Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1880

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1880
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 on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction
of Forvis Mazars, would have caused Forvis Mazars to make reference to the subject matter of the disagreements as defined in Item 304
of Regulation S-K in connection with any reports it would have issued, and there were no “reportable events” as such term
is described in Item 304 of Regulation S-K. Forvis Mazars did not issue any reports on the Company’s financial consolidated statements
during the period which Forvis Mazars was engaged as the Company’s independent registered public accounting firm.

On December 22, 2023, the
Company dismissed BDO USA P.C. (“BDO”), its independent registered public accounting firm prior to the Business Combination,
as the Company’s independent registered public accounting firm, effective as of December 22, 2023. The Audit Committee (the “Committee”)
of the Board approved the dismissal of BDO and engaged Mazars USA as its auditor for 2023.

The Company has not had any
disagreements with its accountants on accounting and financial statements.

Item 9A. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our disclosure controls and
procedures are designed to ensure that the information we are required to disclose in reports that we file or submit under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized, and reported within the time periods
specified in SEC rules and forms, and that such information is accumulated and communicated to our management to allow timely decisions
regarding required disclosure.

Our management, with the
participation and supervision of our Chief Executive Officer and our Chief Financial Officer, have evaluated the effectiveness of our
disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered
by this annual report. Based on such evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of such
date, our disclosure controls and procedures were not, in design and operation, effective at a reasonable assurance level due to the
material weaknesses in internal control over financial reporting described below.

A material weakness is a
deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility
that a material misstatement of the Company