Autozi Internet receives $10M share subscription from controlling shareholder

Autozi Internet (AZI) Technology announced that it has formally received $10M in share subscription proceeds from its controlling shareholder. Going forward, the company intends to issue shares to the controlling shareholder at an appropriate time at a price representing a 30% premium to the market price. The company stated that the subscription proceeds have been fully received. Subsequent matters, including the issuance and registration of the shares, will be implemented in phases in accordance with the established arrangements, following the completion of the necessary corporate governance procedures and applicable disclosure requirements.