secwatch.observer — SEC 8-K summary
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Issuer:     ALPINE 4 HOLDINGS, INC. (—)
CIK:        0001606698
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001628280-23-039016
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpine 4 enters $1.05M merchant cash advance at high factor cost; cites working capital need
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- Gross proceeds $1,050,000 against $1,480,500 in future receivables purchased (factor rate ~1.41x).
- Payments of $56,942.30/week for 26 weeks; net proceeds after $50,000 fee: $1,000,000.
- Secured by collateral of select subsidiaries and holding company (accounts and proceeds).
- Working capital deemed necessary due to delays in anticipated sale of shares and warrants.
- No prior relationship with lender Meged Funding Group.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606698/000162828023039016/0001628280-23-039016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606698/000162828023039016/alpp-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-039016

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