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PHOENIX, AZ / ACCESSWIRE / February 12, 2021 / Alpine 4 Technologies Ltd. (“Alpine 4” or the “Company”) (OTCQB: ALPP), a leading operator and owner of small businesses, today announced its entry into definitive agreements with … Alpine 4 Technologies, Ltd.
PHOENIX, AZ / ACCESSWIRE / February 12, 2021 / Alpine 4 Technologies Ltd. (“Alpine 4” or the “Company”) (OTCQB: ALPP), a leading operator and owner of small businesses in the market, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 8,333,333 Class A common shares at a purchase price of $ 6.00 per share in a registered direct offer for gross proceeds of approximately $ 50 million before deduction of fees and expenses. placement agent (collectively, the “Offer”).
The Company intends to use the net proceeds of the Offering to further accelerate the Company’s business plan, to repay some of its outstanding debts and to fund any additional working capital requirements.
The Offer is expected to close on or around February 17, 2021, subject to the satisfaction of customary closing conditions.
AGP / Alliance Global Partners is acting as sole placement agent for the Offer.
The Class A common shares offered under the Offer are sold in accordance with a store registration statement on Form S-3 (File No. 333-252539), previously filed with the Securities and Exchange Commission ( the “SEC”). and declared effective February 10, 2021. These securities are only offered by means of a prospectus, including a prospectus supplement, which forms part of the registration statement in effect. A prospectus supplement outlining the terms of the proposed offer will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from AGP / Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by e-mail to prospectus @ allianceg.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities hereunder, and there will be no sale of such securities in any jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification. under the securities laws of such jurisdiction.
For more details on this transaction, please see Form 8-K to be filed with the SEC.
About Alpine 4 Technologies Ltd.: About Alpine 4 Technologies Ltd. (ALPP) is a publicly traded conglomerate that acquires companies that fit into its disruptive DSF business model of drivers, stabilizers and enablers. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. We focus on how adapting new technologies, even in traditional businesses, can drive innovation. We also believe that our holdings should synergistically benefit each other, have the ability to collaborate across various industries, generate new ideas and create fertile ground for competitive advantages.
Four principles at the heart of our company are synergy. Innovation. Drive. Excellency. At Alpine 4, we believe that synergistic innovation is the engine of excellence. By anchoring these words into our combined experience and capabilities, we can aggressively seek opportunities within and between verticals. We deliver solutions that not only drive industry standards, but also increase shareholder value.
Contact:
Investor Relations
investor relations@alpine4.com
www.alpine4.com
Forward-looking statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4’s most recent assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained in this document due to delays between the date of this release and the confirmation of the 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 , risks, uncertainties, including uncertainties surrounding current market volatility and other factors that 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 these assumptions could prove to be incorrect and, therefore, forward-looking statements based on these assumptions could also be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this press 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.
THE SOURCE: Alpine 4 Technologies, Ltd.
See the source version on accesswire.com:
https://www.accesswire.com/629464/Alpine-4-Technologies-Ltd-Prices-50-Million-Registered-Direct-Offering
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