AYRO, Inc. Files 8-K with Material Agreements and Officer Changes
Ticker: SBLX · Form: 8-K · Filed: Dec 2, 2024 · CIK: 1086745
| Field | Detail |
|---|---|
| Company | Ayro, Inc. (SBLX) |
| Form Type | 8-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $1,000, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-governance, officer-changes, bylaws
TL;DR
AYRO 8-K: Big changes in agreements, board, and bylaws filed Dec 2.
AI Summary
AYRO, Inc. filed an 8-K on December 2, 2024, reporting several material events. These include entering into a material definitive agreement, modifications to security holder rights, and changes related to directors and officers, including compensatory arrangements. The filing also notes amendments to articles of incorporation or bylaws and a change in fiscal year, along with financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions at AYRO, Inc., potentially impacting its governance, financial structure, and operational direction.
Risk Assessment
Risk Level: medium — The filing details multiple material events including definitive agreements, changes in officer/director roles, and amendments to corporate documents, suggesting potential shifts in the company's strategy or structure.
Key Players & Entities
- AYRO, Inc. (company) — Filer of the 8-K report
- December 2, 2024 (date) — Date of the earliest event reported
- DropCar, Inc. (company) — Former company name
- WPCS INTERNATIONAL INC (company) — Former company name
- PHOENIX STAR VENTURES INC (company) — Former company name
FAQ
What specific material definitive agreement did AYRO, Inc. enter into?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What modifications were made to the rights of AYRO, Inc.'s security holders?
The 8-K reports material modifications to the rights of security holders, but the exact nature of these modifications is not detailed in the excerpt.
Were there any changes in AYRO, Inc.'s directors or officers reported on December 2, 2024?
Yes, the filing reports on the departure of directors or certain officers, election of directors, and appointment of certain officers, as well as compensatory arrangements.
Did AYRO, Inc. amend its articles of incorporation or bylaws?
Yes, the 8-K filing includes information regarding amendments to articles of incorporation or bylaws.
What is AYRO, Inc.'s fiscal year end?
AYRO, Inc.'s fiscal year ends on December 31st.
Filing Stats: 1,176 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-12-02 17:28:21
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share AYRO The Nasdaq Stock Mar
- $1,000 — Preferred Stock, with a stated value of $1,000 per share (the "Preferred Stock"), and
- $0 — e "Plan") at a price per share equal to $0.76, which was the closing price of the
Filing Documents
- form8-k.htm (8-K) — 45KB
- ex3-1.htm (EX-3.1) — 17KB
- ex10-1.htm (EX-10.1) — 27KB
- ex10-2.htm (EX-10.2) — 37KB
- 0001493152-24-048332.txt ( ) — 318KB
- ayro-20241202.xsd (EX-101.SCH) — 3KB
- ayro-20241202_lab.xml (EX-101.LAB) — 33KB
- ayro-20241202_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AYRO, INC. Date: December 2, 2024 By: /s/ Joshua Silverman Joshua Silverman Executive Chairman