Diveroli Investment Group acquires 9.9% stake in AYRO

MIAMI - Diveroli Investment Group (DIG) has acquired a 9.9% ownership stake in AYRO, Inc. (NASDAQ:AYRO), a U.S.-based manufacturer of zero-emission electric vehicles, according to a press release statement issued today. The micro-cap company, currently valued at $4.36 million, has maintained a strong liquidity position with a current ratio of 2.2, according to InvestingPro data.

The investment comes as AYRO explores new strategic directions, including potential initiatives in digital assets with a focus on stablecoin technology. This strategic shift follows the July 18 passage of the GENIUS Act, which established regulatory frameworks for stablecoins in the U.S. financial system. The company’s debt-free status and cash reserves support this potential pivot, though InvestingPro analysis indicates the company is currently burning through cash at a concerning rate.

Aharon Diveroli, Chief Investment Officer at DIG, stated that the firm views AYRO as "a small but well-positioned potential next player following in the footsteps of a company like Circle - cash-heavy, debt-free, and leading the way in digital financial infrastructure development."

The Miami-based investment firm indicated it may offer consultation to AYRO’s management based on its existing exposure to stablecoin infrastructure through other holdings.

While acknowledging that the stablecoin infrastructure space is still developing, DIG suggested that companies in this sector could potentially reach market capitalizations in the nine-figure range.

DIG has expressed openness to discussions with AYRO’s management, shareholders, and partners regarding the company’s potential transition toward digital asset technology.

The investment was disclosed in a Schedule 13D filing with the Securities and Exchange Commission dated July 30, 2025. Based on InvestingPro’s Fair Value analysis, AYRO appears slightly overvalued at its current trading price of $7.51. Investors can access 12 additional ProTips and comprehensive financial metrics through an InvestingPro subscription.

In other recent news, AYRO, Inc. has regained compliance with Nasdaq’s minimum bid price rule, as confirmed by Nasdaq on July 11. This development marks the closure of a compliance issue under Nasdaq Listing Rule 5550(a)(2). The company is also exploring strategic alternatives to enhance stockholder value, including initiatives focused on stablecoin technology and growth of its core business. As of March 31, 2025, AYRO reported a cash position of approximately $15.4 million, which it says provides flexibility to pursue these strategic opportunities. Additionally, AYRO’s stockholders have approved a significant amendment to increase the authorized shares of common stock from 200 million to 1.2 billion. This amendment was filed with the Secretary of State of Delaware on May 23, 2025. At the same stockholder meeting, six directors were elected to the board, and CBIZ CPAs P.C. was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The stockholders also approved a potential reverse stock split at a future date.

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