EVTV quadrupled on Monday after signing a letter of intent to merge with Azio AI. The deal sets a reference price of $3 per share. Azio also secured a $107m government contract in Southeast Asia which shifts the business focus from EVs to AI infrastructure. The stock broke above its 50, 100, and 200-day moving averages on the news. Note that this is a micro-cap with no analyst coverage so it remains speculative.