Overview
- The binding purchase order covers 256 Nvidia B300 data-center GPUs for a Southeast Asian government project, with a 30% deposit expected in the coming weeks.
- AZIO highlighted additional government-led initiatives across the region representing up to $200 million in potential revenue, subject to contract finalization.
- An amended letter of intent frames Envirotech’s acquisition of AZIO using a $3.00 EVTV share reference price, implying about a $480 million valuation for AZIO and requiring definitive documentation.
- Envirotech shares climbed 442% to close at $2.51, reached $3.16 after hours, and logged 761 million shares traded on the session.
- AZIO cited prior delivery of eight Nvidia B200 GPUs totaling roughly $2.8 million in recognized revenue, while noting deposits, pipeline contracts, and merger terms have yet to be finalized.