Brief: Alpine 4 Holdings Approved Co's Plan To Wind-Down Its Unit Thermal Dynamics International

Alpine 4 Holdings

21/03/2024 21:49

March 21 (Reuters) - Alpine 4 Holdings Inc  ALPP.O :
    * ALPINE 4 HOLDINGS INC -  ON MARCH 15 APPROVED COMPANY'S
PLAN TO
WIND-DOWN ITS WHOLLY OWNED SUBSIDIARY THERMAL DYNAMICS
INTERNATIONAL, INC.
    * ALPINE 4 HOLDINGS INC- BOARD'S DETERMINATION WILL HAVE NO
IMPACT
ON COMPANY'S OTHER WHOLLY OWNED SUBSIDIARIES
    * ALPINE 4 HOLDINGS INC -  FOR TWELVE MONTHS ENDED DECEMBER
31,
2023, COMPANY'S REVENUES FROM TDI ARE EXPECTED TO BE
APPROXIMATELY $8.5 MILLION
    * ALPINE 4 HOLDINGS INC -  INTENDS TO WIND DOWN OPERATIONS
OF TDI
OVER APPROXIMATELY THREE MONTHS
    * ALPINE 4 HOLDINGS INC - IN CONNECTION WITH APPROVAL OF
PLAN TO
EXIT BUSINESS, CO EXPECTED TO INCUR NON-CASH EXPENSES OF BETWEEN
$10 MILLION AND $12 MILLION

Source text for Eikon:  ID:n0001628280-24-012587 
Further company coverage:  ALPP.O 

 ((Reuters.Briefs@thomsonreuters.com;))