Ayro announces $22 million offering led by existing investors

Round rock, tx / accesswire / august 8, 2023 / ayro, inc. (nasdaq:ayro) ("ayro" or the "company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, announces that it has executed a securities purchase agreement to raise gross proceeds of approximately $22 million in a private placement of convertible preferred stock and warrants with existing investors. the offering is expected to close on august 10, 2023, subject to the satisfaction of customary closing conditions.
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