Company: ALCE
Filing Date: 2025-02-07
Form Type: PRE 14C
Source: 0001213900-25-011375
Chunk: 23

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-02-07
Form: PRE 14C
Chunk 23
---
 Shares of authorized and unissued our common stock could be issued in one or more transactions that could make it more difficult, and therefore less likely, that any takeover of us could occur. Issuance of additional shares of our common stock could have a deterrent effect on persons seeking to acquire control. The Board also could, although it has no present intention of so doing, authorize the issuance of shares of our common stock to a holder who might thereby obtain sufficient voting power to assure that any proposal to effect certain business combinations or amendment to our Certificate of Incorporation or Bylaws would not receive the required stockholder approval. Accordingly, the power to issue additional shares of our common stock could enable the Board to make it more difficult to replace incumbent directors and to accomplish business combinations opposed by the incumbent Board. 12 ACTIONS AUTHORIZED AND APPROVED The actions that were taken by the Company’s Board of Directors and the Majority Stockholders were the authorization and approval of the Reverse Stock Split, the Plan Amendment and the Certificate of Amendment, respectively. DISSENTERS’ RIGHTS OF APPRAISAL Under the DGCL, our stockholders are not entitled to appraisal rights with respect to the Reverse Stock Split, the Plan Amendment or the Certificate of Amendment. INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON None of our officers and directors, nor any of their associates, have any interest in the actions approved by our stockholders and described in this Information Statement except in their capacity as holders of our Common Stock (which interest does not differ from that of the other holders of our Common Stock). 13

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth information with respect to the beneficial ownership of our Common Stock, our only outstanding classes of capital stock having the right to vote on this matter, known by us as of the Record Date, by: •each person or entity known by us to be the beneficial owner of more than 5% of our common stock; •each of our directors; •each of our executive officers; and •all of our directors and executive officers as a group. Beneficial ownership of the voting stock is determined in accordance with the rules of the United States Securities and Exchange Commission (the “ SEC”) and includes any shares of Company voting stock over which a person exercises sole or shared voting or investment power, or of which a person has a right to acquire ownership at any time within 60 days of the Record Date. Except as otherwise indicated, we believe that the