Let us look at $VEEE, up 24.70% after hours. A $3M market cap company built on small powerboat construction announces it is merging to pivot into critical minerals exploration in Greenland. Boats to Arctic mining is certainly a creative pivot.
Historically, catalyst-driven gap-ups of this size close red 62% of the time across 4,898 instances. The base rate says the pivot narrative is almost always a liquidity event for insiders, not a business plan. Speculate if you must, but do not confuse a boat builder's Greenland dream with an investment.