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[D] AYRO, Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
D
Rhea-AI Filing Summary

AYRO, Inc. filed a Form D reporting a Regulation D offering under Rule 506(b). The notice states the total offering amount was $7,000,000, the total amount sold was $7,000,000, and $0 remains to be sold. The issuer reports 10 investors have invested to date and identifies the first sale date as 2025-08-08. Sales commissions are reported as $560,000 (listed as an estimate) and the issuer issued placement-agent warrants to purchase up to 140,000 shares at an $8.00 exercise price (subject to adjustment). The filing lists AYRO's principal address in New York and names Joshua Silverman as CEO, Joseph Ramelli as CFO and several directors and officers.

AYRO, Inc. ha depositato un Form D relativo a un'offerta ai sensi del Regolamento D, Rule 506(b). La comunicazione indica un ammontare totale offerto di $7.000.000, di cui è stato collocato l'intero importo di $7.000.000, e che non resta nulla da vendere ($0). L'emittente dichiara che finora hanno investito 10 investitori e indica la prima data di vendita come 2025-08-08. Le commissioni di vendita sono riportate come stimate in $560.000 e all'emittente sono state rilasciate warrant da parte del placement agent per acquistare fino a 140.000 azioni a un prezzo di esercizio di $8,00 (soggetto ad aggiustamenti). Nel deposito è riportato l'indirizzo principale di AYRO a New York e sono indicati Joshua Silverman come amministratore delegato (CEO), Joseph Ramelli come direttore finanziario (CFO) e vari amministratori e dirigenti.

AYRO, Inc. presentó un Form D notificando una oferta conforme al Reglamento D, Rule 506(b). El aviso señala que el monto total ofrecido fue de $7,000,000, que el total vendido fue $7,000,000 y que no queda por venderse nada ($0). La emisora informa que hasta la fecha han invertido 10 inversores y que la primera fecha de venta fue el 2025-08-08. Las comisiones de venta se reportan como estimadas en $560,000 y la emisora emitió warrants del agente colocador para comprar hasta 140,000 acciones a un precio de ejercicio de $8.00 (sujeto a ajustes). La presentación lista la dirección principal de AYRO en Nueva York y nombra a Joshua Silverman como CEO, a Joseph Ramelli como CFO y a varios directores y ejecutivos.

AYRO, Inc.� 규정 D(Regulation D)� 따른 Rule 506(b) 공시� 위해 Form D� 제출했습니다. 공시에는 � 모집금액� $7,000,000, � 판매금액� $7,000,000이며 남은 판매액은 $0� 기재되어 있습니다. 발행사는 현재까지 10명의 투자자가 참여했으� 최초 판매일을 2025-08-08으로 보고했습니다. 판매 수수료는 추정치로 $560,000� 기재되었�, 발행사는 배치먼트 에이전트에게 최대 140,000�� 주당 $8.00� 행사 가�(조정 가�)으로 매수� � 있는 워런트를 발행했습니다. 제출서류에는 AYRO� 본사 주소가 뉴욕으로 기재되어 있으� Joshua Silverman� CEO, Joseph Ramelli� CFO�, 여러 이사 � 임원� 명시하고 있습니다.

AYRO, Inc. a déposé un Form D signalant une offre au titre du Règlement D, Rule 506(b). L'avis indique que le montant total offert était de $7,000,000, que le montant total vendu était de $7,000,000 et qu'il ne reste rien à vendre ($0). L'émetteur déclare que 10 investisseurs ont investi à ce jour et précise la date de première vente au 2025-08-08. Les commissions de vente sont déclarées estimées à $560,000 et l'émetteur a émis des warrants au profit du placement agent pour acheter jusqu'à 140,000 actions à un prix d'exercice de $8.00 (susceptible d'ajustement). Le dossier indique l'adresse principale d'AYRO à New York et nomme Joshua Silverman comme PDG, Joseph Ramelli comme directeur financier (CFO) ainsi que plusieurs administrateurs et dirigeants.

AYRO, Inc. hat ein Form D eingereicht und eine Offering nach Regulation D unter Rule 506(b) gemeldet. Die Mitteilung gibt an, dass der Gesamtangebotsbetrag $7.000.000 betrug, dass insgesamt $7.000.000 verkauft wurden und dass $0 zum Verkauf verbleiben. Der Emittent berichtet, dass bislang 10 Investoren investiert haben und nennt den Erstverkaufstermin 2025-08-08. Verkaufskommissionen werden als geschätzte $560.000 angegeben, und der Emittent hat Platzierungs-Agenten-Warrants ausgegeben, die zum Kauf von bis zu 140.000 Aktien zu einem Ausübungspreis von $8,00 (anpassbar) berechtigen. Die Einreichung nennt AYROs Hauptsitz in New York und führt Joshua Silverman als CEO, Joseph Ramelli als CFO sowie mehrere Direktoren und Führungskräfte auf.

Positive
  • Offering fully sold: Total offering amount $7,000,000 and total amount sold $7,000,000 with $0 remaining to be sold.
  • Regulation D exemption used: Offering claimed under Rule 506(b), a common SEC exemption for private placements.
  • Officer and director identities disclosed: CEO, CFO and other officers/directors are named with principal business address.
Negative
  • Sales commissions disclosed: Estimated sales commissions of $560,000 were paid in connection with the offering.
  • Placement-agent warrants issued: Issuer issued warrants to purchase up to 140,000 shares at an $8.00 exercise price (subject to price-based adjustment), which may affect future equity dilution.

Insights

TL;DR: AYRO completed a $7.0M Rule 506(b) offering fully sold as reported, with placement-agent warrants and material estimated commissions.

The Form D indicates a completed exempt offering totaling $7,000,000 with no remaining securities to sell, filed under Rule 506(b). The filing discloses estimated sales commissions of $560,000 and warrants issued to placement agents to purchase up to 140,000 shares at an $8.00 exercise price (subject to adjustment). Ten investors are reported. For investors evaluating dilution and transaction costs, the placement-agent warrants and the stated commission expense are directly relevant to capitalization and cost of capital.

TL;DR: Filing transparently names executive officers and directors and discloses placement-agent compensation tied to the offering.

The Form D lists principal officers (including CEO Joshua Silverman and CFO Joseph Ramelli) and multiple directors, and clearly identifies placement agents and their addresses. It also confirms no proceeds were designated for payments to named officers or directors. The disclosure of placement-agent warrants and estimated commissions provides necessary governance-level transparency about who benefited from the offering and potential future equity dilution.

AYRO, Inc. ha depositato un Form D relativo a un'offerta ai sensi del Regolamento D, Rule 506(b). La comunicazione indica un ammontare totale offerto di $7.000.000, di cui è stato collocato l'intero importo di $7.000.000, e che non resta nulla da vendere ($0). L'emittente dichiara che finora hanno investito 10 investitori e indica la prima data di vendita come 2025-08-08. Le commissioni di vendita sono riportate come stimate in $560.000 e all'emittente sono state rilasciate warrant da parte del placement agent per acquistare fino a 140.000 azioni a un prezzo di esercizio di $8,00 (soggetto ad aggiustamenti). Nel deposito è riportato l'indirizzo principale di AYRO a New York e sono indicati Joshua Silverman come amministratore delegato (CEO), Joseph Ramelli come direttore finanziario (CFO) e vari amministratori e dirigenti.

AYRO, Inc. presentó un Form D notificando una oferta conforme al Reglamento D, Rule 506(b). El aviso señala que el monto total ofrecido fue de $7,000,000, que el total vendido fue $7,000,000 y que no queda por venderse nada ($0). La emisora informa que hasta la fecha han invertido 10 inversores y que la primera fecha de venta fue el 2025-08-08. Las comisiones de venta se reportan como estimadas en $560,000 y la emisora emitió warrants del agente colocador para comprar hasta 140,000 acciones a un precio de ejercicio de $8.00 (sujeto a ajustes). La presentación lista la dirección principal de AYRO en Nueva York y nombra a Joshua Silverman como CEO, a Joseph Ramelli como CFO y a varios directores y ejecutivos.

AYRO, Inc.� 규정 D(Regulation D)� 따른 Rule 506(b) 공시� 위해 Form D� 제출했습니다. 공시에는 � 모집금액� $7,000,000, � 판매금액� $7,000,000이며 남은 판매액은 $0� 기재되어 있습니다. 발행사는 현재까지 10명의 투자자가 참여했으� 최초 판매일을 2025-08-08으로 보고했습니다. 판매 수수료는 추정치로 $560,000� 기재되었�, 발행사는 배치먼트 에이전트에게 최대 140,000�� 주당 $8.00� 행사 가�(조정 가�)으로 매수� � 있는 워런트를 발행했습니다. 제출서류에는 AYRO� 본사 주소가 뉴욕으로 기재되어 있으� Joshua Silverman� CEO, Joseph Ramelli� CFO�, 여러 이사 � 임원� 명시하고 있습니다.

AYRO, Inc. a déposé un Form D signalant une offre au titre du Règlement D, Rule 506(b). L'avis indique que le montant total offert était de $7,000,000, que le montant total vendu était de $7,000,000 et qu'il ne reste rien à vendre ($0). L'émetteur déclare que 10 investisseurs ont investi à ce jour et précise la date de première vente au 2025-08-08. Les commissions de vente sont déclarées estimées à $560,000 et l'émetteur a émis des warrants au profit du placement agent pour acheter jusqu'à 140,000 actions à un prix d'exercice de $8.00 (susceptible d'ajustement). Le dossier indique l'adresse principale d'AYRO à New York et nomme Joshua Silverman comme PDG, Joseph Ramelli comme directeur financier (CFO) ainsi que plusieurs administrateurs et dirigeants.

AYRO, Inc. hat ein Form D eingereicht und eine Offering nach Regulation D unter Rule 506(b) gemeldet. Die Mitteilung gibt an, dass der Gesamtangebotsbetrag $7.000.000 betrug, dass insgesamt $7.000.000 verkauft wurden und dass $0 zum Verkauf verbleiben. Der Emittent berichtet, dass bislang 10 Investoren investiert haben und nennt den Erstverkaufstermin 2025-08-08. Verkaufskommissionen werden als geschätzte $560.000 angegeben, und der Emittent hat Platzierungs-Agenten-Warrants ausgegeben, die zum Kauf von bis zu 140.000 Aktien zu einem Ausübungspreis von $8,00 (anpassbar) berechtigen. Die Einreichung nennt AYROs Hauptsitz in New York und führt Joshua Silverman als CEO, Joseph Ramelli als CFO sowie mehrere Direktoren und Führungskräfte auf.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
None
Entity Type
0001086745
DropCar, Inc.
WPCS INTERNATIONAL INC
PHOENIX STAR VENTURES INC
X Corporation
Limited Partnership
Limited Liability Company
General Partnership
Business Trust
Other (Specify)

Name of Issuer
AYRO, Inc.
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
X Over Five Years Ago
Within Last Five Years (Specify Year)
Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
AYRO, Inc.
Street Address 1 Street Address 2
1185 AVENUE OF THE AMERICAS
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
NEW YORK NEW YORK 10036 (512) 994-4917

3. Related Persons

Last Name First Name Middle Name
Silverman Joshua
Street Address 1 Street Address 2
1185 Avenue of the Americas
City State/Province/Country ZIP/PostalCode
NEW YORK NEW YORK 10036
Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Chief Executive Officer
Last Name First Name Middle Name
Ramelli Joseph
Street Address 1 Street Address 2
1185 Avenue of the Americas
City State/Province/Country ZIP/PostalCode
NEW YORK NEW YORK 10036
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

Chief Financial Officer
Last Name First Name Middle Name
Villarreal Gilbert
Street Address 1 Street Address 2
1185 Avenue of the Americas
City State/Province/Country ZIP/PostalCode
NEW YORK NEW YORK 10036
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

President of AYRO Operating Company
Last Name First Name Middle Name
Devlin George
Street Address 1 Street Address 2
1185 Avenue of the Americas
City State/Province/Country ZIP/PostalCode
NEW YORK NEW YORK 10036
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Joseph Zvi
Street Address 1 Street Address 2
1185 Avenue of the Americas
City State/Province/Country ZIP/PostalCode
NEW YORK NEW YORK 10036
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Schiffman Greg
Street Address 1 Street Address 2
1185 Avenue of the Americas
City State/Province/Country ZIP/PostalCode
NEW YORK NEW YORK 10036
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Walker Wayne
Street Address 1 Street Address 2
1185 Avenue of the Americas
City State/Province/Country ZIP/PostalCode
NEW YORK NEW YORK 10036
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


4. Industry Group

Agriculture
Banking & Financial Services
Commercial Banking
Insurance
Investing
Investment Banking
Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
Yes No
Other Banking & Financial Services
Business Services
Energy
Coal Mining
Electric Utilities
Energy Conservation
Environmental Services
Oil & Gas
Other Energy
Health Care
Biotechnology
Health Insurance
Hospitals & Physicians
Pharmaceuticals
Other Health Care
Manufacturing
AG˹ٷ Estate
Commercial
Construction
REITS & Finance
Residential
Other AG˹ٷ Estate
Retailing
Restaurants
Technology
Computers
Telecommunications
Other Technology
Travel
Airlines & Airports
Lodging & Conventions
Tourism & Travel Services
Other Travel
X
Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
$1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 Over $100,000,000
X Decline to Disclose Decline to Disclose
Not Applicable Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

Rule 504(b)(1) (not (i), (ii) or (iii))
Rule 504 (b)(1)(i)
Rule 504 (b)(1)(ii)
Rule 504 (b)(1)(iii)
X Rule 506(b)
Rule 506(c)
Securities Act Section 4(a)(5)
Investment Company Act Section 3(c)
Section 3(c)(1) Section 3(c)(9)
Section 3(c)(2) Section 3(c)(10)
Section 3(c)(3) Section 3(c)(11)
Section 3(c)(4) Section 3(c)(12)
Section 3(c)(5) Section 3(c)(13)
Section 3(c)(6) Section 3(c)(14)
Section 3(c)(7)

7. Type of Filing

X New Notice Date of First Sale 2025-08-08 First Sale Yet to Occur
Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity Pooled Investment Fund Interests
Debt Tenant-in-Common Securities
X Option, Warrant or Other Right to Acquire Another Security Mineral Property Securities
X Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient
Recipient CRD Number None
GP Nurmenkari Inc. 000153480
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
22 Elizabeth Street
City State/Province/Country ZIP/Postal Code
Norwalk CONNECTICUT 06854
State(s) of Solicitation (select all that apply)
Check "All States" or check individual States
All States
Foreign/non-US
NEW YORK

Recipient
Recipient CRD Number None
Palladium Capital Group, LLC 000129400
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
152 West 57th Street
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10019
State(s) of Solicitation (select all that apply)
Check "All States" or check individual States
All States
Foreign/non-US
NEW YORK

13. Offering and Sales Amounts

Total Offering Amount $7,000,000 USD
or Indefinite
Total Amount Sold $7,000,000 USD
Total Remaining to be Sold $0 USD
or Indefinite

Clarification of Response (if Necessary):

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
10

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $560,000 USD
Estimate
Finders' Fees $0 USD
Estimate

Clarification of Response (if Necessary):

Issuer issued to placement agents (or their designees) warrants to purchase up to 140,000 shares at an exercise price of $8.00 (subject to price-based adjustment) under Section 4(a)(2)

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
AYRO, Inc. /s/ Joshua Silverman Joshua Silverman Chief Executive Officer 2025-08-19

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.


FAQ

What exemption did AYRO (AYRO) rely on for this offering?

The filing states the offering was made under Rule 506(b) of Regulation D.

How much did AYRO raise in the offering?

The Form D reports a total offering amount of $7,000,000 and total amount sold as $7,000,000.

How many investors participated in AYRO's offering?

The filing reports that 10 investors have invested in the offering to date.

Were there placement agents or brokers involved in the AYRO offering?

Yes; placement agents are named (including GP Nurmenkari Inc. and Palladium Capital Group, LLC) and sales commissions are reported as $560,000 (estimate).

Did AYRO issue any warrants or options related to the offering?

Yes; the issuer issued warrants to purchase up to 140,000 shares at an $8.00 exercise price (subject to price-based adjustment).

Was the offering connected to a business combination transaction?

No; the Form D indicates the offering is not being made in connection with a business combination transaction.
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