AZI Short Term Surge June 2026

This continuation rally builds on the momentum from late last week when AZI announced it locked down a definitive $5.25 million convertible promissory note financing agreement with an institutional investor to expand its automotive supply chain and digital R&D platforms.

On June 24, 2026, Autozi Internet Technology (Global) Ltd. (AZI) announced that it executed a definitive Securities Purchase Agreement with an institutional investor to issue an advance promissory note, securing up to $5.25 million in gross proceeds. The agreement also gives the buyer an option over the next 21 months to demand the issuance of an additional $2.5 million in notes, all of which are convertible into AZI ordinary shares.

Management plans to use the capital to fund targeted mergers and acquisitions within China’s auto parts supply chain, build a cross-border supply chain platform for global expansion, and increase R&D for its digital platforms.

Despite the company framing this as a significant financing milestone to enhance operational capacity, the tape reacted poorly to the underlying dilution risk, causing the stock to tumble 32.99% on the day of the announcement.

Climbing from its previous close of $1.86 to finish the day at $2.91.

The intra-day price action experienced a massive 86.17% trading fluctuation, hitting an intra-day high of $3.50 from an early low of $1.88.

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