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Sunday, January 16, 2022

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) and the Quest for Support

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Alpine 4 Technologies Ltd (OTCMKTS:ALPP) just announced an equity purchase agreement with Lincoln Park Capital Fund, LLC (LPC), a Chicago-based institutional investor for up to $10 million over the next 36 months.

According to the release, “Upon entering into the agreement, LPC purchased $250,000 of Alpine 4’s common stock and Alpine 4 will have the option but not the obligation to sell to LPC up to an aggregate of $10 million in shares of common stock over a 36-month period contingent and commencing upon the effectiveness an S1 registration statement and satisfaction of other conditions contained in the agreement.”

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) bills itself as a technology holding company that provides electronic contract manufacturing solutions in the United states.

It also offers automotive technologies, including 6th Sense Auto, a connected car technology that provides various advantages to management, sales, finance, and service departments in the automotive dealership industry to enhance productivity, profitability, and customer retention; and BrakeActive, a safety device that enhances vehicle’s third brake light’s ability to reduce or prevent a rear end collision.

In addition, the company provides fabricated metal parts, assemblies, and sub-assemblies to original equipment manufacturers; and designs, fabricates, and installs dust collectors, commercial ductwork, kitchen hoods, industrial ventilation systems, machine guards, architectural work, water furnaces, and others, as well as specialized spiral duct work.

The company was formerly known as Alpine 4 Automotive Technologies Ltd. and changed its name to Alpine 4 Technologies Ltd. in June 2015. Alpine 4 Technologies Ltd. was founded in 2014 and is based in Phoenix, Arizona.

According to the release, “Alpine 4 Technologies, Ltd (ALPP) is a publicly traded conglomerate that is acquiring 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 and that the ability to have collaboration across varying industries can spawn new ideas and create fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos. 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.”

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As noted above, ALPP just announced an equity purchase agreement with Lincoln Park Capital Fund, LLC (LPC), a Chicago-based institutional investor for up to $10 million over the next 36 months.

While this is a clear factor, it has been incorporated into a trading tape characterized by a pretty dominant offer, which hasn’t been the type of action ALPP shareholders really want to see. In total, over the past five days, shares of the stock have dropped by roughly -36% on above average trading volume. All in all, not a particularly friendly tape, but one that may ultimately present some new opportunities. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -51%. What’s more, the listing has registered increased average transaction volume recently, with the past month seeing 5% over what the stock has registered over the longer term.

Kent Wilson CEO of Alpine 4 had this to say: “As we began our search for the right capital partner we wanted to ensure that we were not only accessing capital that met our cost of capital needs, but also finding a firm that has the desire to take longer term positions in Alpine 4.  Under this financing agreement Alpine 4 can opportunistically access capital at our option under favorable terms to advance our business objectives and help in the reduction of our debt burden.”

Now commanding a market cap of $9.1M, ALPP has a stash ($251K) of cash on the books, which stands against about $18.3M in total current liabilities. ALPP is pulling in trailing 12-month revenues of $21.4M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 47.8%. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $ALPP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $ALPP, either long or short, and we have not been compensated for this article.

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