AZIO AI Files Required Financials for Azio AI Corporation Merger — Pro Forma Shows $15.2M Six-Month Loss
AZIO is trading near its 52-week low of $1.075 (9.3% above the low) on light trading volume (0.1× avg).
Summary
AZIO AI filed the required financial statements and pro forma information for its July 2026 acquisition of Azio AI Corporation, revealing a combined $15.2 million six-month loss and a $21.7 million purchase price allocation with $19 million in intangibles.
Key Events · M&A and Partnerships · AZIO
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Pro Forma Combined Loss of $15.2M
The unaudited pro forma condensed combined statement of operations for the six months ended June 30, 2026 shows a net loss of $15,247,399, combining the Company's $10.6M loss with Legacy Azio AI's $3.8M loss.
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Purchase Price Allocation Revealed
Total consideration of $21,733,016 was allocated to $19,010,000 of intangibles (customer contract and supplier relationship), $6,502,107 of goodwill, and a $3,992,100 deferred tax liability.
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Legacy Azio AI Going Concern Warning
TAAD LLP's audit report on Legacy Azio AI includes an explanatory paragraph stating substantial doubt about the company's ability to continue as a going concern, with only $102,081 in cash as of June 30, 2026.
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Dilutive Convertible Notes Assumed
Legacy Azio AI's $150,000 of convertible notes convert at 50% of VWAP, with 9.99% beneficial ownership and 19.99% exchange caps, creating potential for significant future dilution.
Analysis · AZIO · Manufacturing
This 8-K/A completes the required financial disclosures for the July 2, 2026 acquisition of Azio AI Corporation. The pro forma combined statements reveal the combined entity lost $15.2 million in the first half of 2026, with Legacy Azio AI contributing $3.8 million of that loss on only $232,800 of revenue. The purchase price allocation shows $19.0 million of intangibles and $6.5 million of goodwill against a $21.7 million total consideration — a premium valuation for a company with a going concern warning and only $102,081 in cash at June 30, 2026. The convertible notes carry a 50% VWAP conversion price, a deeply dilutive structure that could significantly increase share count if converted.
How filings like this one have moved
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At the time of this filing, AZIO was trading at $1.18 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $19.3M. The 52-week trading range was $1.08 to $5.03. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.