AZIO AI, a newly formed artificial intelligence infrastructure company, today announced that it has entered into a definitive agreement to acquire 100% of the AI division of Azio Corp, subject to customary closing conditions including audit, diligence, and final documentation.
The transaction formalizes the previously announced spin-out of AZIO AI from Azio Corp and transfers the AI-focused operations, customer relationships, and related commercial activity into AZIO AI as an independent company.
Azio Corp has historically operated as a consumer and enterprise computer hardware and accessories business. Over the last year, the company expanded into AI-related infrastructure sourcing, supported by long-standing supply-chain relationships. That AI-focused activity — including completed customer deliveries and signed purchase orders — will be housed entirely within AZIO AI following closing.
Transaction Overview
Under the agreement, AZIO AI has acquired the right to purchase 100% of Azio Corp's AI division. The transaction remains subject to customary due diligence, audit procedures, and other closing conditions.
Management Commentary
"This transaction is about moving a large division of Azio into the newly formed Azio AI and to keep focus," said Chris Young, Chief Executive Officer of AZIO AI. "By consolidating all AI-related commercial activity into AZIO AI, we are aligning our infrastructure strategy, customer relationships, and capital formation under a single, purpose-built platform." Young went on to comment that "The combination of both sets of customers from Azio Corp. and Azio AI will help build a greater revenue run rate for Azio AI as we work towards finishing our material definitive agreement with Envirotech Vehicles (EVTV).
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