SCHEDULE 13G/A: Iroquois Capital Management and Affiliates Maintain Significant Stake in AYRO, Inc. with 9.99% Beneficial Ownership

Iroquois Capital Management, LLC, along with Richard Abbe and Kimberly Page, have filed an amended Schedule 13G, disclosing their continued beneficial ownership of up to 9.99% of AYRO, Inc.'s common stock.

Summary

• Iroquois Capital Management, LLC, Richard Abbe, and Kimberly Page (the "Reporting Persons") have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in AYRO, Inc.
• As of December 31, 2024, Richard Abbe beneficially owns 741,513 shares, representing 9.99% of AYRO, Inc.'s common stock.
• Iroquois Capital Management, LLC and Kimberly Page each beneficially own 683,395 shares, representing 9.22% of AYRO, Inc.'s common stock.
• The reported ownership includes 651,214 shares of Common Stock issuable upon conversion of Preferred Stock and exercise of Warrants, subject to certain ownership blockers (primarily 9.99%, with some Warrants at 4.99%).
• Iroquois Master Fund held 32,181 shares of Common Stock, Warrants to purchase 2,665,016 shares, and 3,333 shares of Preferred Stock.
• Iroquois Capital Investment Group LLC (ICIG) held 58,118 shares of Common Stock, Warrants to purchase 1,403,045 shares, and 6,000 shares of Preferred Stock.
• The percentage ownership is calculated based on 6,764,600 shares of common stock outstanding as of November 21, 2024, as reported by AYRO, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It provides transparency regarding a significant investor's stake but does not contain positive or negative operational or financial news.

Positives

• The continued significant beneficial ownership by institutional investors like Iroquois Capital Management may signal ongoing confidence in AYRO, Inc.'s long-term prospects.
• The filing clarifies the extent of the institutional holding, providing transparency to the market.

Risks

• The existence of a substantial number of Warrants and Preferred Stock convertible into common shares (651,214 shares) represents potential future dilution for existing shareholders if these securities are fully converted, although subject to blockers.
• The 9.99% and 4.99% ownership blockers limit the immediate conversion of preferred stock and warrants, which could affect the liquidity or strategic flexibility of the beneficial owners.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

This filing is a routine disclosure of beneficial ownership by a significant investor, common across all industries for publicly traded companies. It does not provide specific insights into broader industry trends for AYRO, Inc.'s sector, which typically involves electric vehicles or specialized transportation.

Stakeholder Impact

• Shareholders: Provides transparency regarding the ownership structure and the continued significant stake held by Iroquois Capital Management and its affiliates, which could be viewed as a vote of confidence.
• Management: Awareness of a significant and potentially influential shareholder group.

Key Dates

Keywords

AYRO Inc., Schedule 13G, Beneficial Ownership, Iroquois Capital Management, Richard Abbe, Kimberly Page, Common Stock, Preferred Stock, Warrants, Institutional Investor, SEC Filing