Autozi Internet executes Securities Purchase Agreement

Autozi Internet (AZI) Technology announced that it entered into a definitive Securities Purchase Agreement with an institutional investor on January 27, pursuant to which the company issued to the Buyer a senior unsecured convertible note and warrant to purchase additional senior unsecured convertible notes. The closing of the transaction contemplated by the Agreement occurred on January 27. The transaction will result in gross proceeds to the company of $27.5M. Proceeds from the transaction will enhance Autozi’s financial flexibility to support its strategic growth initiatives and expand operational capacity.