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Alpine 4 Technologies Ltd., a Delaware corporation (the “Company”), announced that on December 27, 2019, the Company entered into an agreement with a New York-based investment bank/broker dealer (the “Advisor”). Pursuant to the agreement, the Advisor agreed to serve as a financial advisor, placement agent, and investment banker for the Company in connection with the Company’s previously announced plans to seek to uplist to a national securities exchange. The Advisor will work with the Company to provide capital raising advice, strategic planning, and other financial services.
The Company agreed to pay to Advisor a cash placement fee (the “Placement Agent’s Closing Fee”) equal to 10% of funds brought into the Company by the Advisor, and 7.5% of funds brought into the Company by another firm with which the Company had a prior relationship. The Company paid a $12,000 cash advance to the Advisor upon execution of the agreement. The Company and the Advisor agreed that any Placement Agent’s Closing Fee would be paid at the closing of each offering from the gross proceeds of the securities sold in that offering.
The Company will provide additional information relating to its plans for the uplisting as required.