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Author Message   Siloan Kurra Bewarse Username: Siloan Post Number: 1940 Registered: 09-2008 Rating: N/A Votes: 0 Posted on Monday, December 28, 2020 - 9:50 am:    DJIA: 30,409.70 +209.83 (0.69%) | NASDAQ: 12,884.051 +79.317 (0.62%) | S&P 500: 3,729.05 +25.99 (0.70%) —Markets close in 6 hrs 9 mins Print Format Change Text Size: Default text sizeA Larger text sizeA Largest text sizeA Alpine 4 Technologies, Ltd. (ALPP) Adds to its Commercial Drone Holdings With its Acquisition of Vayu US, Inc. BY PR Newswire — 8:44 AM ET 12/28/2020 PHOENIX, Dec. 28, 2020 /PRNewswire/ -- Alpine 4 Technologies, Ltd., owner of leading small market businesses, announced today that it has entered into a binding LOI with Vayu U.S., Inc (Vayu). Vayu builds high-performance vertical take-off and landing (VTOL) hybrid propulsion-based, autonomous aircraft. Its 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. Vayu represents Alpine 4's ( ALPP Loading... Loading... ) second recent acquisition in the fast-growing UAV space and will serve as a vital addition to the platform capabilities of Impossible Aerospace. The shareholders of Vayu are primarily leading venture capitalists and angel investors, including Tesla Motors founder's Martin Eberhard and Marc Tarpenning and Cosmonaut Esther Dyson, as well as public health experts. Like Impossible Aerospace, the transaction will be completed in a reverse triangular merger with a newly formed subsidiary of Alpine 4 ( ALPP Loading... Loading... ). Upon meeting the final closing conditions, Vayu will be a wholly owned subsidiary of Alpine 4. Vayu and Alpine 4 ( ALPP Loading... Loading... ) expect to have the closing conditions met by January 10th, 2021. Daniel Pepper, the current CEO of Vayu, will continue on in his role as CEO.