Envirotech Vehicles (NASDAQ: EVTV) restores Nasdaq stockholders’ equity compliance

Rhea-AI Filing Summary

Envirotech Vehicles, Inc. reports that its stockholders’ equity now exceeds the $2.5 million minimum required for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1). The company previously reported stockholders’ equity of approximately $1,862,000 as of September 30, 2025. During the fourth quarter of 2025, it fully repaid an aggregate principal amount of $2,850,000 of outstanding convertible promissory notes, including accrued interest, under its Amended and Restated Standby Equity Purchase Agreement with YA II PN, Ltd. The company also issued advance notices under this agreement in the fourth quarter of 2025 and first quarter of 2026, generating gross proceeds of about $3,100,000 and issuing 5,431,083 shares of common stock. The company cautions there is no assurance it will maintain this equity level in the future.

Positive

• Restored Nasdaq equity compliance: Stockholders’ equity now exceeds the $2.5 million minimum for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1).
• Debt reduction and new capital: Fully repaid $2,850,000 of convertible promissory notes and raised approximately $3,100,000 in gross proceeds through the standby equity facility.

Negative

• None.

Insights

Equity capital markets analyst

Envirotech uses equity line to regain Nasdaq stockholders’ equity compliance.

Envirotech Vehicles, Inc. reports that stockholders’ equity now exceeds the $2.5 million minimum required for Nasdaq Capital Market listing under Listing Rule 5550(b)(1). As of September 30, 2025, equity had been approximately $1,862,000, so the subsequent actions reversed a shortfall versus the requirement.

During the fourth quarter of 2025, the company repaid an aggregate principal amount of $2,850,000 of previously outstanding convertible promissory notes, including accrued interest, under its Amended and Restated Standby Equity Purchase Agreement with YA II PN, Ltd.. In the fourth quarter of 2025 and first quarter of 2026, it issued advance notices under that agreement, receiving gross proceeds of about $3,100,000 and issuing 5,431,083 common shares. This indicates a shift from debt-like funding toward equity-based financing through the standby equity facility.

The company notes there can be no assurance it will continue to meet the $2.5 million stockholders’ equity requirement, so future compliance will depend on ongoing operating results and any additional financing or capital actions disclosed in subsequent filings.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): January 13, 2026

ENVIROTECH VEHICLES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-38078		46-0774222
(Commission File Number)		(IRS Employer Identification No.)
7510 Ardmore Street Houston, TX		77054
(Address of Principal Executive Offices)		(Zip Code)

(870) 970-3355

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

☐ Pre -commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

☐ Pre -commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: 

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $0.00001 par value	EVTV	Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item8.01. Other Events.

As reported in the Quarterly Report on Form 10-Q filed by Envirotech Vehicles, Inc., a Delaware corporation (the “Company”), on November 20, 2025, the Company had stockholders’ equity of approximately $1,862,000 as of September 30, 2025.

During the fourth quarter of 2025, the aggregate principal amount of $2,850,000 of the then outstanding convertible promissory notes under the Company’s Amended and Restated Standby Equity Purchase Agreement, dated October 31, 2024, with YA II PN, Ltd. (the “Investor”), as amended and supplemented by the Supplemental Agreement, dated February 24, 2025 (the “A&R SEPA”), including the accrued interest thereon, was repaid in full through advance notices issued by the Investor under the A&R SEPA. In addition, during the fourth quarter of 2025 and the first quarter of 2026, the Company issued advance notices under the A&R SEPA resulting in gross proceeds to the Company of approximately $3,100,000 and the issuance of 5,431,083 shares of the Company’s common stock, par value $0.00001 per share, pursuant to such advance notices. As a result, as of the date of this Current Report on Form 8-K, the Company’s stockholders’ equity is in excess of the minimum of $2.5 million required for continued listing on the Nasdaq Capital Market pursuant to Listing Rule 5550(b)(1) of The Nasdaq Stock Market LLC (the “Stockholders’ Equity Requirement”).

There can be no assurance, however, that the Company will be able to maintain compliance with the Stockholders’ Equity Requirement in the future.

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.

	ENVIROTECH VEHICLES, INC.
Date: January 13, 2026	By:	/s/  Phillip W. Oldridge
		Phillip W. Oldridge
		Chief Executive Officer

FAQ

What Nasdaq requirement did Envirotech Vehicles (EVTV) address in this filing?

The company reports that its stockholders’ equity is now in excess of the $2.5 million minimum required for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1).

How much stockholders’ equity did Envirotech Vehicles (EVTV) previously report?

The company previously reported stockholders’ equity of approximately $1,862,000 as of September 30, 2025, according to its Quarterly Report on Form 10-Q filed on November 20, 2025.

What debt did Envirotech Vehicles (EVTV) repay in the fourth quarter of 2025?

During the fourth quarter of 2025, the company repaid in full an aggregate principal amount of $2,850,000 of outstanding convertible promissory notes, including accrued interest, under its Amended and Restated Standby Equity Purchase Agreement with YA II PN, Ltd..

How much capital did Envirotech Vehicles (EVTV) raise through its equity facility?

Through advance notices under the Amended and Restated Standby Equity Purchase Agreement during the fourth quarter of 2025 and first quarter of 2026, the company received gross proceeds of approximately $3,100,000.

How many new shares did Envirotech Vehicles (EVTV) issue under the equity agreement?

The company issued 5,431,083 shares of its common stock, par value $0.00001 per share, pursuant to advance notices under the Amended and Restated Standby Equity Purchase Agreement.

Does Envirotech Vehicles (EVTV) guarantee future compliance with Nasdaq equity rules?

No. The company explicitly states that there can be no assurance it will be able to maintain compliance with the $2.5 million stockholders’ equity requirement in the future.