AYRO Announces Significant Amendments and Director Changes

AYRO ( (AYRO) ) has shared an announcement.

AYRO, Inc. has amended its Securities Purchase Agreement with investors, affecting its Series H-7 Convertible Preferred Stock and related warrants. A new amendment has been agreed upon with required holders, classifying Director Equity Grants as ‘Excluded Securities.’ The company’s board approved stock and cash-settled restricted stock unit awards to directors, based on a $0.76 share price, as part of annual and partial annual grants for 2023 and 2024.

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