---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-012587"
form_type: "8-K"
ticker: null
cik: "0001606698"
company_name: "ALPINE 4 HOLDINGS, INC."
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:52:56.738712+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alpine 4 Holdings to wind down subsidiary Thermal Dynamics International (TDI), expects $10-12M non-cash impairment

## Summary
- Board approved wind-down of wholly owned subsidiary TDI over ~3 months, effective March 15, 2024.
- TDI contributed ~$8.5M revenue in FY2023; wind-down focuses resources on more strategic businesses.
- Expected non-cash charges of $10M-$12M: ~$11M impairment of intangible assets, ~$1M impairment of PPE.
- Additional transition costs of ~$500k for advisor fees; exclusion from non-GAAP measures planned.
- No impact on Alpine 4's other wholly owned subsidiaries.

## SEC filing metadata
- accession: 0001628280-24-012587
- form_type: 8-K
- cik: 0001606698
- company_name: ALPINE 4 HOLDINGS, INC.
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606698/000162828024012587/0001628280-24-012587-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606698/000162828024012587/alpp-20240315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-012587
- JSON: https://secwatch.observer/filing/0001628280-24-012587.json
- Plain text: https://secwatch.observer/filing/0001628280-24-012587.txt

## Key facts
- Restructurings & Charges
  ALPINE 4 HOLDINGS, INC. announced a restructuring with charges of total non-cash expenses of between $10 million and $12 million, including impairment of intangible assets of approximately $11 million and impairment of a porti affecting wholly owned subsidiary Thermal Dynamics International, Inc. (TDI).
  - Type: restructuring
  - Charge: total non-cash expenses of between $10 million and $12 million, including impairment of intangible assets of approximately $11 million and impairment of a porti
  - Affected area: wholly owned subsidiary Thermal Dynamics International, Inc. (TDI)
  source text: with customers and suppliers of the business. In connection with approval of the plan to exit the business, the Company is expected to incur total non-cash expenses of between $10 million and $12 million, including impairment of intangible assets of approximately $11 million and impairment of a portion of property, plant and equipment of approximately $1 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606698/000162828024012587/0001628280-24-012587-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.