UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
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Item 8.01 Other Events.
On October 29, 2024, AYRO, Inc. (the “Company”) entered into a stock repurchase agreement (the “Agreement”) with a certain beneficial owner (the “Seller”) of 418,478 shares of the Company’s common stock, US$0.0001 par value per share (the “Common Stock”). Pursuant to the Agreement, the Company agreed to repurchase from the Seller 418,478 shares of Common Stock beneficially owned by the Seller, constituting all of the Seller’s ownership interest in the Company, for an aggregate cash purchase price of US$376,630.20 (equal to US$0.90 per share). The Agreement contains customary representations and warranties and releases by the Seller.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 | Stock Repurchase Agreement, dated as of October 29, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AYRO, INC. | ||
| Date: October 29, 2024 | By: | /s/ Joshua Silverman |
| Joshua Silverman | ||
| Executive Chairman | ||