secwatch.observer — SEC 8-K summary
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Issuer:     ALPINE 4 HOLDINGS, INC. (—)
CIK:        0001606698
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001628280-24-048426
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpine 4 restates FY2022-2023 financials for $5M lease error; director resigns
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- Board determined non-reliance on financials for six periods (Jun 2022-Sep 2023) due to lease accounting errors.
- Overstatement of right-of-use assets and liabilities by ~$5 million from a lease not commenced as of Dec 2022.
- Company will amend Form 10-Qs and 10-K for affected periods; operating expenses and EBITDA impact under review.
- Director Andrew Call resigned from Board and Audit Committee chair effective Nov 14, 2024; not due to restatement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606698/000162828024048426/0001628280-24-048426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606698/000162828024048426/alpp-20241114.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-048426

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