AZIO AI Seeks Approval for 97.3M Share Conversion, Reverse Split, and New Equity Plan
AZIO sits 29% above its 52-week low of $1.075 on light trading volume (0.3× avg).
Summary
AZIO AI's annual meeting proxy seeks approval to convert Series A Preferred into 97.3M common shares (85% dilution), authorize a reverse split to regain Nasdaq compliance, and adopt a new 14.5M-share equity plan.
Key Events · Corporate Governance and Compliance · AZIO
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Series A Conversion Vote
Proposal 4 seeks approval to convert 973,450 Series A Preferred shares into 97,345,000 common shares, increasing outstanding common from 17,207,848 to 114,552,848 — Series A holders would own 85% post-conversion.
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Reverse Split to Regain Nasdaq Compliance
Proposal 5 authorizes a 1-for-15 to 1-for-30 reverse split. The Board cites a $4.00 minimum bid price for Nasdaq initial listing; the stock traded at $1.18 on September 10, 2026.
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New Equity Plan with Change-in-Control Grants
Proposal 6 reserves 14,500,000 shares under the 2026 Equity Incentive Plan, including contingent grants of 1,500,000 shares each to CFO Jason Maddox and COO Elgin Tracy upon a change in control.
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Auditor Ratification
Proposal 2 asks shareholders to ratify TAAD LLP as independent auditor, following the September 3, 2026 dismissal of Barton CPA and appointment of TAAD on September 8, 2026.
Analysis · AZIO · Manufacturing
This preliminary proxy puts three market-moving items to a shareholder vote. Proposal 4 would convert 973,450 Series A Preferred shares into 97,345,000 common shares — a 566% increase in the share count that would leave Series A holders with 85% of the company. Proposal 5 authorizes a 1-for-15 to 1-for-30 reverse split to lift the stock above Nasdaq's $4.00 initial listing threshold, a direct response to the company's listing deficiency. Proposal 6 reserves 14.5 million shares for a new equity plan, including 3 million shares contingent on a change in control for the CFO and COO. Against a backdrop of going-concern warnings, $142K in cash, and a Nasdaq deficiency notice, these votes are effectively a referendum on the company's survival and capital structure.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.3% of the 1065 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AZIO was trading at $1.39 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $22.7M. The 52-week trading range was $1.08 to $5.03. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.