Alpine summit energy partners announces issuance of subordinate voting shares

Nashville, tennessee and vancouver, british columbia--(newsfile corp. - may 31, 2023) - alpine summit energy partners, inc. (tsxv: alps.u) (nasdaq: alps) ("alpine summit" or the "company") today announced that it issued 19,494,709 class a subordinate voting shares ("subordinate voting shares") of the company upon the redemption (the "redemption") by a majority of the holders of class b non-voting units of ("units") of hb2 origination, llc ("origination"), a subsidiary of alpine summit. an additional 15,947 subordinate voting shares were issued in connection with the mandatory conversion of the outstanding class c proportionate voting shares ("proportionate voting shares") as a result of the redemption.
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