Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 81

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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.00 per shares and the Company received gross proceeds of $244,317 before fees and other expenses associated with
the transaction, accounting for the 12% original issue discount.

On December 11, 2024, the Company entered into
an agreement with LiiON LLC as part of the business acquisition for a $2,000,000 note with a maturity date of December 31, 2027. Subsequent
to December 31, 2024, on April 28, 2025, the Company and LiiON LLC mutually agreed to rescind the Asset Purchase Agreement. See Footnote
5 for further information on.

On December 30, 2024, the Company assumed a $1,041,720
(€1,000,000) promissory note from AEG with a 10% interest maturing July 31, 2025. Additionally, the Company assumed multiple promissory
notes totaling $1,025,000 million from AEG maturing June 30, 2025. This note had a principal outstanding balance of $1 million as of March
31, 2025 and December 31, 2024, respectively.

On December 31, 2024, the Company terminated their
agreement with Meteora Capital LLC by issuing a $500,000 promissory note with a 10% annual interest rate maturing January 31, 2026. This
note had a principal outstanding balance of $0.5 million as of March 31, 2025 and December 31, 2024, respectively.

Cash Flow Discussion

The Company uses traditional measures of cash
flows, including net cash flows from operating activities, investing activities and financing activities to evaluate its periodic cash
flow results.

48

For the Three Months Ended March 31, 2025 compared to March 31,
2024 

The following table reflects the changes in cash
flows for the comparative periods:

    Three Months Ended  March 31, 

    2025  
    2024  
    Change  ($) 

    (in thousands) 
  
    Net cash provided by/(used in) operating activities 
     552  
     (2,036) 
     1,581 
  
    Net cash provided by/(used in) operating activities – Discontinued Operations 
     -  
     (2,735) 
     2,735 

    Net