13D Filings
AYRO, Inc.
SBLX
Amendment
Ownership

8.30%

Total Shares

440,000

Issuer CIK

1086745

CUSIP

054748207

Event Date

Jun 2, 2024

Accepted

Jun 10, 2024, 04:08 PM

Reporting Persons (1)
NameType% of ClassAggregateSole VotingShared Voting
Rea Natale
Individual
8.30%440,000440,0000
Disclosure Items (7)

Security Title

Common Stock, par value $0.0001 per share

Issuer Name

AYRO, Inc.

Issuer Address

900 E. OLD SETTLERS BOULEVARD, SUITE 100, ROUND ROCK, TX, 78664

Filing Persons

Natale Rea

Business Address

2000 16th Sideroad, King City, Ontario L7B 1A3 Canada

Principal Occupation

Mr. Rea is self-employed. His principal business address is 2000 16th Sideroad, King City, Ontario L7B 1A3 Canada.

Convictions

During the last five years, Mr. Rea has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Citizenship

Mr. Rea is a Canadian citizen.

Mr. Rea acquired the Issuer's shares in open market transactions using personal funds.

Mr. Rea has acquired the Issuer's shares for investment purposes. In pursuing such investment purposes, Mr. Rea purchased the shares based on his belief that the shares represented an attractive investment opportunity, and Mr. Rea may further purchase, hold, vote, trade, sell or otherwise deal in the shares at the time, and in such manner, as he deems advisable to benefit from, among other things, changes in market prices of the shares, the market prices of such shares relative to the value of the Issuer's assets, changes in Mr. Rea's investment strategy, and changes in the Issuer's business strategy. Mr. Rea intends to review his investment in the Issuer's shares on a continuing basis and may also propose to take one or more of the actions described in subsection (a) through (j) of Item 4 of Schedule 13D, including engaging in discussions with management, the Board of Directors, and shareholders concerning, among other things, the acquisition of additional shares of the Issuer or the disposition of the shares of the Issuer, extraordinary corporate transactions, such as a merger, reorganization or sale of the Issuer's assets, a change in the board of directors or management of the Issuer, a material change in the capitalization policy of the Issuer, and other material changes in the Issuer's business or corporate structure.

Percentage of Class

As of the date hereof, Mr. Rea is the beneficial owner of 440,000 Issuer shares, which represent 8.3% of the Issuer's outstanding shares. The aggregate percentage of shares reported by Mr. Rea herein is based on 5,300,220 shares outstanding as of May 14, 2024 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 15, 2024.

Number of Shares

Mr. Rea has the sole power to vote and dispose of 440,000 Issuer shares.

Transactions

Transactions in the Issuer's shares by Mr. Rea during the past 60 days are as set forth in Exhibit A attached hereto.

Shareholders

Not applicable

Date of 5% Ownership

Not applicable

Not applicable

Not applicable