- AYRO Inc. (AYRO, Financial) expands its strategic review to include digital asset initiatives focused on stablecoin technology.
- A 1-for-16 reverse stock split effective June 25, 2025, will reduce outstanding shares from 8,691,466 to approximately 543,217.
- As of March 31, 2025, AYRO reported a strong cash position of $15.4 million.
AYRO Inc. (AYRO), a company known for designing and producing zero-emission vehicles, has announced an expansion of its strategic alternatives review to explore digital asset strategies, with a particular focus on stablecoin technology. This move marks a significant pivot as the company seeks to leverage emerging digital markets alongside its traditional business model.
The company's financial health shows resilience, with a reported cash reserve of $15.4 million as of March 31, 2025. This capital affords AYRO the flexibility to pursue new strategic directions and support its exploration of digital asset opportunities.
In an effort to maintain compliance with Nasdaq listing requirements, AYRO will execute a 1-for-16 reverse stock split, which will take effect at 4:05 p.m. on June 25, 2025. The change will shrink the number of outstanding shares to approximately 543,217, down from 8,691,466, and trading on a split-adjusted basis will commence on June 26, 2025. The company's stock will continue to trade under the same ticker symbol, AYRO.
AYRO's expansion into the stablecoin space aligns with its broader strategy to diversify its technological footprint and explore new avenues for growth. The implications of these strategic shifts will be closely monitored as the company navigates these innovative yet challenging markets.
