Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 3625

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 8
Chunk 3625
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 Rule”), as disclosed recently on January 31, 2025, which was taken into
consideration by the Panel in its Delisting Notification.

A Form 25-NSE was
filed with the Securities and Exchange Commission (“SEC”), which removed the Company’s securities from listing and
registration on Nasdaq. The Company’s Common Stock is currently quoted on the OTCQB trading market. However, there can be
no assurance that the Company’s Common Stock will continue to trade on any over-the-counter trading market.

On February 11, 2025, 3i
converted $150,000 of the October Convertible Note into 200,000 shares of unrestricted common stock valued at $0.075 per share.

On February 14, 2025, the
the Board of the Company declared the formation of and approved the issuance of an aggregate of 1 share of Series A Super Voting Preferred
Stock, par value $0.0001 per share (“Series A”). On February 18, 2025, the Company filed a certificate of designation (the
“Certificate of Designation”) with the Secretary of State of the State of Delaware therein establishing the Series A Super
Voting Preferred Stock and describing the rights, obligations and privileges of the Series A Super Voting Preferred Stock. Concurrently,
the Company issued the 1 share of Series A on the same date, in book-entry form. Each share of Series A has a par value of $0.0001 per
share. The Series A is not convertible into, or exchangeable for, shares of any other class or series of stock or other securities of
the Company. The Series A has no stated maturity and is not subject to any sinking fund. The holders of Series A shall not be entitled
to receive any distributions in the event of any liquidation, dissolution or winding up of the Company.

On March 21, 2025 the Company
filed an Amended and Restated Certificate of Designation of its Series A, such that 10,000 shares are designated as Series A and issued
to Mr. Vincent Browne and each share of the Series A is entitled to have the right to vote in an amount equal to 10,000 votes per share,
voting with the common stock on all matters as a single class.

On March 21, 2025, Vincent
Browne, our Chief Executive Officer, Interim Chief Financial Officer and the shareholder with majority voting rights