AZIO on Nasdaq
AZIO AI HOLDINGS, INC.
American motor vehicle parts and accessories company based in Houston1
In its 2026 annual report the company says: “We are a diversified, power-backed hardware technology company focused on the development, integration, and deployment of electrified and energy-intensive systems across multiple end markets. Our operating and development initiatives are organized around a common foundation of power management, electrification, and integrated hardware know-how, with current focus areas including commercial EVs, electric drone platforms, and medical supplies.”4 Its shares trade on Nasdaq under the symbol AZIO.1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with Rubber Leaf Inc, Securetech Innovations, Inc. or Worksport Ltd, or pick any stock.
- TickerAZIO on Nasdaq1
- IndustryMotor Vehicle Parts & Accessories1
- HeadquartersHouston, Texas1
- Incorporated inDE2
- Business address7510 Ardmore Street, Houston, Tx 770542
- Filer categoryNon-accelerated filer, Smaller reporting company2
- Legal formCorporation
See how the biggest companies compare on our leaderboards
We are a diversified, power-backed hardware technology company focused on the development, integration, and deployment of electrified and energy-intensive systems across multiple end markets. Our operating and development initiatives are organized around a common foundation of power management, electrification, and integrated hardware know-how, with current focus areas including commercial EVs, electric drone platforms, and medical supplies.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Medical supplies brought in 94% of the revenue AZIO AI HOLDINGS, INC. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Medical supplies | $5.6M | |
| Electric Vehicles | $1.8M | $349.1K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue96¢$19.1M
- Research and development4¢$731.8K
Out of $5.9M in revenue.56 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Sales | $5.9M | $1.9M |
| Cost of sales | $19.1M | $1.4M |
| Gross profit | -$13.2M | $488.8K |
| General and administrative | $11.3M | $8.1M |
| Consulting | $65.3K | $70.0K |
| Research and development | $731.8K | $192.9K |
| Goodwill impairment | $10.1M | $0 |
| Impairment of intangible assets | $3.3M | $0 |
| Total operating expenses, net | $25.5M | $8.4M |
| Loss from operations | -$38.7M | -$7.9M |
| Interest income | $33.3K | $7.7K |
| Loss on conversions and changes in fair value of convertible notes | -$461.0K | -$634.0K |
| Other expense | -$18.1K | -$302.3K |
| Total other income | -$445.8K | -$928.6K |
| Loss before income taxes | -$39.1M | -$8.8M |
| Income tax expense | $0 | $0 |
| Net loss | -$39.1M | -$8.8M |
| Basic and diluted (in dollars per share) | -$11.54 | -$5.46 |
| Basic and diluted (in shares) | 3.4M shares | 1.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-07-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $359.0K | $1.9M | ||
| Inventory, net | $0 | $6.4M | ||
| Inventory deposits | $0 | $6.0M | ||
| EPA fulfillment asset | $1.5M | $0 | ||
| Prepaid expenses | $237.6K | $1.1M | ||
| Other current assets | $188.1K | $101.8K | ||
| Total current assets | $3.5M | $17.6M | ||
| Property and equipment, net | $476.0K | $592.2K | ||
| Right-of-use asset | $485.5K | $108.5K | ||
| Goodwill | $0 | $10.1M | $9.6M | |
| Intangible assets, net | $0 | $4.0M | ||
| Other non-current assets | $222.0K | $263.1K | ||
| Total assets | $4.7M | $32.7M | ||
| Accounts payable | $3.6M | $1.5M | ||
| Deferred revenue | $1.5M | $4.2M | ||
| EPA contract liability | $5.2M | $0 | ||
| Accrued liabilities | $2.3M | $2.1M | ||
| Operating lease liability - short-term | $229.9K | $235.6K | ||
| Options liability, at fair value | $0 | $132.4K | ||
| Debt - current | $505.8K | $3.6M | ||
| Total current liabilities | $13.3M | $11.7M | ||
| Operating lease liability - long-term | $306.9K | $0 | ||
| Debt - long-term | $0 | $4.2K | ||
| Total liabilities | $13.6M | $11.7M | ||
| Preferred stock, 5,000,000 authorized, $0.00001 par value per share, none issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Common stock, 350,000,000 authorized, $0.00001 par value per share, 7,736,129 and 1,987,262 issued and outstanding as of December 31, 2025 and 2024, respectively | $78 | $20 | ||
| Additional paid-in capital | $103.7M | $94.4M | ||
| Accumulated deficit | -$112.6M | -$73.5M | ||
| Total stockholders equity | -$8.9M | $20.9M | $20.6M | |
| Total liabilities and stockholders equity | $4.7M | $32.7M | ||
| Preferred Stock, Shares Authorized (in shares) | 5.0M shares | 5.0M shares | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred Stock, Shares Outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, authorized (in shares) | 350.0M shares | 350.0M shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, issued (in shares) | 7.7M shares | 2.0M shares | ||
| Common stock, outstanding (in shares) | 7.7M shares | 2.0M shares |
| Period ending | 2025-12-31 | 2025-07-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $359.0K | $1.9M | ||
| Inventory, net | $0 | $6.4M | ||
| Inventory deposits | $0 | $6.0M | ||
| EPA fulfillment asset | $1.5M | $0 | ||
| Prepaid expenses | $237.6K | $1.1M | ||
| Other current assets | $188.1K | $101.8K | ||
| Total current assets | $3.5M | $17.6M | ||
| Property and equipment, net | $476.0K | $592.2K | ||
| Right-of-use asset | $485.5K | $108.5K | ||
| Goodwill | $0 | $10.1M | $9.6M | |
| Intangible assets, net | $0 | $4.0M | ||
| Other non-current assets | $222.0K | $263.1K | ||
| Total assets | $4.7M | $32.7M | ||
| Accounts payable | $3.6M | $1.5M | ||
| Deferred revenue | $1.5M | $4.2M | ||
| EPA contract liability | $5.2M | $0 | ||
| Accrued liabilities | $2.3M | $2.1M | ||
| Operating lease liability - short-term | $229.9K | $235.6K | ||
| Options liability, at fair value | $0 | $132.4K | ||
| Debt - current | $505.8K | $3.6M | ||
| Total current liabilities | $13.3M | $11.7M | ||
| Operating lease liability - long-term | $306.9K | $0 | ||
| Debt - long-term | $0 | $4.2K | ||
| Total liabilities | $13.6M | $11.7M | ||
| Preferred stock, 5,000,000 authorized, $0.00001 par value per share, none issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Common stock, 350,000,000 authorized, $0.00001 par value per share, 7,736,129 and 1,987,262 issued and outstanding as of December 31, 2025 and 2024, respectively | $78 | $20 | ||
| Additional paid-in capital | $103.7M | $94.4M | ||
| Accumulated deficit | -$112.6M | -$73.5M | ||
| Total stockholders equity | -$8.9M | $20.9M | $20.6M | |
| Total liabilities and stockholders equity | $4.7M | $32.7M | ||
| Preferred Stock, Shares Authorized (in shares) | 5.0M shares | 5.0M shares | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred Stock, Shares Outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, authorized (in shares) | 350.0M shares | 350.0M shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, issued (in shares) | 7.7M shares | 2.0M shares | ||
| Common stock, outstanding (in shares) | 7.7M shares | 2.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$39.1M | -$8.8M |
| Depreciation and amortization | $960.5K | $190.5K |
| Provision for bad debt | $853.2K | $10.1K |
| Stock based compensation expense | $639.8K | $1.9M |
| Goodwill impairment | $10.1M | $0 |
| Impairment of intangible assets | $3.3M | $0 |
| Loss on conversions and changes in fair value of convertible notes | $461.0K | $634.0K |
| Inventory write-down | $6.0M | $0 |
| Write-off of inventory deposits | $7.0M | $0 |
| Other | $0 | $28.1K |
| Inventory | $388.4K | $414.2K |
| Inventory deposits | -$2.5M | -$2.7M |
| Prepaid expenses | $892.4K | -$515.8K |
| Other current assets | -$86.3K | $101.6K |
| Other non-current assets | -$335.8K | $404.6K |
| Accounts payable | $2.1M | $709.3K |
| Accrued liabilities and deferred revenue | $3.4M | $4.8M |
| Other non-current liabilities | $301.2K | -$215.1K |
| Net cash used in operating activities | -$5.6M | -$3.5M |
| Purchase of property and equipment, net | -$176.8K | -$430.3K |
| Acquisition of Maddox Industries, net of cash | $0 | -$4.3M |
| Net cash used in investing activities | -$176.8K | -$4.7M |
| Proceeds from convertible notes | $4.8M | $2.6M |
| Proceeds from related party loan | $0 | $300.0K |
| Repayment of related party loan | $0 | -$300.0K |
| Proceeds from the issuance of Conrod convertible note | $0 | $901.0K |
| Proceeds from debt | $254.5K | $648.9K |
| Principal repayments on debt | -$479.2K | -$567.2K |
| Net cash provided by financing activities | $4.2M | $9.7M |
| Net change in cash, restricted cash and cash equivalents | -$1.6M | $1.5M |
| Cash paid for interest expense | $14.1K | $26.2K |
| Non-cash transfer of inventory deposits to EPA fulfillment asset | $1.5M | $0 |
| Non-cash transfer of deferred revenue to EPA contract liability | $5.2M | $0 |
| Conversion of short-term notes to common stock | $8.2M | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
AZIO AI HOLDINGS, INC. sits at the top of its group. 11 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of AZIO AI HOLDINGS, INC.
- Jason Maddox Filed SCHEDULE 13D on AZIO AI HOLDINGS, INC., latest Jun 6, 2025
- Hudson Bay Capital Management LP Filed SC 13G/A on AZIO AI HOLDINGS, INC., latest Feb 8, 2022
- Empery Asset Management, LP Filed SC 13G/A on AZIO AI HOLDINGS, INC., latest Jan 19, 2022
- AZIO AI HOLDINGS, INC. Houston, Texas
- 1425 Ohlendorf Road, LLC Subsidiary · Arkansas, United States
- ADOMANI California, Inc. Subsidiary · California, United States
- ADOMANI ZEV Sales, Inc. Subsidiary · California, United States
- AG Drone Inc. (52% equity interest) Subsidiary · Wyoming, United States
- Envirotech Drive Systems Incorporated Subsidiary · Wyoming, United States
- Envirotech Vehicles, Inc. Subsidiary · Philippines
- Maddox Industries, LLC Subsidiary · Puerto Rico, United States
- Progreens Battery Labs, Inc. Subsidiary · Arkansas, United States
- Zero Emission Truck and Bus Sales of Arizona Inc. Subsidiary · Arizona, United States
- ZEV Resources, Inc. Subsidiary · California, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What AZIO AI HOLDINGS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $1.3M5 Dec 31, 2025 | $1.1M5 Dec 31, 2024 | +15.7% |
| Accumulated depreciation | $825.8K5 Dec 31, 2025 | $532.8K5 Dec 31, 2024 | +55.0% |
| Property and equipment, net | $476.0K5 Dec 31, 2025 | $592.2K5 Dec 31, 2024 | −19.6% |
| Operating-lease assets (leased space) | $485.5K5 Dec 31, 2025 | $108.5K5 Dec 31, 2024 | +347.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $359.0K5 Dec 31, 2025 | $1.9M5 Dec 31, 2024 | −81.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $05 Dec 31, 2025 | $10.1M5 Dec 31, 2024 | −100.0% |
| Intangible assets, net (excluding goodwill) | $05 Dec 31, 2025 | $4.0M5 Dec 31, 2024 | −100.0% |
| Finite-lived intangibles, gross | $4.0M5 Dec 31, 2025 | $4.0M5 Dec 31, 2024 | 0% |
| Accumulated amortization | $699.2K5 Dec 31, 2025 | $31.7K5 Dec 31, 2024 | +2105.7% |
| Finite-lived intangibles, net | $05 Dec 31, 2025 | $4.0M5 Dec 31, 2024 | −100.0% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $05 Dec 31, 2025 | $6.4M5 Dec 31, 2024 | −100.0% |
| Finished goods | $6.0M5 Dec 31, 2025 | $6.4M5 Dec 31, 2024 | −6.0% |
Properties, in its own words
At the beginning of 2022, we acquired a 580,000 sq. ft. manufacturing facility located in Osceola, Arkansas, which served as our operational base until our relocation to Houston, Texas was announced in the first quarter of 2025. Following the completion of our transition to the Houston facility, our Osceola facility will be closed during 2026.
In the first quarter of 2025, we announced the relocation of our corporate headquarters to Houston, Texas and the establishment of a new 86,000 square foot facility in Houston, Texas. Our 86,000 square foot facility in Houston is subleased from Maddox Defense, of which Jason Maddox, our President and Interim Chief Financial Officer, is the sole stockholder, with a three-year term (with renewal options), for approximately $20,000 per month. We also lease other office and storage space on a month-to-month basis or under agreements with terms expiring within one year.
Item 2 of the 10-K filed Apr 13, 2026.4
Leadership
Who has led AZIO AI HOLDINGS, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerPhillip Oldridge Dec 2, 2021 to now13
- Chief executive officerJames L. Reynolds Aug 1, 2017 to Jun 2, 202014
- PresidentSimon Yu Jul 16, 2026 to now15
- PresidentJason Maddox Oct 28, 2024 to Jul 16, 202616
- PresidentJames L. Reynolds Aug 1, 2017 to Oct 30, 201814
- Chief financial officerJason Maddox Mar 14, 2025 to now17
- Chief financial officerDouglas M. Campoli Apr 21, 2023 to Apr 21, 202318
- Chief financial officerSusan Marie Emry Jan 10, 2022 to Jan 10, 202219
- Chief financial officerMichael K. Menerey Aug 1, 2017 to Jun 29, 202120
- Chief operating officerElgin Tracy Oct 28, 2024 to now21
- Chief operating officerRichard A. Eckert Aug 1, 2017 to Jun 2, 202022
Board members and other officers (17)
- Chief Business Develop OfficerChi-Wei David Shiue Jul 16, 2026 to now23
- Chief Product OfficerGary Chen Jul 16, 2026 to now24
- Chief Administrative OfficerJenny Yang Jul 16, 2026 to now25
- Chief Communications OfficerMerrick Alpert Mar 24, 2025 to now26
- VP of Sales and MarketingJohn H. Roselli Aug 1, 2017 to Apr 20, 201827
- VP of IR & Business Dev.Kevin G. Kanning Aug 1, 2017 to Apr 20, 201828
- Chief Technology OfficerEdward R. Monfort Aug 14, 2017 to Aug 14, 201729
- Board memberJason Maddox May 27, 2026 to now30
- Board memberLarry Gene Paige Ii. Sep 18, 2026 to now31
- Board memberTerri White Elk Mar 14, 2025 to now32
- Board memberMelissa Barcellos Jun 11, 2021 to Mar 14, 202533
- Board memberPietro Michael A. Di Jun 15, 2021 to now34
- Board memberPhillip Oldridge Dec 2, 2021 to now13
- Board memberGary W. Nettles Aug 1, 2017 to Jun 2, 202035
- Board memberJames L. Reynolds Aug 1, 2017 to Jun 2, 202014
- Board memberJanet L. Boydell Aug 1, 2017 to Jun 2, 202036
- Board memberMichael K. Menerey Aug 1, 2017 to Jun 29, 202120
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1425 Ohlendorf Road, LLC Arkansas3
- ADOMANI California, Inc. California3
- ADOMANI ZEV Sales, Inc. California3
- AG Drone Inc. (52% equity interest) Wyoming3
- Envirotech Drive Systems Incorporated Wyoming3
- Envirotech Drive Systems, Inc. Delaware3
- Envirotech Vehicles, Inc. Philippines3
- Maddox Industries, LLC Puerto Rico3
- Progreens Battery Labs, Inc. Arkansas3
- ZEV Resources, Inc. California3
- Zero Emission Truck and Bus Sales of Arizona Inc. Arizona3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Sep 28, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares40
- Sep 17, 20268-K Bylaws or fiscal year changed41
- Sep 15, 20268-K Financial statements and exhibits42
- Sep 14, 20268-K Executive or director change43
- Sep 10, 20268-K Change of auditor44
- Aug 28, 20268-K Listing notice or transfer; Executive or director change45
- Jul 10, 20268-K Bylaws or fiscal year changed; Regulation FD disclosure; Other events46
- Jul 7, 20268-K Other events47
- Jul 6, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares48
- Jun 29, 20268-K Bylaws or fiscal year changed49
- May 20, 20268-K Entered a material agreement; Change in control; Executive or director change50
- May 5, 20268-K Listing notice or transfer51
- Dec 2, 2021New chief executive Phillip Oldridge becomes CEO13
- Aug 1, 2017New chief executive James L. Reynolds becomes CEO14
Calendar
Coming up
- Nov 18, 2026Reports results for the quarter ending Sep/202652
When it reported results
- May 20, 2024Reported quarterly or annual results53
- Nov 15, 2022Reported quarterly or annual results54
- Aug 16, 2022Reported quarterly or annual results55
- May 16, 2022Reported quarterly or annual results56
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
182 filings to the SEC since October 2021: 6 annual reports, 19 quarterly reports, 55 major events, 37 insider forms, 3 large holders, 4 private raises, 58 other. The latest 20:
- Oct 9, 2026DEF 14A EDGAR
- Sep 28, 20268-K EDGAR
- Sep 18, 2026PRE 14A EDGAR
- Sep 18, 20263 EDGAR
- Sep 17, 20268-K EDGAR
- Sep 15, 20268-K/A EDGAR
- Sep 14, 20268-K EDGAR
- Sep 10, 20268-K EDGAR
- Aug 28, 20268-K EDGAR
- Aug 18, 202610-Q EDGAR
- Aug 14, 2026NT 10-Q EDGAR
- Jul 20, 2026D EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20263 EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20263 EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20263 EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20263 EDGAR
The 182 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
6 open-market trades by officers, directors and large owners since October 2021: 4 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 14, 2026 | Yang JennyChief Administrative Officer | Buy | 24,604 | Form 4 | ||
| Jul 14, 2026 | Chen GaryChief Product Officer | Sale | 12,302 | Form 4 | ||
| Jul 14, 2026 | Young Chris J.Chief Executive Officer | Sale | 12,302 | Form 4 | ||
| Dec 20, 2024 | Maddox JasonPresident & Interim CFO | Buy | 15 | $1.30 | $20 | Form 4 |
| Dec 18, 2024 | Maddox JasonPresident & Interim CFO | Buy | 3,100,000 | Form 4 | ||
| Nov 30, 2021 | OLDRIDGE PHILLIPChief Executive Officer | Buy | 440,000 | $0.28 | $123.2K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Jason MaddoxSCHEDULE 13D, 1 filing Jun 6, 202557
- Hudson Bay Capital Management LPSC 13G/A, 1 filing Feb 8, 202258
- Empery Asset Management, LPSC 13G/A, 1 filing Jan 19, 202259
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Elgin Tracy | $137.6K | $489.6K60 | |
| 2025 | Jason Maddox | 47 | $137.6K | $489.6K60 |
| 2025 | Phillip W. Oldridge | $137.6K60 | ||
| 2024 | Former ChiefExecutive Officer | $87.5K | $1.2M60 |
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $13.2M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $7.6M | $7.6M |
| 2024 | $5.5M | $5.5M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Jul 2, 2026Raised $3.8 million in a private offering of equity37 Form D: $166.7 million offered in all Form D
- Mar 6, 2026Raised $3.9 million in a private offering of debt61 Form D: $10.6 million offered in all Form D
- Dec 18, 2024Raised $4.4 million in a private offering of equity38 Form D: 1 investor so far Form D
- Jan 18, 2024Raised $1.2 million in a private offering of equity39 Form D: 2 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Vanguard Capital Management LLC | 191,471 | $325.5K | 0.0% | +154,321 |
| Geode Capital Management, LLC | 112,348 | $191.0K | 0.0% | +66,775 |
| Millennium Management LLC | 86,573 | $147.2K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 70,871 | $120.5K | 0.0% | +54,068 |
| Flagship Harbor Advisors, LLC | 47,820 | $81.3K | 0.0% | New |
| State Street Corp | 34,570 | $58.8K | 0.0% | New |
| Northern Trust Corp | 30,028 | $51.0K | 0.0% | New |
| StoneX Group Inc. | 24,718 | $47.1K | 0.0% | New |
| Quantinno Capital Management LP | 22,574 | $38.4K | 0.0% | No change |
| BlackRock, Inc. | 13,411 | $22.8K | 0.0% | No change |
| Bank Of Montreal /can/ | 13,300 | $22.6K | 0.0% | No change |
| UBS Group AG | 4,347 | $7.4K | 0.0% | −114,709 |
| Jones Financial Companies Lllp | 2,896 | $4.3K | 0.0% | New |
| Barclays PLC | 2,222 | $3.8K | 0.0% | New |
| Crewe Advisors LLC | 1,470 | $2.5K | 0.0% | No change |
| Caldwell Sutter Capital, Inc. | 1,305 | $2.2K | 0.0% | New |
| Allworth Financial LP | 255 | $434 | 0.0% | No change |
| Tower Research Capital LLC (TRC) | 160 | $272 | 0.0% | −655 |
| Atwood & Palmer Inc | 65 | $111 | 0.0% | No change |
| Caitong International Asset Management Co., Ltd | 49 | $83 | 0.0% | New |
| National Bank Of Canada /fi/ | 22 | $37 | 0.0% | −90 |
| Morgan Stanley | 3 | $5 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How AZIO AI HOLDINGS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAZIO AI HOLDINGS, INC.1
- CIK0001563568
- Employer ID (EIN)46-07742224
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3714 Motor Vehicle Parts & Accessories1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address7510 Ardmore Street, Houston, TX 770541
- Phone(951) 407-98601
- Shares outstanding16,467,848 as of Aug 12, 202612
- Public float$6.4M as of Jun 30, 20254
- AuditorBarton CPA PLLC, Cypress, Texas PCAOB ID 6968; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceDec 3, 20121
- Filings434 in all: 4 (107), 8-K (96), 10-Q (29), 3 (21), CORRESP (19), UPLOAD (18), 4/A (12), DEF 14A (10)1
All 49 form types
DEFA14A (10), 10-K (9), NT 10-Q (9), D (7), EFFECT (7), S-1 (7), 10-Q/A (5), PRE 14A (5), NT 10-K (4), S-1/A (4), SC 13G (4), 1-A/A (3), 10-K/A (3), 424B3 (3), 425 (3), S-3 (3), SC 13G/A (3), 253G2 (2), 5 (2), 8-A12B (2), 8-K/A (2), DOS/A (2), DOSLTR (2), QUALIF (2), RW (2), S-3/A (2), 1-A (1), 1-A POS (1), 25-NSE (1), 253G3 (1), 3/A (1), 424B4 (1), 5/A (1), CERT (1), CERTNAS (1), DOS (1), DRS (1), S-1MEF (1), S-8 (1), SCHEDULE 13D (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Apr 13, 2026
Quarterly report (10-Q) Aug 18, 2026
Proxy statement (DEF 14A) Oct 9, 2026
Latest 8-K (8-K) Sep 28, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.00001 par value | EVTV | Nasdaq |
From the cover page of the 10-K filed Apr 13, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks AZIO AI HOLDINGS, INC. names in Item 1A of its 10-K filed Apr 13, 2026: 53 risks under these headings, as written.4
- Risks Related to Our Business
- We have a history of losses and we may not achieve and/or sustain profitability in the future.
- Management has concluded that there is substantial doubt about our ability to continue as a going concern.
- Our operating results may fluctuate significantly, which makes our future operating results difficult to predict and could cause our operating results to fall below expectations.
- Our future growth is dependent upon demand for our products and services in markets that are rapidly evolving.
- We may not be able to compete successfully against current and future competitors.
- Demand in our industries is volatile, which may materially and adversely affect our business, prospects, operating results and financial condition.
- Our sales cycle can be long and unpredictable and require considerable time and expense before executing a customer agreement, which may make it difficult to project when, if at all, we will obtain new customers and generate revenue from those customers.
- We may not be able to keep pace with technological advances and we depend on advances in technology by other companies
- The demand for commercial zero-emission EVs depends, in part, on the continuation of current trends resulting from historical dependence on fossil fuels. Extended periods of low diesel or other petroleum-based fuel prices could adversely affect demand for vehicles that utilize our technology, which could adversely affect our business, prospects, financial condition and operating results.
- The sizes of the markets for our current and future drone products or AI data compute infrastructure may be smaller than we estimate.
- The market for heavy-lift drones is still emerging and may not scale as expected.
The other 42 risks
- We may not be able to reduce and adequately control the costs and expenses associated with operating our business, including our material and production costs.
- If we fail to manage our anticipated growth effectively, we may be unable to execute our business plan, maintain high levels of service or address competitive challenges adequately.
- Public health crises and other global health pandemics, epidemics or disease outbreaks could adversely impact our business, results of operation and financial condition.
- Unfavorable conditions in the global economy, rising interest rates and capital market liquidity issues could limit our ability to grow our business and negatively affect our operating results.
- Our business depends on our Chief Executive Officer and management team, retaining and attracting qualified management, key employees and technical personnel and expanding our sales and marketing capabilities.
- Our management has limited experience with operating a public company. If we fail to manage our growth effectively, we may not be able to develop, produce, make or sell our products or services successfully.
- The forecasts of market growth may prove to be inaccurate, and even if the markets in which we compete achieve the forecasted growth, our business may not grow at similar rates, if at all.
- We may selectively pursue acquisitions of complementary businesses and technologies, which could divert capital and our management’s attention, result in additional dilution to our stockholders and otherwise disrupt our operations and adversely affect our operating results.
- Expansion of our business strategy into the AI infrastructure market could increase competitive, operational, legal and regulatory risks to our business in ways we cannot predict.
- Risks Relating to the Design, Supply and Manufacturing of our Products
- Due to the nature of our products and services, a product safety failure, quality issue or other failure affecting our or our customers’ or suppliers’ products or systems could seriously harm our business
- We are dependent on third parties to deliver raw materials, parts, components and services in adequate quantity in a timely manner and at reasonable prices, quality levels and volumes acceptable to us. Our business, prospects, financial condition and operating results could be adversely affected if we experience disruptions in our supply chain.
- The facilities or operations of our third-party providers could be damaged or adversely affected as a result of disasters or unpredictable events.
- We depend on information technology, and any breakdown, interruption or breach of our information technology systems could subject us to liability or interrupt the operation of our business, which could have a material adverse effect on our business, financial condition, cash flows and results of operations.
- If our suppliers fail to use ethical business practices and comply with applicable laws and regulations, our brand image could be harmed due to negative publicity.
- Our business success will depend in part on the success of our joint ventures, partnerships and other strategic relationships with third parties. We may not be able to identify adequate strategic relationship opportunities, or form strategic relationships, in the future. The anticipated benefits of potential strategic relationships may not be fully realized or take longer to realize than expected.
- Our suppliers must scale their zero-emission vehicle manufacturing and assembling processes effectively and quickly from low volume production to high volume production.
- We may become subject to product liability claims, which could harm our financial condition and liquidity if we are not able to successfully defend or insure against such claims.
- We may be compelled to undertake product recalls.
- Our warranty reserves may be insufficient to cover future warranty claims, which could adversely affect our financial performance.
- Our insurance strategy may not be adequate to protect us from all business risks.
- If we are unable to design, develop, market and sell other product offerings that address additional market opportunities, our business, prospects and operating results will suffer.
- Our growth depends in part on the availability and amounts of government subsidies and incentives and the application of regulations that encourage conversion to EVs. These subsidies and incentives are limited and unpredictable and could expire or change to benefit competing technologies.
- Our decentralized assembly, sales and service model for our EVs business presents numerous challenges and we may not be able to execute on our plan to establish sales, service and assembly facilities in the urban areas we have targeted and our facilities in any of those markets may underperform relative to our expectations.
- In many of our zero-emission EVs we use battery packs composed of lithium-ion battery cells, which, if not appropriately managed and controlled, on rare occasions have been observed to catch fire or vent smoke and flames. If any such events occur in our commercial EVs, we could face liability for damage or injury, adverse publicity and a potential safety recall.
- Our medical supplies segment is solely dependent on a single customer.
- Risks Relating to the Legal and Regulatory Matters
- We are subject to substantial regulations, which are evolving, and unfavorable changes or any failure by us to comply with these regulations could substantially harm our business and operating results.
- Our drones business is highly regulated and our ability to generate revenues and profit may be limited by regulatory restrictions and/or changes and the speed with which such restrictions and/or changes occur.
- Vehicle dealer and distribution laws could adversely affect our ability to sell our commercial zero-emission EVs.
- We are subject to various environmental laws and regulations that could impose substantial costs upon us and cause delays in opening our sales, service and assembly facilities.
- We may be involved in legal and administrative proceedings that could result in substantial liabilities.
- Risks Related to Intellectual Property
- Any failure to protect our intellectual property rights could impair our ability to protect our proprietary technology.
- We could incur substantial costs as a result of any claim of infringement of another party’s intellectual property rights.
- Risks Related to our Financial Condition
- We may require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all. If we cannot raise additional capital when needed, our operations and prospects will be negatively affected.
- We are currently out of compliance with Nasdaq’s corporate governance requirements and if we fail to satisfy all such requirements, our common stock may be delisted from Nasdaq, which could have an adverse impact on the liquidity and market price of our common stock.
- We may not be able to utilize a significant portion of our net operating loss or research and development tax credit carryforwards, which could adversely affect our profitability.
- Our reported financial results may be adversely affected by changes in Generally Accepted Accounting Principles ("GAAP").
- Risks Related to the Ownership of Our Securities
- The price of our common stock is and is likely to continue to be volatile and fluctuate substantially, which could result in substantial losses for our stockholders and may prevent you from reselling your shares at or above the price you paid for your shares.
- Future sales of our Common Stock could lower our stock price and dilute existing stockholders.
- If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.
- We may fail to meet our publicly announced guidance or other expectations about our business, which would cause our stock price to decline.
- We do not intend to pay dividends for the foreseeable future.
- Provisions in our charter documents and under Delaware law could discourage a takeover that stockholders may consider favorable.
Legal proceedings
The information set forth under Note 12 to our consolidated financial statements contained in Item 8, Part II of this Annual Report is incorporated herein by reference.
In December 2024, the Company received a subpoena from the SEC requesting certain information related to, among other matters, the Company’s restated financial statements announced in its Current Report on Form 8-K filed on April 4, 2023 and its Quarterly Reports on Form 10-Q/A filed on September 22, 2023 for the quarterly periods ended March 31, 2022, June 30, 2022 and September 30, 2022. Subsequently, certain current and former executive officers of the Company received subpoenas from the SEC. The Company is cooperating fully in responding to the subpoena.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARSimon Yu, President
- 16SEC EDGARJason Maddox, President
- 17
- 18
- 19
- 20
- 21SEC EDGARElgin Tracy, Chief operating officer
- 22
- 23
- 24SEC EDGARGary Chen, Chief Product Officer
- 25
- 26
- 27
- 28
- 29
- 30SEC EDGARJason Maddox, Board member
- 31SEC EDGARLarry Gene Paige Ii., Board member
- 32SEC EDGARTerri White Elk, Board member
- 33SEC EDGARMelissa Barcellos, Board member
- 34SEC EDGARPietro Michael A. Di, Board member
- 35SEC EDGARGary W. Nettles, Board member
- 36SEC EDGARJanet L. Boydell, Board member
- 37
- 38
- 39
- 40
- 41SEC EDGARBylaws or fiscal year changed
- 42SEC EDGARFinancial statements and exhibits
- 43SEC EDGARExecutive or director change
- 44SEC EDGARChange of auditor
- 45
- 46
- 47SEC EDGAROther events
- 48
- 49SEC EDGARBylaws or fiscal year changed
- 50
- 51SEC EDGARListing notice or transfer
- 52NasdaqNasdaq calendar
- 53
- 54
- 55
- 56
- 57
- 58
- 59
- 60
- 61