Autozi Internet Technology (Global) Ltd. entered into a securities purchase agreement on June 22, 2026, to sell Advance Promissory Notes with an aggregate principal amount of up to $5,250,000. The company closed the initial transaction on June 23, 2026, issuing an initial note of $2,750,000 at a 4.0% original issue discount. The notes are convertible into Class A ordinary shares at a conversion rate of 110% of the principal, interest, and late charges divided by a conversion price that resets every three months to the lower of the current price or 93% of the 10-day VWAP. Autozi Internet Technology (Global) Ltd. operates in the internet technology sector, providing online services and platforms.
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