on Alpine 4 Holdings, Inc. (NASDAQ:ALPP)
Alpine 4 Holdings Receives Nasdaq Staff Determination Letter
PHOENIX, AZ - Alpine 4 Holdings, Inc. (NASDAQ:ALPP) announced that it received an Additional Staff Determination letter from Nasdaq on August 16, 2024. The letter addresses the company's delinquency in filing its Quarterly Report on Form 10-Q for the quarter ending June 30, 2024. This delay could be an additional basis for delisting the company's securities from Nasdaq.
Alpine 4 Holdings had previously informed Nasdaq that it would likely be late in filing due to sequential order of filings. Despite receiving an extension on July 25, 2024, the recent delinquency was formally noted by Nasdaq. The company plans to present its views to the Nasdaq Hearing Panel by August 23, 2024.
The August 16 letter does not immediately affect the listing of the company's Common Stock, which remains traded on The Nasdaq Capital Market under "ALPP." The company’s future listing will depend on the outcome of the planned hearing and Nasdaq's approval to extend the stay on delisting proceedings.
R. P.
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