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AZI Receives Investment Letter: CDIB Capital Intends to Invest $300 Million at a Comprehensive Price of $5 Per Share, Company's Financial Strength to Be Significantly Enhanced Upon Transaction Completion

AZI
  • Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) received an investment letter from CDIB Capital International Holdings Limited proposing a total investment of approximately US$300 million.
  • The proposed investment is structured at a comprehensive price of US$5.00 per share and will be executed in stages.
  • Key terms including the investment structure, share source, lock-up arrangements, closing steps, and timelines remain subject to further negotiation (finalized via binding documents).
  • The transaction is conditional on applicable laws, Nasdaq rules, regulatory approvals, (and) internal corporate approvals.
  • Completion of the deal is expected to optimize AZI's capital structure, diversify funding sources, (and) support channel expansion, brand building, technology upgrades, (and) localization in key overseas markets.
  • The collaboration aims to leverage CDIB's capital market experience to accelerate AZI's international growth strategy (and) explore business synergies.
  • The investment letter is a non-binding proposal subject to due diligence, with no assurance that a final agreement will be reached, terms finalized, or investment size confirmed.
  • Autozi operates technology-driven automotive e-commerce platforms providing services such as new car sales, parts procurement, (and) logistics coordination.
  • The announcement includes forward-looking statements regarding risks, uncertainties, (and) potential deviations from expected results.