Azio AI Holdings Inc. (formerly Envirotech Vehicles, Inc.), including its consolidated subsidiaries ("we," "us," "our," or the "Company"), is a United States ("U.S.") is a developer and operator of scalable artificial intelligence ("AI") infrastructure and data center solutions. The Company also has four business segments: (1) electric vehicles, (2) medical supplies, (3) AI data infrastructure, and (4) drones. See Note 11 - Segment Reporting for additional disclosures.

On July 2, 2026, the Company acquired Azio AI Corporation (“Legacy Azio") pursuant to the merger of EV-AZ Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“First Merger Sub”) with and into Legacy Azio, pursuant to which Legacy Azio was the surviving corporation and became a wholly owned subsidiary of the Company (the “First Merger”) and immediately following the effective time of the First Merger (the “First Effective Time”), Legacy Azio merged with and into Azio AI, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (“Second Merger Sub” and, together with the First Merger, the “Mergers”), pursuant to which Second Merger Sub was the surviving entity and became a wholly owned subsidiary of the Company, in accordance with the terms of the Amended and Restated Agreement and Plan of Merger, dated July 2, 2026 (the “Merger Agreement” and the transactions contemplated thereby, the “Azio Acquisition”)), by and among the Company, Legacy Azio, First Merger Sub and Second Merger Sub. The Azio Acquisition will allow the Company to enhance its AI infrastructure business segment to offer the following services:

See Note 12 - Subsequent Events for further disclosures.