Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 17

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 17
---
0727. 2 Private Placement Transaction. On January 21, 2025, Alternus Clean Energy, Inc. (the “ Company”) entered into a private placement transaction with certain investors (the “ Purchasers”) pursuant to which the Company sold, unsecured 20% original issue discount promissory notes with an aggregate principal amount of $2,812,500 (the “ January 2025 Offering”). Further to the January 2025 Offering, the Company also issued an aggregate of 1,526,058 shares of common stock of the Company to the Purchasers. The transaction closed on January 23, 2024, and had Maxim Group LLC serve as the placement agent for the offering, which received 8% of the gross proceeds of the said offering, and placement agent warrants to purchase up to 76,303 shares of common stock, and reimbursement of the legal fees of its counsel. The Placement Agent Warrants will be exercisable on the six (6) month anniversary of issuance and will expire on the five (5) year anniversary of issuance. The aggregate gross proceeds to the Company are expected to be $2,250,000, of which $580,000 of such proceeds were released on the closing date and the remaining amount is currently held in escrow, released upon certain contingencies. Meteora Forward Purchase Agreement Termination. On December 31, 2024, the Company, Meteora Capital Partners, LP (“ MCP”), Meteora Select Trading Opportunities Master, LP (“ MSTO”), and Meteora Strategic Capital, LLC (“ MSC”) (collectively, the “ Seller”) entered into a Mutual Termination Agreement (the “ Termination Agreement”), terminating the Confirmation of an OTC Equity Prepaid Forward Transaction (the “ Forward Purchase Agreement”) dated December 3, 2024. As consideration for entering into the Termination Agreement, the Company on the same date issued a promissory note to the Seller in the amount of $500,000 bearing an interest at the rate of 10% per annum and having a maturity date of January 31, 2026. LiiON Transaction. On December 11, 2024, BESS LLC, a Delaware limited liability company (“ BESS”) and wholly owned subsidiary of the Company, entered into an asset purchase agreement (the “ APA”) with LiiON LLC (“ LiiON”) a U.S.-based expert in advanced energy storage solutions, and closed the acquisition of certain assets of LiiON