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Alpine 4 Technologies, Ltd.: Alpine 4 Technologies Ltd. Prices $50 Million Registered Direct Offering
PHOENIX, AZ / ACCESSWIRE / February 12, 2021 / Alpine 4 Technologies Ltd. ( Alpine 4 or the Company, )(OTCQB:ALPP), a leading operator and owner of small market businesses, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of 8,333,333 shares of its Class A common stock at a purchase price of $6.00 per share in a registered direct offering for gross proceeds of approximately $50 million before deducting placement agent fees and expenses (collectively, the Offering ).
The Company intends to use the net proceeds from the Offering to further accelerate the Company s business plan, repay some of its outstanding debts, and fund any additional working capital needs.
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