Alpine 4 Technologies Ltd. entered into a letter of intent to acquire Lattice Incorporated.

Alpine 4 Technologies Ltd. (OTCPK:ALPP) entered into a letter of intent to acquire Lattice Incorporated (OTCPK:LTTC) on August 1, 2017. In a related transaction, Alpine 4 Technologies entered into letters of intent with certain of Lattice's creditors to convert their debt in Lattice into equity. The transaction will be subject to the parties to the transaction entering into definitive agreements and the approval of Lattice's stockholders.

The transaction is expected to close by the end of 2017. This transaction will result in a positive adjustment to Alpine 4's Shareholder Equity and is anticipated to reduce Lattice's overall debt from $6 million to $3 million. Upon closing this transaction will eliminate approximately 50% of Lattice's debt, which should allow Lattice to obtain net profit earnings on its current revenue base.