Material Event (Form 8-K)

As reported in the Quarterly Report on Form 10-Q filed by Envirotech Vehicles, Inc., a Delaware corporation (the "Company"), on November 20, 2025, the Company had stockholders' equity of approximately $1,862,000 as of September 30, 2025.

During the fourth quarter of 2025, the aggregate principal amount of $2,850,000 of the then outstanding convertible promissory notes under the Company's Amended and Restated Standby Equity Purchase Agreement, dated October 31, 2024, with YA II PN, Ltd. (the "Investor"), as amended and supplemented by the Supplemental Agreement, dated February 24, 2025 (the "A&R SEPA"), including the accrued interest thereon, was repaid in full through advance notices issued by the Investor under the A&R SEPA. In addition, during the fourth quarter of 2025 and the first quarter of 2026, the Company issued advance notices under the A&R SEPA resulting in gross proceeds to the Company of approximately $3,100,000 and the issuance of 5,431,083 shares of the Company's common stock, par value $0.00001 per share, pursuant to such advance notices. As a result, as of the date of this Current Report on Form 8-K, the Company's stockholders' equity is in excess of the minimum of $2.5 million required for continued listing on the Nasdaq Capital Market pursuant to Listing Rule 5550(b)(1) of The Nasdaq Stock Market LLC (the "Stockholders' Equity Requirement").

There can be no assurance, however, that the Company will be able to maintain compliance with the Stockholders' Equity Requirement in the future.