Alpine 4 Technologies, Ltd., (OTCQB: ALPP) finished the Monday session up 41.94% at $4.400. The stock went up to $4.79 at the same session, while its lowest single-day price was $349. Alpine 4 shares have gained by almost 929.72% over a month in contrast with a weekly performance of 70.54%.
Get the hottest stocks to trade every day before the market opens 100% free. Click here now.
As the company, which runs some of the leading small market businesses in the country, announced on December 28, 2020,that it had signed a binding Letter of Intent with Vayu Inc. Vayu manufactures high-performance vertical takeoff and landing (VTOL) hybrid propulsion-powered, autonomous aircraft.
When it comes to discovering hidden gems within the stock market, Stock Wire News has consistently provided invaluable insights. Stock Wire News invites you to explore their upcoming Wealth Building Report. This report will shine a spotlight on little-known companies with the potential for substantial growth in 2024, and it's completely FREE for a limited time.
Claim the free report now by clicking here and start discovering the hidden gems of the market
Sponsored
Read More
Their customers range from national governments to private companies in Australia, Canada, and sub-Saharan Africa across various sectors. Vayu will serve as a vital addition to Impossible Aerospace’s platform capabilities and represents Alpine 4’s second recent acquisition in the fast-growing UAV space.
The Vayu shareholders mostly include leading venture capital gurus and angel investors like Tesla Motors co-founders Marc Tarpenning and Martin Eberhard and NASA astronaut Esther Dyson and public health experts.
Get the hottest stocks to trade every day before the market opens 100% free. Click here now.
Likewise, the transaction between Impossible Aerospace and Alpine 4 will conclude in a reverse triangular merger. Once Vayu meets the closing conditions, it will become a wholly-owned subsidiary of Alpine 4. Alpine 4 and Vayu expect the closing to be completed by January 10, 2021. Daniel Pepper, the current Vayu CEO, will keep his position.