PHOENIX, Nov. 23, 2021 /PRNewswire/ -- Alpine 4
Holdings, Inc. (Nasdaq: ALPP), a leading operator and owner of
small market businesses, today announced that it has entered into
definitive agreements with institutional investors for the purchase
and sale of 8,571,430 shares of the Company's common
stock (the "Shares") and warrants to purchase 4,285,715 shares of
the Company's common stock (the "Warrants", and together with the
Shares, the "Securities") at a combined purchase price of
$2.80 per one Share and accompanying
one-half Warrant pursuant to a registered direct offering.
The Warrants will have an exercise price of $3.10 per share, will be exercisable immediately,
and will expire five years following the issuance date. The closing
of the offering is expected to occur on or about November 26, 2021, subject to the satisfaction of
customary closing conditions.
A.G.P./Alliance Global Partners is acting as sole placement
agent for the offering.
This offering is being made pursuant to an effective shelf
registration statement on Form S-3 (File No. 333-252539) previously
filed with the U.S. Securities and Exchange Commission (the
"SEC"). A prospectus supplement describing the terms of the
proposed offering will be filed with the SEC and will be available
on the SEC's website located at http://www.sec.gov. Electronic
copies of the prospectus supplement may be obtained, when
available, from A.G.P./Alliance Global Partners, 590 Madison
Avenue, 28th Floor, New York, NY
10022, or by telephone at (212) 624-2060, or by email at
prospectus@allianceg.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
For further details of this transaction, please see the Form 8-K
to be filed with the SEC.
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP)
is a NASDAQ traded conglomerate that acquires businesses that fit
into its disruptive DSF business model of Drivers, Stabilizers, and
Facilitators. At Alpine 4, we understand the nature of how
technology and innovation can accentuate a business. Our focus is
on how the adaptation of new technologies, even in brick-and-mortar
businesses, can drive innovation. We also believe that our holdings
should benefit synergistically from each other, have the ability to
collaborate across varying industries, spawn new ideas, and create
fertile ground for competitive advantages.
Four principles at the core of our business are Synergy.
Innovation. Drive. Excellence. At Alpine 4, we believe synergistic
innovation drives excellence. By anchoring these words to our
combined experience and capabilities, we can aggressively pursue
opportunities within and across vertical markets. We deliver
solutions that not only drive industry standards, but also increase
value for our shareholders.
Contact:
Investor Relations
investorrelations@alpine4.com
www.alpine4.com
Forward-Looking Statements: Certain statements and
information in this press release may constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended (the "Securities Act"), Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and the Private Securities Litigation Reform Act of 1995. The
information disclosed in this press release is made as of the date
hereof and reflects Alpine 4 most current assessment of its
historical financial performance. Actual financial results filed
with the SEC may differ from those contained herein due to timing
delays between the date of this release and confirmation of final
audit results. These forward-looking statements are not guarantees
of future performance and are subject to uncertainties and other
factors that could cause actual results to differ materially from
those expressed in the forward-looking statements including,
without limitation, the risks, uncertainties, including the
uncertainties surrounding the current market volatility, and other
factors the Company identifies from time to time in its filings
with the SEC. Although Alpine 4 believes that the assumptions on
which these forward-looking statements are based are reasonable,
any of those assumptions could prove to be inaccurate and, as a
result, the forward-looking statements based on those assumptions
also could be incorrect. You should not place undue reliance on
these forward-looking statements. The forward-looking statements
contained in this release are made as of the date hereof, and
Alpine 4 disclaims any intention or obligation to update the
forward-looking statements for subsequent events.
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SOURCE Alpine 4 Holdings, Inc.