Key Highlights

● Autozi announced a reverse takeover letter of intent on August 7, 2026.

● The company said it received US$30 million from multiple investors on August 19, 2026.

● The counterparty is valued at roughly US$300 million, with completion targeted before 2026 ends.

● Fiscal 2025 revenue was US$122.8 million, with a loss of US$16.5 million.

Autozi Internet Technology (Global) Ltd (NASDAQ:AZI) is in focus because of two announcements within two weeks in August 2026: a letter of intent for a proposed reverse takeover and the receipt of US$30 million from investors. Together they could reshape a small, China-based automotive services business, though the company itself stresses that nothing is guaranteed.

Autozi, founded in 2010, describes itself as an automotive service and technology platform in China. It sells car products and services through online and offline channels nationwide, and offers a supply chain cloud platform and software-as-a-service tools linking participants in the industry. Its Class A ordinary shares trade on Nasdaq.

The US$30 million investment

On August 19, 2026 the company said it had received an aggregate US$30 million from multiple investors.

Autozi said it plans to use the money to integrate automotive supply chain resources, including possible acquisitions, strategic investments and partnerships; to develop a cross-border supply chain platform; to invest in its cloud platform, software, data analytics and automation; to expand lifecycle automotive services; and to strengthen working capital.

Founder, Chairman and Chief Executive Houqi Zhang called the receipt an important milestone and said the objective is to turn the extra capital into stronger operating capabilities.

The reverse takeover letter of intent

On August 7, 2026 Autozi announced a letter of intent for a proposed reverse takeover with an unnamed privately held operating company. The counterparty was valued at roughly US$300 million and the combined company at roughly US$320 million.

Completion depends on due diligence, definitive documents, financing arrangements, board, shareholder and regulatory approvals and customary conditions. The parties are targeting completion before the end of 2026, and the company warned there is no assurance the transaction will close. Mr. Zhang said Autozi is committed to creating long-term shareholder value through strategic initiatives.

Listing and financial backdrop

The listing has needed attention. In a filing dated January 14, 2026, Autozi said Nasdaq had confirmed it had regained compliance with the minimum market value of listed securities requirement under Listing Rule 5450(b)(2)(A), and that a planned hearing on January 22, 2026 was cancelled. A further Nasdaq notice on the same subject followed in March 2026, and a ten-for-one share consolidation was approved on February 27, 2026.

Fiscal 2025 figures show revenue of US$122.8 million and a loss of US$16.5 million. The company reported its first-half fiscal 2026 results on May 29, 2026.

Risks and what to watch

The risks are considerable. The company is small by market value, has reported losses, and has faced repeated listing notices. The counterparty is unidentified, and financing is among the conditions for completion. Any share issuance linked to the new money or the transaction could change ownership.

Deal Terms Are the Next Unknown

Autozi heads into the final quarter of 2026 with two open items: a reverse takeover letter of intent that values the counterparty at roughly US$300 million and the combined company at roughly US$320 million, and US$30 million of fresh capital from multiple investors. The parties are targeting completion before the end of 2026, and completion depends on due diligence, definitive documents, financing arrangements and a series of approvals.

The next disclosures to follow are a definitive agreement naming the counterparty, details of the US$30 million investment in a regulatory filing, and further Nasdaq correspondence. Until then, the binding status of the letter, the identity of the counterparty and any share issuance linked to the new money or the transaction remain open questions for existing holders.