secwatch.observer — SEC 8-K summary
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Issuer:     ALPINE 4 HOLDINGS, INC. (—)
CIK:        0001606698
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001628280-24-001413
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpine 4 sells Morris Sheet Metal assets for ~$1.58M; amends MCA with AEC
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606698/000162828024001413/0001628280-24-001413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606698/000162828024001413/alpp-20240109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001413

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