Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 302

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 302
---
 |     |      | (150 | ) |
| Total                                  |     | $             | - |     | $    |   60 |   |

| Director’s                          
 remuneration                        |     | Nine          
 Months Ended  
 September 30, 
 2024          
 (in           
 thousands)    |     |     | 2023 |     |
|:------------------------------------|:----|:--------------|----:|:----|:-----|----:|
| Remuneration in respect of services 
 as directors                        |     | $             | 314 |     | $    | 153 |
| Remuneration in respect             
 to long term incentive schemes      |     |               |   - |     |      |   - |
| Total                               |     | $             | 314 |     | $    | 153 |

23. Subsequent Events Management has evaluated subsequent events that have occurred through November 19, 2024, which is the date the financial statements were available to be issued and has determined that there were no subsequent events that required recognition or disclosure in the financial statements as of and for the period ended September 30, 2024, except as disclosed below. F-76 On October 1, 2024, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”), by and between the Company and an institutional investor (the “Investor”), pursuant to which the Company agreed to issue to the Investor a series of senior convertible notes up to an aggregate principal amount of $ 2,500,000, issued with a twelve percent ( 12.0%) original issue discount (each a “Convertible Note” and together, the “Convertible Notes”), and warrants (each a “Warrant” and together the “Warrants”) to purchase shares of the Company’s common stock, $ 0.0001par value per share (the “Common Stock”), equal to 50% of the face value of the Convertible Note divided by the volume weighted average price, at an exercise price of $ 2.00per share (the “Exercise Price”). Pursuant to the Purchase Agreement, with the closing of the initial tranche of the Convertible Note and Warrant, the Company issued a Warrant to purchase up to 212,784shares of Common Stock and the Company received gross proceeds of $ 700,000, before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. This warrant was adjusted so that as