Envirotech Vehicles, Inc. (EVTV) shares went parabolic on Monday, and the reason has nothing to do with electric vehicles. The company's stock rocketed over 200% after AZIO AI, which Envirotech plans to acquire, announced it landed a $107 million contract that's actually getting funded.

The GPU Deal That Changed Everything

AZIO AI, working alongside Azio Corp., secured a binding purchase order for 256 Nvidia B300 GPUs. This isn't just talk—it's a concrete step toward completing a significant government contract in Southeast Asia. The order demonstrates AZIO AI's capability to execute large-scale public sector projects, and there's a 30% deposit expected to hit within the next few weeks. Real money, real soon.

The Merger Blueprint

Earlier this month, Envirotech Vehicles signed an amended and restated letter of intent with AZIO AI. Under the proposed deal, EVTV would acquire 100% of AZIO AI's outstanding equity through a merger. The framework values AZIO AI at $480 million, using a reference price of $3.00 per EVTV common share.

AZIO AI noted it's gaining momentum with a new wave of strategic investors, including major players across the AI data center and supply-chain ecosystem, as the proposed merger moves forward.

EVTV Price Action: Envirotech Vehicles shares climbed 227.14% to $1.52 at publication on Monday.