Proposed transaction expected to transform Autozi into a significantly larger Nasdaq-listed platform with an estimated combined valuation of approximately $320 million
BEIJING, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (“Autozi” or the “Company”), today announced that it has entered into a letter of intent (the “LOI”) with a privately held operating company (the “Counterparty”) to pursue a proposed reverse takeover transaction (the “Transaction”).
Under the proposed Transaction, the Counterparty is expected to be valued at approximately $300 million. Upon completion of the Transaction, the combined company is expected to have an estimated valuation of approximately $320 million, representing a significant expansion in scale compared with Autozi’s current public market capitalization.
The identity of the Counterparty and additional commercial terms remain confidential pending due diligence and negotiation and execution of definitive transaction documents. The parties intend to target completion before year end, subject to customary closing conditions.
Two Sources of Value for Shareholders
The reverse takeover entity.
Upon completion of the Transaction, Autozi would combine with the Counterparty to create a Nasdaq-listed company with an estimated valuation of approximately $320 million. Autozi shareholders would continue to hold equity interests in the combined company and participate in future growth opportunities.
Strategic expansion opportunity.
The proposed Transaction is expected to provide Autozi with access to additional business capabilities, strategic resources and growth opportunities.
What Shareholders Would Receive
Following completion of the proposed Transaction, Autozi shareholders are expected to continue holding equity interests in the combined Nasdaq-listed company and participate in the future growth potential of the expanded platform.
CEO Statement
“Autozi is committed to creating long-term shareholder value through strategic initiatives and transformative business opportunities,” said Mr. Houqi Zhang, Chief Executive Officer of Autozi.
Transaction Status
Completion of the proposed Transaction remains subject to due diligence, definitive transaction documents, financing arrangements and required board, shareholder and regulatory approvals. There can be no assurance that the Transaction will be completed.
About Autozi Internet Technology (Global) Ltd.
Autozi Internet Technology (Global) Ltd. is a technology-enabled company focused on automotive lifecycle services and strategic commercial opportunities.
Forward-Looking Statements
This press release contains certain statements that may be deemed to be forward-looking statements within the meaning of federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements relate to the proposed Transaction, future business strategy, market opportunities, expected timing and future performance.
Forward-looking statements are based on current expectations, estimates and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers should not place undue reliance on these statements. The Company assumes no obligation to update forward-looking statements except as required by law.
Investor Relations Contact
Autozi Internet Technology (Global) Ltd.
Mr. Jiabing Song
Email:
boardoffice@autozi.com
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Autozi Announces LOI for Proposed Reverse Takeover Expected to Create $320 Million Nasdaq-Listed Company
Autozi plans a reverse takeover to create a Nasdaq-listed company with a projected valuation of $320 million.
Quiver AI Summary
Autozi Internet Technology (Global) Ltd. has announced a proposed reverse takeover transaction with a privately held company, which is expected to significantly increase Autozi’s scale and market valuation to approximately $320 million upon completion. The Counterparty involved in the transaction is valued at around $300 million. Autozi shareholders will retain their equity interests in the newly combined Nasdaq-listed company and benefit from future growth opportunities. The transaction is still subject to due diligence, the signing of definitive documents, financing arrangements, and necessary approvals. Completion is targeted before the end of the year, though there is no guarantee that it will occur. CEO Houqi Zhang stated the commitment to creating long-term shareholder value through this strategic expansion.
Potential Positives
Potential Negatives
FAQ
What is the proposed transaction involving Autozi?
The proposed transaction is a reverse takeover that will combine Autozi with a privately held operating company, enhancing its market value.
What will be the estimated valuation after the transaction?
The combined company is expected to have an estimated valuation of approximately $320 million post-transaction.
How will shareholders benefit from the transaction?
Shareholders will retain equity interests in the combined Nasdaq-listed company and benefit from future growth opportunities.
What is the expected timeline for the completion of the transaction?
The parties aim to complete the transaction before the year ends, subject to due diligence and regulatory approvals.
Who is Autozi Internet Technology (Global) Ltd.?
Autozi is a technology-enabled company specializing in automotive lifecycle services and pursuing strategic commercial opportunities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AZI Hedge Fund Activity
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Full Release
Proposed transaction expected to transform Autozi into a significantly larger Nasdaq-listed platform with an estimated combined valuation of approximately $320 million
BEIJING, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) (“Autozi” or the “Company”), today announced that it has entered into a letter of intent (the “LOI”) with a privately held operating company (the “Counterparty”) to pursue a proposed reverse takeover transaction (the “Transaction”).
Under the proposed Transaction, the Counterparty is expected to be valued at approximately $300 million. Upon completion of the Transaction, the combined company is expected to have an estimated valuation of approximately $320 million, representing a significant expansion in scale compared with Autozi’s current public market capitalization.
The identity of the Counterparty and additional commercial terms remain confidential pending due diligence and negotiation and execution of definitive transaction documents. The parties intend to target completion before year end, subject to customary closing conditions.
Two Sources of Value for Shareholders
The reverse takeover entity.
Upon completion of the Transaction, Autozi would combine with the Counterparty to create a Nasdaq-listed company with an estimated valuation of approximately $320 million. Autozi shareholders would continue to hold equity interests in the combined company and participate in future growth opportunities.
Strategic expansion opportunity.
The proposed Transaction is expected to provide Autozi with access to additional business capabilities, strategic resources and growth opportunities.
What Shareholders Would Receive
Following completion of the proposed Transaction, Autozi shareholders are expected to continue holding equity interests in the combined Nasdaq-listed company and participate in the future growth potential of the expanded platform.
CEO Statement
“Autozi is committed to creating long-term shareholder value through strategic initiatives and transformative business opportunities,” said Mr. Houqi Zhang, Chief Executive Officer of Autozi.
Transaction Status
Completion of the proposed Transaction remains subject to due diligence, definitive transaction documents, financing arrangements and required board, shareholder and regulatory approvals. There can be no assurance that the Transaction will be completed.
About Autozi Internet Technology (Global) Ltd.
Autozi Internet Technology (Global) Ltd. is a technology-enabled company focused on automotive lifecycle services and strategic commercial opportunities.
Forward-Looking Statements
This press release contains certain statements that may be deemed to be forward-looking statements within the meaning of federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements relate to the proposed Transaction, future business strategy, market opportunities, expected timing and future performance.
Forward-looking statements are based on current expectations, estimates and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers should not place undue reliance on these statements. The Company assumes no obligation to update forward-looking statements except as required by law.
Investor Relations Contact
Autozi Internet Technology (Global) Ltd.
Mr. Jiabing Song
Email: boardoffice@autozi.com
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