AZIO AI HOLDINGS, INC. (EVTV) Form 8-K — Oct 23, 2026
Azio AI Holdings entered into an unsecured revolving credit facility of up to $2.3 million with Azio Corporation on October 21, 2026, bearing 8.5% annual interest and maturing one year later. The facility formalizes $2,225,000 of prior advances already provided by the lender as Loans, with no principal or interest payments due before maturity and proceeds earmarked for working capital. The arrangement is a related-party transaction: Azio Corporation's CEO, Chi Wei David Shiue, is a former Company officer and leads Alora LLC, which owns more than 5% of the Company's shares.
Key figures
- Debt Amount
- 2300000
- Interest Rate
- 8.5
- Maturity
- first business day following one-year anniversary of October 21, 2026
- Facility type
- unsecured revolving credit facility
- Prior advances
- 2225000
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