10/29/2024 | Press release | Distributed by Public on 10/29/2024 15:01
Item 8.01 Other Events.
On October 29, 2024, AYRO, Inc. (the "Company") entered into a stock repurchase agreement (the "Agreement") with a certain beneficial owner (the "Seller") of 418,478 shares of the Company's common stock, US$0.0001 par value per share (the "Common Stock"). Pursuant to the Agreement, the Company agreed to repurchase from the Seller 418,478 shares of Common Stock beneficially owned by the Seller, constituting all of the Seller's ownership interest in the Company, for an aggregate cash purchase price of US$376,630.20 (equal to US$0.90 per share). The Agreement contains customary representations and warranties and releases by the Seller.