AYRO Inc.

StableX Technologies (formerly AYRO) has initiated the purchase of FLUID tokens as the first investment in its new strategy to support the stablecoin sector and plans total token investments of up to $100 million. FLUID was chosen for its strong growth metrics; the platform is said to hold 31% of stablecoin swap volume and will begin buybacks of all revenue from October 1. StableX, currently valued at about $3.6 million and under heavy pressure year-to-date (share price down more than 51%, revenue down 98%), has appointed James Altucher as digital treasury asset manager to implement the initiative. » More on de.investing.com

AYRO, Inc. altered the rights of its preferred shareholders and created a new Series I convertible preferred stock to be sold to accredited investors, including conversion rights and warrants; adjustments were also made to Series H‑7. The board approved a preemptive rights plan, Diveroli Investment Group acquired 9.9%, and AYRO appointed James Altucher as manager for digital treasury assets as part of a $100 million stablecoin initiative. Nasdaq also reinstated compliance with the minimum bid price rule. The company has roughly $15.4 million in cash and cash equivalents but faces declining revenues and ongoing cash burn, so strategic alternatives are being evaluated. » More on de.investing.com

AYRO, Inc. has announced a comprehensive strategic realignment and is investing $100 million in stablecoin tokens to capitalize on the expected growth of the stablecoin market. The company plans to change its name and ticker symbol, conduct a $7 million private placement, and has appointed James Altucher as Digital Treasury Asset Manager. Additional measures include increasing share capital, introducing a rights offering plan, and focusing on digital assets to enhance shareholder value. » More on de.investing.com