SCHEDULE: Diveroli Investment Group Discloses 9.94% Stake in AYRO, Inc.

Diveroli Investment Group LLC and Kingbird Ventures LLC have disclosed a significant 9.94% beneficial ownership stake in AYRO, Inc., holding 54,000 shares of common stock.

Summary

• Diveroli Investment Group LLC and Kingbird Ventures LLC (the "Reporting Persons") have acquired 54,000 shares of AYRO, Inc. common stock.
• This acquisition represents a beneficial ownership of 9.9407% of AYRO, Inc.'s common stock.
• The percentage is calculated based on approximately 543,217 shares of common stock outstanding as of July 29, 2025, as disclosed in an AYRO, Inc. press release dated June 24, 2025.
• The shares are held in the name of Kingbird Ventures LLC, with Diveroli Investment Group LLC acting as its authorized representative.
• The Reporting Persons utilized investment funds in their possession for the acquisition.

Sentiment

Score: 7

Explanation: The acquisition of a significant stake by an investment group is generally a positive signal, indicating confidence in the company's value or potential for improvement. While the filing itself is neutral in tone, the action it describes can be interpreted as bullish.

Positives

• A significant stake acquisition by an investment group can signal confidence in the company's future prospects.
• The investment group may exert influence over corporate activities, potentially leading to strategic improvements.

Negatives

• The filing does not detail specific negative aspects of the company or the investment.

Risks

• The Reporting Persons may acquire additional shares or dispose of their current holdings, which could impact share price volatility.
• While no immediate plans are stated, the Reporting Persons' significant interest could lead to future proposals regarding corporate transactions, management changes, or changes in capitalization, which may or may not align with all shareholder interests.

Future Outlook

The Reporting Persons intend to continuously review their investment in AYRO, Inc. based on various factors including the Issuer's business, financial condition, results of operations, prospects, general economic and industry conditions, and the securities markets. They may acquire additional shares or dispose of existing shares in the future, depending on market and other factors. No specific plans for extraordinary corporate transactions, management changes, or changes in capitalization are currently formulated.

Industry Context

This filing represents a significant stake acquisition by an investment group in a publicly traded company, a common occurrence in the financial markets. It indicates an investor's belief in the long-term value or potential for strategic changes within the company, which is typical for investment groups seeking to influence corporate direction or capitalize on perceived undervaluation.

Comparison to Industry Standards

• The acquisition of a near 10% stake by an investment group is a substantial position, often indicative of an activist or influential investor. For example, similar stakes have been taken by funds like Starboard Value LP or Elliott Management in various companies, aiming to drive operational or strategic changes.
• The stated purpose of potentially influencing corporate activities aligns with common practices of activist investors who seek to unlock shareholder value through engagement with management or board representation.
• The flexibility to acquire or dispose of shares based on market conditions is standard for investment funds managing their portfolios.

Stakeholder Impact

• Shareholders: The acquisition of a significant stake by an investment group could lead to increased scrutiny of management, potential strategic shifts, or enhanced shareholder value if the investment group's objectives align with broader shareholder interests. It could also introduce volatility if the group frequently trades its position.

Next Steps

• The Reporting Persons will continue to review their investment in AYRO, Inc. based on various factors.
• The Reporting Persons may acquire additional shares or dispose of existing shares in the future, depending on market and other factors.

Key Dates

Recommendation

The filing indicates a significant stake taken by an investment group, which can be a positive signal of confidence or potential for future strategic changes. However, it does not provide specific financial performance data or immediate plans for corporate action that would warrant a 'buy' or 'sell' recommendation. The stated intent to review and potentially adjust holdings suggests a wait-and-see approach for other investors, making 'hold' a prudent recommendation until further developments or clearer strategic direction emerges.

Keywords

AYRO Inc., Diveroli Investment Group, Kingbird Ventures, Schedule 13D, Beneficial Ownership, Common Stock, Investment, Stake, Corporate Governance, Shareholder Activism