Alpine 4 Holdings Inc (ALPP)

[November61]

From S1, on page 7

As of February 10, 2020, we had 110,677,860 shares of our Class A Common Stock outstanding (including the 2,275,086 Commitment Shares and the 1,666,666
Initial Purchase Shares issued to Lincoln Park), of which 106,326,000 shares were held by non-affiliates.

From 8k from July 2019

As of the dividend record date, July 12, 2019 there were 70,975,931 Class A Common Shares outstanding, which would result in the issuance of approximately 7,097,593 shares of Class C Common Stock as the dividend, once the
Company completes the creation of the Class C Common Stock.

Alpine is taking shareholders for fools.

Too many red flags!