Form D Raw Data - Electronic Filing Depository

EFDID: 356946EFD: Raw Data

Issuer: AYRO, Inc. (0001086745) - D

Accession: 0001493152-20-023064 () (EDGAR Files) (Form D)

Edgar Posted: Dec. 7, 2020
EFD Posted: Dec. 7, 2020

- < edgarSubmission >

< schemaVersion > X0708 </ schemaVersion >

< submissionType > D </ submissionType >

< testOrLive > LIVE </ testOrLive >

- < primaryIssuer >

< cik > 0001086745 </ cik >

< entityName > AYRO, Inc. </ entityName >

- < issuerAddress >

< street1 > 900 E. OLD SETTLERS BOULEVARD </ street1 >

< city > ROUND ROCK </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ issuerAddress >

< issuerPhoneNumber > 512-994-4917 </ issuerPhoneNumber >

< jurisdictionOfInc > DELAWARE </ jurisdictionOfInc >

- < issuerPreviousNameList >

< value > None </ value >

</ issuerPreviousNameList >

- < edgarPreviousNameList >

< previousName > DropCar, Inc. </ previousName >

< previousName > WPCS INTERNATIONAL INC </ previousName >

< previousName > PHOENIX STAR VENTURES INC </ previousName >

</ edgarPreviousNameList >

< entityType > Corporation </ entityType >

- < yearOfInc >

< overFiveYears > true </ overFiveYears >

</ yearOfInc >

</ primaryIssuer >

- < relatedPersonsList >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Curtis </ firstName >

< lastName > Smith </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Financial Officer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Keller </ firstName >

< middleName > C. </ middleName >

< lastName > Rodney </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Executive Officer and President </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > George </ firstName >

< lastName > Devlin </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Mark </ firstName >

< lastName > Adams </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Joshua </ firstName >

< lastName > Silverman </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Sebastian </ firstName >

< lastName > Giordano </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Zvi </ firstName >

< lastName > Joseph </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Greg </ firstName >

< lastName > Schiffman </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Director </ relationship >

</ relatedPersonRelationshipList >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Brian </ firstName >

< lastName > Groh </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief of Business Development </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Richard </ firstName >

< lastName > Perley </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Marketing Officer </ relationshipClarification >

</ relatedPersonInfo >

- < relatedPersonInfo >

- < relatedPersonName >

< firstName > Richard </ firstName >

< lastName > Perley </ lastName >

</ relatedPersonName >

- < relatedPersonAddress >

< street1 > 900 E. Old Settlers Boulevard </ street1 >

< street2 > Suite 100 </ street2 >

< city > Round Rock </ city >

< stateOrCountry > TX </ stateOrCountry >

< stateOrCountryDescription > TEXAS </ stateOrCountryDescription >

< zipCode > 78664 </ zipCode >

</ relatedPersonAddress >

- < relatedPersonRelationshipList >

< relationship > Executive Officer </ relationship >

</ relatedPersonRelationshipList >

< relationshipClarification > Chief Marketing Officer </ relationshipClarification >

</ relatedPersonInfo >

</ relatedPersonsList >

- < offeringData >

- < industryGroup >

< industryGroupType > Other </ industryGroupType >

</ industryGroup >

- < issuerSize >

< revenueRange > Decline to Disclose </ revenueRange >

</ issuerSize >

- < federalExemptionsExclusions >

< item > 06b </ item >

</ federalExemptionsExclusions >

- < typeOfFiling >

- < newOrAmendment >

< isAmendment > false </ isAmendment >

</ newOrAmendment >

- < dateOfFirstSale >

< value > 2020-11-22 </ value >

</ dateOfFirstSale >

</ typeOfFiling >

- < durationOfOffering >

< moreThanOneYear > true </ moreThanOneYear >

</ durationOfOffering >

- < typesOfSecuritiesOffered >

< isOptionToAcquireType > true </ isOptionToAcquireType >

< isSecurityToBeAcquiredType > true </ isSecurityToBeAcquiredType >

</ typesOfSecuritiesOffered >

- < businessCombinationTransaction >

< isBusinessCombinationTransaction > false </ isBusinessCombinationTransaction >

</ businessCombinationTransaction >

< minimumInvestmentAccepted > 0 </ minimumInvestmentAccepted >

- < salesCompensationList >

- < recipient >

< recipientName > Palladium Capital Group, LLC </ recipientName >

< recipientCRDNumber > 129400 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 333 TAMIAMI TRAIL </ street1 >

< street2 > SUITE 291 </ street2 >

< city > VENICE </ city >

< stateOrCountry > FL </ stateOrCountry >

< stateOrCountryDescription > FLORIDA </ stateOrCountryDescription >

< zipCode > 34285 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > CT </ state >

< description > CONNECTICUT </ description >

< state > NY </ state >

< description > NEW YORK </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

- < recipient >

< recipientName > Spartan Capital Securities, LLC </ recipientName >

< recipientCRDNumber > 146251 </ recipientCRDNumber >

< associatedBDName > None </ associatedBDName >

< associatedBDCRDNumber > None </ associatedBDCRDNumber >

- < recipientAddress >

< street1 > 45 BROADWAY, 19TH FLOOR </ street1 >

< street2 > SUITE 291 </ street2 >

< city > NEW YORK </ city >

< stateOrCountry > NY </ stateOrCountry >

< stateOrCountryDescription > NEW YORK </ stateOrCountryDescription >

< zipCode > 10006 </ zipCode >

</ recipientAddress >

- < statesOfSolicitationList >

< state > GA </ state >

< description > GEORGIA </ description >

</ statesOfSolicitationList >

< foreignSolicitation > false </ foreignSolicitation >

</ recipient >

</ salesCompensationList >

- < offeringSalesAmounts >

< totalOfferingAmount > 18131116 </ totalOfferingAmount >

< totalAmountSold > 0 </ totalAmountSold >

< totalRemaining > 18131116 </ totalRemaining >

< clarificationOfResponse > Represents (i) investor warrants to purchase up to 2,062,708 shares of common stock and (ii) placement agent warrants to purchase up to 113,723 shares of common stock. </ clarificationOfResponse >

</ offeringSalesAmounts >

- < investors >

< hasNonAccreditedInvestors > false </ hasNonAccreditedInvestors >

< totalNumberAlreadyInvested > 7 </ totalNumberAlreadyInvested >

</ investors >

- < salesCommissionsFindersFees >

- < salesCommissions >

< dollarAmount > 775000 </ dollarAmount >

</ salesCommissions >

- < findersFees >

< dollarAmount > 0 </ dollarAmount >

</ findersFees >

< clarificationOfResponse > Consists of (i) $400,000 to Palladium and (ii) $375,000 to Spartan, paid in connection with the private placement & public offering. Placement agents also received warrants to purchase an aggregate of 113,723 common shares. </ clarificationOfResponse >

</ salesCommissionsFindersFees >

- < useOfProceeds >

- < grossProceedsUsed >

< dollarAmount > 0 </ dollarAmount >

</ grossProceedsUsed >

< clarificationOfResponse />

</ useOfProceeds >

- < signatureBlock >

< authorizedRepresentative > false </ authorizedRepresentative >

- < signature >

< issuerName > AYRO, Inc. </ issuerName >

< signatureName > /s/ Curtis Smith </ signatureName >

< nameOfSigner > Curtis Smith </ nameOfSigner >

< signatureTitle > Chief Financial Officer </ signatureTitle >

< signatureDate > 2020-12-07 </ signatureDate >

</ signature >

</ signatureBlock >

</ offeringData >

</ edgarSubmission >