Autozi Internet to receive first tranche of $30M investment

Autozi announced that, following communication and confirmation with its co-investors, the delivery of the first tranche of the recently committed additional investment, consisting of assets valued at approximately $30M, is expected to commence within this week. This marks the fulfillment of the co-investors’ recent investment commitment to the company. The controlling shareholder and co-investors committed to an additional investment of approximately $110M at a price of $1.30 per share, specifically dedicated to supplementing the company’s liquidity, accelerating strategic expansion, and optimizing its capital structure. The upcoming delivery of $30M in assets represents the first tranche of this committed investment, following the receipt of the controlling shareholder’s previous $7M investment. The newly injected assets will directly supplement the company’s liquidity reserves. A portion of the assets will be used to increase investment in regional operation centers, offline service outlets, and logistics distribution systems.