PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Alpine 4 Holdings, Inc. (the “Company”), is unable to file its Form 10-Q for the fiscal quarter ended September 30, 2023, (the “Form 10-Q”) within the prescribed period without unreasonable effort or expense.
During the quarter ended September 30, 2023, the Company experienced a turnover of certain members of the internal accounting staff, including the Corporate Controller and several subsidiary Controllers. Additionally, following the quarter ended September 30, 2023, the Company’s accounting staff has expended significant time working on capital raising transactions, including updating and amending a Form S-1 registration statement (File No. 333-273744) filed pursuant to the Securities Act of 1933 (the “S-1”).
The preparation of the Form 10-Q for the fiscal quarter ended September 30, 2023, was delayed due to the need for the Company’s accounting staff to absorb the duties of the terminated staff, as well as the significant amount of time the accounting staff expended during and after the close of the quarter in negotiating and providing information in connection with the capital raising transactions, as well as updating the S-1. As such, the Company needs additional time to complete and file the Form 10-Q.
In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Company will file its Third Quarter Form 10-Q as soon as practicable. There can be no guarantee that the review of the financial statements will be completed on a timely basis, which could result in the quarterly report not being filed within the five additional days provided by the Rule 12b-25.
The smoker you drink, the player you get.
