secwatch.observer — SEC 8-K summary
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Issuer:     ALPINE 4 HOLDINGS, INC. (—)
CIK:        0001606698
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001628280-24-012587
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 2.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606698/000162828024012587/0001628280-24-012587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606698/000162828024012587/alpp-20240315.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-012587

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