Alpine 4 Holdings receives Nasdaq staff determination letter

Alpine 4 Holdings announced that on May 14, 2024, it received a Staff Delisting Determination letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that Nasdaq has initiated a process which could result in the delisting of the Company’s securities from Nasdaq as a result of the Company’s not being in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. The Staff Determination has no immediate effect and will not immediately result in the suspension of trading or delisting of the Company’s securities. The Staff Determination was issued because the Company has not filed its Quarterly Report on Form 10-Q for the period ended September 30, 2023, or its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. Based on materials submitted to Nasdaq by the Company on January 16, 2024, and May 2, 2024, the Nasdaq Staff granted the Company an exception until May 13, 2024, to regain compliance with the Listing Rule. The Company has been in communication with the Nasdaq and intends to appeal the Staff Determination before a Nasdaq Hearing Panel and seek a further stay of any suspension or delisting action pending the hearing process in accordance with the procedures set forth in the Staff Determination Letter. The Company is working diligently with its auditors to complete the Quarterly Report and the Form 10-K and to file them with the SEC.