AYRO, Inc. Files Amendment to Annual Report

TL;DR

<b>AYRO, Inc. has filed an amendment to its 2023 annual report, confirming compliance with SEC filing requirements.</b>

AI Summary

AYRO, Inc. (SBLX) filed a Amended Annual Report (10-K/A) with the SEC on April 26, 2024. AYRO, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The company is incorporated in Delaware and its principal executive offices are located in Round Rock, Texas. AYRO, Inc. is registered under the ticker symbol AYRO on The Nasdaq Stock Market LLC. The filing indicates that AYRO, Inc. has submitted all required reports for the preceding 12 months and has been subject to these filing requirements for the past 90 days. The company has also submitted all Interactive Data Files required by Rule 405 of Regulation S-T electronically.

Why It Matters

For investors and stakeholders tracking AYRO, Inc., this filing contains several important signals. This amendment suggests that AYRO, Inc. is actively managing its regulatory disclosures, which is crucial for maintaining investor confidence and compliance. The confirmation of timely filings and electronic data submission indicates operational diligence in meeting reporting obligations.

Risk Assessment

Risk Level: low — AYRO, Inc. shows low risk based on this filing. The risk is low as the filing is an amendment to an annual report, indicating ongoing compliance rather than new negative developments.

Analyst Insight

Monitor future filings for any substantive changes or updates that may arise from this amendment.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reported fiscal year end)
• 2024-04-26 — Filing Date (Date of filing)

Key Players & Entities

• AYRO, Inc. (company) — Registrant name
• Delaware (jurisdiction) — State of incorporation
• Round Rock, Texas (location) — Address of principal executive offices
• AYRO (ticker) — Trading Symbol
• The Nasdaq Stock Market LLC (company) — Name of exchange
• 2023-12-31 (date) — Fiscal year end
• 2024-04-26 (date) — Filing date

FAQ

Industry Context

AYRO, Inc. operates in the electric vehicle sector, focusing on last-mile delivery and campus mobility solutions.

Regulatory Implications

The filing is a standard amendment to an annual report (10-K/A) under the Securities Exchange Act of 1934, indicating ongoing regulatory compliance.

What Investors Should Do

1. Review the full 10-K/A filing for any specific details or changes highlighted in the amendment.
2. Track AYRO, Inc.'s subsequent filings for any new financial or operational information.
3. Monitor the company's stock performance and analyst ratings in light of its continued SEC compliance.

Key Dates

• 2023-12-31: Fiscal Year End — Period covered by the annual report
• 2024-04-26: Filing Date — Date of the 10-K/A filing

Year-Over-Year Comparison

This is an amendment to the previous 10-K filing, suggesting updates or corrections rather than a completely new reporting cycle.

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share AYRO The Nasdaq Stock Mar
• $5.44 — 4,515,119 , based on a closing price of $5.44 on June 30, 2023. The registrant does n
• $100,000 — fiscal year ended December 31, 2023 of $100,000 or more, and (iii) up to two additional
• $280,000 — Silverman's annual cash compensation to $280,000, effective as of December 1, 2023. (3
• $270,000 — ngsworth's base salary was increased to $270,000 per annum, and Mr. Hollingsworth was pa
• $25,000 — worth was paid a one-time cash bonus of $25,000. Narrative Disclosure to Summary Comp

Filing Documents

• form10-ka.htm (10-K/A) — 362KB
• ex19-1.htm (EX-19.1) — 117KB
• ex31-1.htm (EX-31.1) — 7KB
• 0001493152-24-016579.txt (&nbsp;) — 768KB
• ayro-20231231.xsd (EX-101.SCH) — 3KB
• ayro-20231231_lab.xml (EX-101.LAB) — 36KB
• ayro-20231231_pre.xml (EX-101.PRE) — 24KB
• form10-ka_htm.xml (XML) — 7KB

Executive Compensation

Executive Compensation 8 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 24 Item 13 Certain Relationships and Related Transactions, and Director Independence 30 Item 14 Principal Accountant Fees and Services 31 PART IV Item 15 Exhibits and Financial Statement Schedules 32

Signatures

Signatures 33 i EXPLANATORY NOTE This Amendment No. 1 to our Annual Report on Form 10-K (this "Amendment") amends the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 of AYRO, Inc., as originally filed with the Securities and Exchange Commission (the "SEC") on April 1, 2024 (the "Form 10-K"). We are filing this Amendment to present the information required by Part III of Form 10-K that was previously omitted from the Form 10-K in reliance on General Instruction G(3) to Form 10-K because a definitive proxy statement containing such information will not be filed within 120 days after the end of the fiscal year covered by the Form 10-K. Accordingly, the reference on the cover page of the Form 10-K to the incorporation by reference of our definitive proxy statement into Part III of the Form 10-K has been removed. In addition, Item 15 of Part IV has been solely amended to include a new certification by our principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. The certification of our principal executive officer and principal financial officer is filed with this Amendment as Exhibit 31.1 hereto. Because no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. Additionally, we are not including the certificate under Section 906 of the Sarbanes-Oxley Act of 2002 as no financial statements are being filed with this Amendment. Except as described above, no other changes have been made to the Form 10-K. Other than the information specifically amended and restated herein, this Amendment does not reflect events occurring after April 1, 2024, the date the Form 10-K was filed, or modify or update those disclosures that may have been affected by subsequent events. 2 PART III ITEM 10. DIRECTORS, EXECUTIV

View Full Filing

View this 10-K/A filing on SEC EDGAR