Alpine 4 completes 1-for-8 reverse stock split to meet Nasdaq $1.00 bid requirement

ALPINE 4 HOLDINGS, INC.

Effective May 12, 2023, every 8 shares of Class A, B, and C common stock converted to 1 share.
Outstanding Class A shares reduced from ~180M to ~22.5M; authorized shares cut from 295M to 200M.
No fractional shares issued; any fractional interest rounded up to the next whole share.
Split aims to bring ALPP into compliance with Nasdaq's $1.00 minimum bid price requirement.
Post-split trading under symbol ALPP with new CUSIP 02083E204 begins May 15, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ALPINE 4 HOLDINGS, INC.: Effected a 1-for-8 reverse stock split and reduced authorized Class A Common Stock from 295,000,000 to 200,000,000 shares (effective 2023-05-12).

Change: charter amendment
Effective: 2023-05-12

Exact text from the filing

On May 12, 2023, a Certificate of Amendment (the “Certificate of Amendment”) to the Amended and Restated Certificate of Incorporation, as amended to date, of Alpine 4 Holdings, Inc. (the “Company”), filed with the Secretary of State of Delaware, took effect. The Certificate of Amendment was filed to effect a one-for-eight (1-for-8) reverse split (the “Reverse Split”) of the shares of the Company’s the Class A, Class B, and Class C Common Stock, and to decrease the number of shares of Class A Common Stock from 295,000,000 shares to 200,000,000 shares (the “Class A Common Stock Decrease”).

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Source: SEC EDGAR

accession 0001628280-23-017798

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