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Alpine 4 Holdings, Inc. Announces Receipt of Nasdaq Staff Determination Letter

Alpine 4 Holdings, Inc. Announces Receipt of Nasdaq Staff Determination Letter

Alpine 4 Holdings, Inc. 宣佈收到納斯達克員工裁決書
Accesswire ·  05/17 16:00

PHOENIX, AZ / ACCESSWIRE / May 17, 2024 / Alpine 4 Holdings, Inc (NASDAQ:ALPP) (the "Company"), announced today that on May 14, 2024, it received a Staff Delisting Determination letter (the "Staff Determination") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") 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) (the "Listing Rule"), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). The Staff Determination has no immediate effect and will not immediately result in the suspension of trading or delisting of the Company's securities.

亞利桑那州菲尼克斯/ACCESSWIRE/2024年5月17日/Alpine 4 Holdings, Inc(納斯達克股票代碼:APP)(“公司”)今天宣佈,它於2024年5月14日收到了納斯達克股票市場有限責任公司(“納斯達克”)上市資格部門的員工退市決定信(“工作人員裁決”),通知該公司納斯達克已啓動一項程序,該程序可能導致公司的證券從納斯達克退市由於公司沒有遵守納斯達克上市規則5250 (c) (1)(“上市規則”),該規則要求上市公司應及時向美國證券交易委員會(“SEC”)提交所有必要的定期財務報告。員工裁決不會立即生效,也不會立即導致公司證券暫停交易或退市。

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 (the "Quarterly Report"), or its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "Form 10-K"). 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.

員工裁決之所以發佈,是因爲公司尚未提交截至2023年9月30日的10-Q表季度報告(“季度報告”),也沒有提交截至2023年12月31日財年的10-K表年度報告(“10-K表格”)。根據公司於2024年1月16日和2024年5月2日向納斯達克提交的材料,納斯達克工作人員批准該公司在2024年5月13日之前的例外情況,以恢復對上市規則的遵守。

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.

該公司一直在與納斯達克進行溝通,並打算根據員工裁決書中規定的程序,向納斯達克聽證小組對員工裁決提出上訴,並尋求在聽證程序結束之前進一步暫停任何暫停或退市行動。該公司正在努力與核數師合作,以完成季度報告和10-K表格,並將其提交給美國證券交易委員會。

The Company's request for a hearing before the Nasdaq Hearing Panel to appeal the Staff Determination must be made no later than 4:00 p.m. EDT on May 21, 2024. The hearing request will automatically stay the suspension of the Company's securities for a period of 15 days from the date of the request. In connection with its request for a hearing, the Company also intends to request that the Staff Determination be further stayed pending the hearing process. According to the Staff Determination, hearings are typically scheduled to occur approximately 30-45 days after the date of a company's hearing request. Following the hearing, the Hearings Panel will issue a decision, which the Company may further appeal to the Nasdaq Listing Council for review. The Company is working diligently to file the delinquent periodic reports as soon as possible to regain compliance with the Listing Rule. However, there can be no assurance that such periodic reports will be filed before any hearing occurs or that the Nasdaq Hearing Panel will grant the Company's request for a stay pending the hearing process.

公司要求在納斯達克聽證小組舉行聽證會,對員工裁決提出上訴,必須不遲於美國東部時間2024年5月21日下午 4:00 提出。聽證會請求將自動將公司證券的暫停期從申請之日起的15天內暫停。關於聽證會的請求,公司還打算要求在聽證程序結束之前進一步暫緩執行員工裁決。根據員工裁決,聽證會通常安排在公司提出聽證請求之日後約30-45天內舉行。聽證會結束後,聽證小組將發佈一項決定,公司可能會進一步向納斯達克上市委員會提出上訴,要求其審查。該公司正在努力盡快提交拖欠的定期報告,以恢復對《上市規則》的遵守。但是,無法保證此類定期報告會在任何聽證會舉行之前提交,也無法保證納斯達克聽證會小組會批准公司的暫停聽證會請求。

About Alpine 4 Holdings: Alpine 4 Holdings, Inc. is a Nasdaq traded holding company (trading symbol: ALPP) that acquires businesses that fit under one of several portfolios: Aerospace, Commercial Technologies, 3D Mapping Software and Manufacturing as either a Driver, Stabilizer or Facilitator from Alpine 4's disruptive DSF business model. Alpine 4 works to vertically integrate the various subsidiaries with one another even from different industries. Alpine 4 understands the nature of how technology and innovation can accentuate a business, focusing on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. Alpine 4 also believes that its holdings should benefit synergistically from each other, have the ability to collaborate across varying industries, spawn new ideas, and create fertile ground for competitive advantages.

關於Alpine 4 Holdings:Alpine 4 Holdings, Inc.是一家在納斯達克上市的控股公司(交易代碼:APP),收購的業務屬於以下幾個投資組合之一:航空航天、商業技術、三維測繪軟件和製造業,作爲Alpine 4顛覆性DSF商業模式的驅動力、穩定器或促進者。Alpine 4致力於縱向整合各個子公司,即使是來自不同行業的子公司。Alpine 4了解技術和創新如何突出業務的本質,重點關注新技術的適應如何推動創新,即使在實體企業中也是如此。Alpine 4還認爲,其持股應相互協同受益,有能力在不同行業進行合作,催生新想法,爲競爭優勢創造肥沃土壤。

Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.

我們業務的四項核心原則是協同效應。創新。開車。卓越。在 Alpine 4,我們相信協同創新可以推動卓越。通過將這些話語與我們的綜合經驗和能力相結合,我們可以在垂直市場內外積極尋求機會。我們提供的解決方案不僅可以推動行業標準,還可以爲股東增加價值。

Contact: Investor Relations

聯繫人:投資者關係

investorrelations@alpine4.com

investorrelations@alpine4.com

Forward-Looking Statements

前瞻性陳述

This Report contains forward-looking statements that involve risks and uncertainties. For example, forward-looking statements include statements regarding the timing of the filing of the Company's filings, the Company's plan to appeal the Staff Determination, and the outcome of the Company's appeal. Actual results could differ materially from the results projected in or implied by the forward-looking statements made in this report. Factors that might cause these differences include, but are not limited to: the possibility of unanticipated delays that will prevent the filing of the Company's filings, the risk that the work necessary to complete the filings is greater than anticipated or may involve the resolution of additional issues identified during the review process, the outcome of the Company's appeal of the Staff Determination, the risk that the Company may not respond adequately to further inquiries from Nasdaq relating to the appeal, and the risk that Nasdaq will not accept any plan to regain compliance and will delist the Company's Class A common stock. Other risk factors that may impact these forward-looking statements are discussed in more detail in the Company's 2022 Annual Report on Form 10-K filed with the SEC on May 5, 2023. Copies of the Company's 2022 Annual Report and other periodic reports are available through the Company's Investor Relations department and website, alpine4.com. The Company expressly disclaims any obligation or intention to update these forward-looking statements to reflect new information and developments.

本報告包含涉及風險和不確定性的前瞻性陳述。例如,前瞻性陳述包括有關公司提交申報的時間的陳述、公司對員工裁決提出上訴的計劃以及公司上訴結果的陳述。實際業績可能與本報告中前瞻性陳述中預測或暗示的結果存在重大差異。可能導致這些差異的因素包括但不限於:可能出現意想不到的延誤以阻止公司提交申報文件、完成申報所需工作超出預期或可能涉及解決審查過程中發現的其他問題的風險、公司對員工裁決的上訴結果、公司可能無法充分回應納斯達克與上訴有關的進一步詢問的風險以及風險納斯達克不會接受任何計劃恢復合規,並將公司的A類普通股退市。公司於2023年5月5日向美國證券交易委員會提交的2022年10-K表年度報告中詳細討論了可能影響這些前瞻性陳述的其他風險因素。公司2022年年度報告和其他定期報告的副本可通過公司的投資者關係部門和網站alpine4.com獲得。公司明確表示不承擔任何更新這些前瞻性陳述以反映新信息和發展的義務或意圖。

SOURCE: Alpine 4 Holdings, Inc.

資料來源:Alpine 4 Holdings公司


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