A Phoenix-based company announced that it has entered into a binding LOI with Vayu (U.S.) Inc. Vayu builds high performance vertical takeoff and landing (VTOL) hybrid propulsion-based, autonomous aircraft. This was a fitting acquisition for Alpine 4 Technologies, Ltd. (OTCQB:ALPP) as it added to its commercial drone holdings.
Alpine 4 Technologies Ltd is a publicly traded enterprise with business related endeavors in Automotive Technologies, Electronics Manufacturing, Engineering and Software development, and Energy Services.
This announcement moved the premarket bid up to $3.35/share (+8% from Thursday’s close), indicating a potential pop at the open. This stock has been on an absolute tear, coming from a November low of just $0.04/share all the way to close at $3.10 on Thursday. That is +7,650% from the low last month to the high this month, and it doesn’t show any signs of slowing down as the shares are bid up for the open.
