ALPINE 4 HOLDINGS INC A - ALPP STOCK NEWS

Alpine 4 Holdings, Inc. announced the implementation of a reverse stock split and common stock adjustment. The reverse split will be in a range of 1-for-1.5 to 1-for-10 shares, resulting in a reduction of outstanding Class A common stock from approximately 180,037,350 shares to approximately 22,504,669 shares. The company expects the reverse split to increase the market price per share and bring it into compliance with Nasdaq's minimum bid price requirement.

Alpine 4 Holdings, Inc. subsidiary Quality Circuit Assembly, Inc. achieves record growth in Q1 2023 with $4.7 million in new work. They also added a new Juki Pick and Place Line worth $780K to support the growing demand. The company's investment in their upgraded manufacturing facility reinforces their commitment to QCA's future growth.

Alpine 4 Holdings received a notice from Nasdaq on April 18, 2023, due to delays in filing its 2022 Annual Report on Form 10-K with the SEC. This situation places the company in violation of Nasdaq Listing Rule 5250(c)(1), which mandates timely submission of periodic reports. The previous exception granted until May 22, 2023, for the initial delinquent Form 10-Q has now limited any further extensions for compliance to a maximum of 180 days from the due date of the Initial Delinquent Filing. Although the April Notice does not immediately impact the trading of ALPP on Nasdaq, it requires the company to submit a compliance update plan. There are risks associated with this process, including potential failure to meet filing deadlines, which could lead to possible delisting.

Alpine 4 Holdings (NASDAQ:ALPP) announced that its subsidiaries, RCA Commercial and Elecjet, have entered into Material Transfer Agreements (MTA) with US-based OEMs across sectors including the RV industry, Electric Tractors, and Energy Storage Systems. The company anticipates that these agreements will lead to long-term contracts for its AX Class of batteries, targeting a market opportunity exceeding $10 billion. CEO Kent Wilson highlighted the AX-03 Class of Solid-State Batteries, boasting an energy density of 360wh/kg, as a competitive alternative to traditional Li-Ion cells. The anticipated increase in energy density for the AX-01 Class positions the company well ahead of schedule for commercialization. The collaboration demonstrates Alpine 4's focus on innovation and growth potential within the solid-state battery market.

Alpine 4 Holdings (Nasdaq: ALPP) has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement under Listing Rule 5550(a)(2). The company must achieve a bid price of at least $1.00 per share for ten consecutive business days by May 29, 2023. Initially notified on June 2, 2022, of non-compliance, the company had until November 29, 2022, to meet the requirement. If compliance is not achieved, the company may face delisting, but it can appeal any such determination.

Alpine 4 Holdings (Nasdaq:ALPP) announced on November 22, 2022, it received a staff determination notice from Nasdaq for non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Form 10-Q for the quarter ending September 30, 2022. The company has 60 days to submit a plan to regain compliance, which includes filing the overdue Quarterly Report. Alpine 4 aims to provide Nasdaq with necessary information and anticipate the completion of required filings.

Alpine 4 Holdings, Inc. (Nasdaq:ALPP) announced a significant partnership between its subsidiary, Vayu Aerospace Corporation, and All American Contracting, Inc. Under this Supplier Agreement, Vayu will supply 225 G1 UAVs and 250 KnuckleBuster tactical drones for counter-terrorism operations in Africa, valued at over $25M annually. Vayu will also provide training and support. The contract highlights Vayu's credentials in aerospace and government sectors, backed by its sister company, Quality Circuit Assembly, known for stringent military standards.