Alpine 4 Technologies stock soars as its board votes to uplist to NASDAQ, and firm adds to its drone holdings with Vayu US

Alpine 4 Technologies Ltd (OTCQB:ALPP) owner of leading small market businesses, announced that its board of directors has voted to up list to the tech-laden NASDAQ, even as the fast-growing company announced its second seminal acquisition in the high-potential unmanned aerial vehicle (UAV) space. Investors responded well, sending Alpine 4 shares nearly 42.5% higher to $4.42 on the OTC Markets. The Phoenix, Arizona-based group said on Monday that it added to its exciting commercial drone holdings with its acquisition of Vayu US Inc, which builds high-performance vertical take-off and landing (VTOL) hybrid propulsion-based, autonomous aircraft. Vayu's customers and partners range from public and private entities in Australia, Canada and sub-Saharan Africa in a variety of sectors – from critical medical supply transport to infrastructure inspection.   READ: Alpine 4 Technologies announces creation of two drone subsidiaries to reside in its A4 Technology portfolio In a statement, Kent B. Wilson, Alpine 4 Technologies CEO, commented: "It has become clear to me that this is Alpine 4's moment. We have the opportunity to effectuate a new phase in our public ownership by uplisting to the NASDAQ. The significance of this change will bring important benefits to our current and future shareholders, as well as, our employees.   "Timing is everything and there is a collective energy propelling Alpine 4 forward and we intend to capture that zeitgeist. It's important that we take advantage of this opportunity quickly so that we can attract the right banking and capital market investors to Alpine 4. These windows of opportunity can be fleeting and hence we are acting resolutely and expeditiously." Wilson added: "When I became the Alpine 4 CEO on June 1st, 2014, I had a vision and business plan to build out a new form of American company. A company that was highly diversified, had defensible businesses that could stand the test of time, and would resonate with shareholder's desire to own a piece of the 'American dream'. Over the past 6.5 years, Alpine 4 has 'bootstrapped' itself into a company generating roughly $34 million in annualized revenue and has built a foundation to grow into billions of dollars annually."  He continued: "The reasoning behind moving to the NASDAQ is wide and varied. However, the most important reason is to drive shareholder value. We have begun to garner international attention and we are grateful to those outside of the US who choose to participate in our American dream. To continue driving shareholder value and subsequently grow our market capitalization, we need to advance our business model of DSF (Drivers, Stabilizer, Facilitators). Therefore, it is my firm belief that our already successful business model of DSF will flourish even more when Alpine 4 is listed on a national exchange like the NASDAQ."   Over the next few weeks, the company will begin submitting the appropriate filings with the SEC and FINRA, for the NASDAQ uplisting. teh group expects that the move will take roughly 45 days and should finalize around "the end of January to the beginning of February."  In the meantime, Vayu represents Alpine 4's second recent acquisition in the fast-growing UAV space and will serve as a vital addition to the platform capabilities of Impossible Aerospace. The transaction will be completed in a reverse triangular merger with a newly formed subsidiary of Alpine 4. On meeting the final closing conditions, Vayu will be a wholly owned subsidiary of Alpine 4. The group expects to have the closing conditions met by January 10, 2021. Daniel Pepper, the current CEO of Vayu, will continue in his role as CEO. "I cannot say enough about Vayu and why I absolutely love this company. Their mission is resolute and purposeful," said Wilson. "Their X5, G1 and G2 aircraft are designed to deliver lifesaving medicine and technology to people within inaccessible areas of developing countries, as well as hard-to-reach and vulnerable communities in the US. The mission-driven purpose of it alone is even more significant than its dollar value. When you look at the evolving landscape of the commercial UAV industry, you see an abundance of opportunities for Vayu's family of VTOL aircraft. Its seven years of expertise combines not only core technologies advantages but also invaluable market insights." Wilson added that Vayu's platforms complements the multicopters from Impossible Aerospace. "Both Vayu and Impossible Aerospace have unique qualities that make their respective platforms advantageous and complementary, depending on the requirements of the end-user. Combining these two companies into the Alpine 4 portfolio of subsidiaries gives us a wider and larger scope of commercial clients and positions the company to capture a large market share of the commercial drone industry," added Wilson. Daniel Pepper, CEO of Vayu described the sale as the beginning of "a new chapter in Vayu's story." "Whether it is for maritime surveillance, forest fire monitoring, linear asset inspection, or the primary and core use case of medical delivery, Vayu's opportunity set is wide, diverse, and growing. In the years to come, Vayu will further expand its offerings to a range of customers, ever expanding its payload and range capabilities, while further investing in its autopilot and avionics expertise to further safety, reliability, and autonomy," added Pepper. Alpine 4 Technologies is a conglomerate that is acquiring businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. It's focus is on how the adaptation of new technologies even in brick and mortar businesses can drive innovation. This unique perspective has culminated in the development of tghe company's Blockchain-enabled Enterprise Business Operating System called SPECTRUMebos. Contact the authors jon.hopkins@proactiveinvestors.com and uttara@proactiveinvestors.com -- Recast with Vayu US deal --