ALPP - Alpine 4 to raise $10M in stock and warrants offering
- Alpine 4 ( NASDAQ: ALPP ) entered into definitive agreements with a single U.S. institutional investor and certain existing shareholders for the purchase and sale of 14.5M shares and warrants at a combined purchase price of $0.69/share and accompanying warrant.
- The warrants will have an exercise price of $0.69/share and will be exercisable immediately, and will expire five years following the issuance date.
- Offer closing is expected to occur on or about July 13, 202.
- Net proceeds to be used for advancing its R&D development into its AX-03 class of solid-state batteries, preemptive materials purchasing to hedge against supply chain delays, and other operational expenses.
For further details see:
Alpine 4 to raise $10M in stock and warrants offering