New York, Jan 13, 2026, 03:54 (EST) — Market closed.
- Envirotech Vehicles shares surged 442% by Monday’s close and climbed even further in after-hours trading.
- AZIO AI flagged a $107 million binding GPU order and indicated potential for an additional $200 million in regional programs.
- Investors are eyeing the cash timing for the order and the newly set shareholder meeting on Jan. 20.
Shares of Envirotech Vehicles Inc jumped 442% Monday, closing at $2.51 after fluctuating between $1.01 and $2.62 amid a volume spike to roughly 761 million shares. The stock traded again in after-hours, hitting $3.16, close to a $3 reference price linked to a proposed transaction. 1
This matters because EVTV is a microcap stock, and the headline driving its trade had nothing to do with vans or buses. Instead, it focused on AI infrastructure and a purported government order that, if it turns into actual revenue, would be significant compared to the company’s market capitalization.
This comes right ahead of Tuesday’s session, with the stock already factoring in plenty: after-hours trading lifted EVTV past the $3 benchmark that’s been key to the merger framework investors have eyed.
AZIO AI announced it secured a binding purchase order for 256 Nvidia B300 GPUs — key chips for running and training AI models — totaling around $107 million in contractual revenue. The company expects to receive a 30% deposit within the next few weeks. It also highlighted government-led initiatives across Southeast Asia, which could generate up to $200 million in additional revenue, pending contract finalization. “Delivering approximately $100 million in contractual revenue … demonstrates our ability to deploy secure, mission-critical AI infrastructure at scale,” said Chris Young, AZIO AI’s co-chief executive, in the statement. 2
Envirotech revealed last week it signed an amended and restated non-binding letter of intent to acquire AZIO AI through a stock merger. The deal implies a $480 million enterprise value for AZIO AI, using a $3.00 reference price per EVTV share. This figure will be confirmed by an independent third-party valuation and is contingent on other closing conditions. EVTV Chief Operating Officer Elgin Tracy described the LOI as “a disciplined and deliberate approach” to the company’s “strategic evolution.” 3
On Monday around midday, Nasdaq’s market activity page had EVTV climbing over 200%, ahead of the stock’s late-session rally and further gains after hours. 4
On Tuesday, the tape is just as crucial as the deal itself. Traders will focus on whether EVTV can maintain its gains once premarket trading starts, and if the company provides any updates on when — or how — the proposed AZIO AI transaction will advance from framework to a signed agreement.
EVTV’s annual shareholder meeting, postponed due to a lack of quorum, is now set for Jan. 20 at 9:00 a.m. Pacific Time. The company has called on shareholders of record to cast their votes by Jan. 19 at 11:59 p.m. Eastern Time. 5
Several risks remain. The AZIO AI purchase order might not convert quickly to cash, the wider pipeline depends on conditions, and the EVTV-AZIO agreement is still non-binding—so price, terms, and timing could change, or the deal might collapse altogether.
