Alpine 4 Technologies Ltd (OTCQB:ALPP) recently announced Tuesday that it has entered the commercial drone market.
In a statement, the company said it has struck a binding merger agreement with Impossible Aerospace Corporation, which builds high-performance electric aircraft and drones.
Alpine 4 said the deal will be completed in a reverse triangular merger transaction and upon meeting the final closing conditions by December 10, Impossible Aerospace will become a wholly owned subsidiary of Alpine 4.
Mature and Highly Developed Drone Ecosystem: The acquisition of IA will allow Alpine 4 to dominate the emerging drone market with market-leading airframe and battery technology that enables real missions over 70 minutes. Multiple Large Market Opportunities: The ancillary markets of EMS Surveillance and Short Haul Delivery that can be supported by IA’s drone technology are large and growing. Patented IP: Granted in the purchase of IA by Alpine 4 is supported by two patents pending and five provisional patents. Vertical Manufacturing: Having the IA manufacturing process within our subsidiary, Quality Circuit Assembly Inc, will greatly enhance hye company’s ability to push production efficiencies to the front line. The time it takes to go from prototype to production will be cut in half. Impossible Aerospace: IA builds high-performance electric aircraft that save lives. Founded in 2016 by Gore, also a former Tesla engineer, IA unveiled its US-1 aircraft in 2018, unique for its long endurance and US origin. The company was formerly backed by Bessemer Venture Partners, Eclipse Venture, and Airbus Ventures.
Gets my vote. I have a small amount of ALPP on T212 but love it on Freetrade to get in my ISA. ALPP has had big gains already with a bit of a pull back recently but I believe it still has potential for plenty of growth based on what I’ve seen from the Infant Investors YouTube channel (he’s recently rebranded to PreeMarket).
Hello, would love to see this added, friends using T212 have already seen large investment gains and feel like I’m missing out by being committed to the freetrade platform.
Still OTC for the moment so FT can’t add it as DriveWealth can’t yet support OTC
BUT when it moves to a full Nasdaq listing (end Jan/Feb) you’ll be good to go… this has been a consistent request…so is popular…so surely will be added when it can be…
Also would love to see this onto Freetrade soon, I have missed so many great opportunities by the delay of getting a stock onboard already, also would be great to see it all around and not put into Plus! As I have missed so many also from them being on Plus now instead of open too.
If FT wants to be a leader in the market it needs to add all of those hype stocks. ALPP wants to move to NYSE as far as I remember but it will take a time…time when you can earn a lot of money.
Alpine 4 Holdings Inc., a technology holding company, provides electronic contract manufacturing solutions in the United States. The company also offers automotive technologies, including 6th Sense Auto, a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry to enhance productivity, profitability, and customer retention; and BrakeActive, a safety device that enhances vehicle’s third brake light’s ability to reduce or prevent a rear end collision. In addition, it provides fabricated metal parts, assemblies, and sub-assemblies to original equipment manufacturers; and designs, fabricates, and installs dust collectors, commercial ductwork, kitchen hoods, industrial ventilation systems, machine guards, architectural work, water furnaces, and others, as well as specialized spiral duct work. The company was formerly known as Alpine 4 Technologies, Ltd. and changed its name to Alpine 4 Holdings Inc. in March 2021. Alpine 4 Holdings Inc. was founded in 2014 and is based in Phoenix, Arizona.
