issued a press release announcing the signing of the Merger Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Important Information About the Proposed Transaction In connection with the proposed Merger, the Company intends to file with the SEC the Registration Statement that will include a proxy statement of the Company and a prospectus of the Company, as well as other relevant document…

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard ; Transfer of Listing. On April 29, 2026, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the stockholders’ equity for the Company was below $2,500,000 as reported on the Company’s Form 10-K for the year ended December 31, 2025, the Company no l…

Unregistered Sales of Equity Securities. The information contained in

Entry into a Material Definitive Agreement. On March 6, 2026, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with YA II PN, Ltd. (the “Buyer”), pursuant to which the Company agreed to issue and sell to the Buyer, and the Buyer agreed to purchase from the Company, debentures (the “Debentures”) in the aggregate principal amount of $11,000,000 (the “Subscription Amount”) in two tranches with the purchase…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in

Other Events As previously reported in the Company’s Current Report on Form 8-K filed with the SEC on January 20, 2026, the Company received a letter from the Listing Qualifications Department of Nasdaq notifying the Company that, since the Company had not yet held its annual meeting of stockholders within twelve months of the Company’s fiscal year end, it no longer complied with Nasdaq Listing Rule 5620(a). As previously reported in the Company’s Current Report on Form 8-K filed with the SEC…

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard ; Transfer of Listing. As previously reported in the Current Report on Form 8-K filed by Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), with the Securities and Exchange Commission (the “SEC”) on November 17, 2025, on November 12, 2025, Melissa Barcellos informed the Company that she would not stand for re-election to the Company’s Board of Directors (the “Board”) upon expiration of her current t…

The filing describes an amendment to the equity incentive plan, not a management change.

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing . On January 15, 2026, Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), received a letter (the “Notice”) from the Listing Qualifications Department (the “Department”) of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that, since the Company had not yet held its annual meeting of stockholders within twelve months of the Company’s fiscal year end, it no longer com…

Other Events. On January 20, 2026, the Company commenced the Annual Meeting, as previously scheduled following its initial adjournment on December 30, 2025, and adjourned the Annual Meeting until February 3, 2026, at 9:00 a.m., Pacific Time, due to a lack of quorum. The Annual Meeting was adjourned to allow the Company’s stockholders additional time to vote on the proposals described in the Company’s proxy statement for the Annual Meeting. The close of business on November 13, 2025, will cont…

Director — Melissa Barcellos: Ms. Barcellos will not stand for re-election to the Board of Directors.

Entry into a Material Definitive Agreement. As previously disclosed in the Current Report on Form 8-K filed by Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), with the U.S. Securities and Exchange Commission on November 5, 2024 (the “Initial Form 8-K”), the Company entered into a Membership Interest Purchase Agreement, dated October 30, 2024 (the “Purchase Agreement”), with Maddox Industries, LLC, a Puerto Rico limited liability company (“Maddox Industries”), and Jason Madd…

Class II Director — Jason Maddox: Jason Maddox was appointed as a Class II Director of Envirotech Vehicles, Inc.

Material Modification to Rights of Security Holders. To the extent required by