Natale Rea Amends Filing for AYRO, Inc.

TL;DR

Natale Rea just updated their stake in AYRO. Keep an eye on this one.

AI Summary

Natale Rea filed an amendment (No. 2) to their Schedule 13D on October 29, 2024, regarding AYRO, Inc. The filing indicates a change in beneficial ownership of AYRO's common stock. Rea Natale is listed as the filer, with a business address in King City, Ontario, Canada.

Why It Matters

This amendment signals a potential shift in significant ownership or strategy for AYRO, Inc., which could impact its stock price and future direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility.

Key Numbers

• 20241029 — Filing Date (Date of the Schedule 13D/A amendment)

Key Players & Entities

• Natale Rea (person) — Filer of the Schedule 13D/A
• AYRO, Inc. (company) — Subject company of the filing
• 0001086745 (company) — Central Index Key for AYRO, Inc.
• 005-58515 (company) — SEC File Number for AYRO, Inc.
• 054748207 (company) — CUSIP Number for AYRO, Inc. Common Stock
• 0002025175 (person) — Central Index Key for Natale Rea

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie
• $0.90 — by the Reporting Person at a price of US$0.90 per share. Item 5.Interest in Securiti
• $0.8401 — Transaction September 6, 2024 187 US$0.8401 Public sale (e) As a result of the t

Filing Documents

• tm2426913d1_sc13da.htm (SC 13D/A) — 31KB
• 0001104659-24-112308.txt ( ) — 32KB

Source or Amount of Funds or Other

Item 3.Source or Amount of Funds or Other Consideration.

of this Schedule 13D is hereby supplemented to incorporate

Item 3 of this Schedule 13D is hereby supplemented to incorporate by reference the information set forth in Item 4 below.

Purpose of Transaction

Item 4.Purpose of Transaction.

of this Schedule 13D is hereby supplemented to include the

Item 4 of this Schedule 13D is hereby supplemented to include the following information: On October 29, 2024, the Reporting Person entered into a Stock Repurchase Agreement with the Issuer, pursuant to which the Issuer acquired 418,478 shares of Common Stock held by the Reporting Person at a price of US$0.90 per share.

Interest in Securities of the Issuer

Item 5.Interest in Securities of the Issuer.

of this Schedule 13D is hereby supplemented to include the

Item 5 of this Schedule 13D is hereby supplemented to include the following information: (a) As of the date hereof, the Reporting Person is the beneficial owner of 0 shares of Common Stock, which represent 0% of the Issuer’s outstanding shares of Common Stock. The aggregate percentage of shares reported by the Reporting Person is based on 6,878,618 shares of common stock outstanding as of August 13, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 filed with the Securities and Exchange Commission on August 15, 2024. (c) In addition to the transaction described in Item 4 above, transactions in the Issuer’s shares by the Reporting Person during the past sixty days include the following: Date No. of Shares Price per share Nature of Transaction September 6, 2024 187 US$0.8401 Public sale (e) As a result of the transaction described in Item 4 above, the Reporting Person ceased to be the beneficial owner of more than five percent of the Common Stock on October 29, 2024.

Contracts, Arrangements, Understandings

Item 6.Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of this Schedule 13D is hereby supplemented to incorporate

Item 6 of this Schedule 13D is hereby supplemented to incorporate by reference the information set forth in Item 4 above.

Material to Be Filed as Exhibits

Item 7.Material to Be Filed as Exhibits.

of this Schedule 13D is hereby amended to add the following

Item 7 of this Schedule 13D is hereby amended to add the following exhibit: CUSIP No. 054748207 13D Page 4 of 5 Pages Exhibit Description 99.1 Stock Repurchase Agreement, dated as of October 29, 2024 (incorporated by reference to Exhibit 10.1 to the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 29, 2024) CUSIP No. 054748207 13D Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. /s/ Natale Rea Natale Rea October 29, 2024

View Full Filing

View this SC 13D/A filing on SEC EDGAR