ALPINE 4 HOLDINGS, INC.: M&A transaction — Alpine 4 sells Morris Sheet Metal assets for ~$1.58M; amends MCA with AEC

ALPINE 4 HOLDINGS, INC.

Sold Morris Sheet Metal, JTD Spiral, and other subsidiaries' assets to Bright-MSM Newco for $1,577,489 cash plus assumption of liabilities; 10% held back.
Assigned leases for Morris properties and subleased them to Bright for one year; landlord waived liens on Deluxe assets.
Amended Dec 2023 MCA with AEC: added Alt Labs' assets as collateral, allowed AEC to debit accounts of Alt Labs, Vayu, IDT, Elecjet upon default; deleted DTI security interest.
Borrowers paid $5,000 fee for the MCA amendment; AEC may require stock issuance if other remedies exhausted.

item 1.01 item 2.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.4

ALPINE 4 HOLDINGS, INC. amended debt with AEC.

Counterparty: AEC
Event: amendment

Exact text from the filing

("Alt Labs," and together with the Borrowers and AEC, the "Parties") entered into a First Amendment (the "AEC First Amendment") to the Standard Merchant Cash Advance Agreement between AEC and the Borrowers (the AEC Cash Advance Agreement").

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ALPINE 4 HOLDINGS, INC. completed a disposition involving Bright-MSM Newco, Inc. for $1,577,488.97 (closed 2024-01-12).

Action: disposition
Counterparty: Bright-MSM Newco, Inc.
Consideration: $1,577,488.97
Closing: 2024-01-12

Exact text from the filing

periods prior to the closing). Purchase Price Received by the Company Pursuant to the Agreement, the consideration paid by Bright for the Assets (the “Purchase Price”) was (a) $1,577,488.97, and (b) the assumption of the Assumed Liabilities. At the closing, Bright agreed to pay off certain obligations of the Sellers, and retained $157,748.90 as a “Holdback Amount

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Source: SEC EDGAR

accession 0001628280-24-001413

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