Alpine Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated in 2021 and headquartered in Fountain Hills, Arizona. The company primarily operates in the capital markets sector, focusing on raising capital through its initial public offering (IPO) to acquire and merge with target private companies. Alpine Acquisition concentrates on sectors including drive-to destination hotels, digital entertainment and gaming, and lodging technology businesses. Its core services encompass facilitating business combinations through share exchanges, asset acquisitions, stock purchases, and recapitalizations, supported by advisory services such as due diligence, valuation assessments, regulatory compliance, and post-merger integration.
The company recently entered into definitive agreements to acquire Two Bit Circus, Inc., a creator of micro-amusement parks, for approximately $50 million in stock. Alongside this acquisition, Alpine Acquisition agreed to purchase two conference hotels located in Denver, Colorado, and Stamford, Connecticut, for $65 million in cash and stock. These hotels are intended to be rebranded as Revelers Resorts and enhanced with Two Bit Circus's entertainment technology, aligning with Alpine’s strategic business expansion into experiential entertainment and destination hospitality. This merger aims to combine the entertainment offerings of Two Bit Circus with Alpine’s hotel properties, expanding its presence in digital entertainment and hospitality markets.
Alpine Acquisition Corporation operates as a publicly traded entity under the ticker REVE and supports its merger activities with comprehensive capital markets advisory, investment management, and mergers and acquisitions expertise. The company targets high-growth potential businesses within its chosen industries across the United States. Despite its SPAC structure with no traditional product manufacturing, it focuses on generating value through strategic acquisitions and business integrations within the digital entertainment, gaming, and hospitality sectors, notably marked by the recent combination with Two Bit Circus and associated hotel acquisitions.