Overview
- AZIO AI announced a binding purchase order for 256 Nvidia B300 GPUs, totaling about $107 million in contractual revenue.
- The order is tied to a government-led initiative in Southeast Asia, which the company describes as a major program under execution.
- Management says it is pursuing additional government projects across the region that could add up to $200 million in potential revenue, pending final contracts and timelines.
- AZIO AI referenced a merger framework with Envirotech Vehicles that uses a $3.00 per-share reference price and remains non-binding and subject to definitive agreements.
- Market reports noted a sharp rally in Envirotech Vehicles’ stock following the announcement, while AZIO AI also highlighted plans to acquire Azio Corp’s AI division after $2.8 million in revenue from delivered Nvidia B200 GPUs.