Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 90

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 90
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 common stock as of September 30, 2024 was $(82,688,000), or $(23.68) per share. Historical net tangible book value per share of our common stock represents our total tangible assets (total assets less intangible assets) less total liabilities divided by the number of shares of common stock outstanding as of that date. After giving effect to (i) the receipt of $2.5 million in proceeds from the issuance of the October Convertible Note less $0.4 million in estimated expenses, the issuance of a 20% original issue discount loan note in the principal amount of $1.25 million, the issuance of a $500 thousand loan note, the issuance of the Bridge Notes with an aggregate principal amount of $2.8125 million and the issuance of an aggregate of 6,157,552 shares of common stock from September 30, 2024 until the date of this prospectus, our pro forma net tangible book value as of September 30, 2024 would have been $(78,888.00) or approximately $(7.42) per share of our common stock. After giving effect to the pro forma adjustments set forth above and the sale of [●] Common Units in this offering at an assumed public offering price of $[●] per Common Unit, after deducting estimated underwriting discounts and commissions and estimated offering expenses, our pro forma as adjusted net tangible book value as of September 30, 2024 would have been $[●] or approximately $[●] per share of common stock. This represents an immediate increase in pro forma net tangible book value per share of $[●] to the existing stockholders and an immediate dilution in pro forma net tangible book value per share of $[●] to new investors who purchase Common Units in the offering. The following table illustrates this per share dilution to new investors:

| Assumed public offering price per Common Unit                                    
 Historical net tangible book value per share as of September 30, 2024            |     |   |     |   |
|:---------------------------------------------------------------------------------|:----|:--|:----|:--|
| Increase in net tangible book value per share attributable to                    
 the pro forma adjustments described above                                        |     | $ |     |   |
| Pro forma net tangible book value per share as of September 30, 2024             |     | $ |     |   |
| Increase in pro forma net tangible book value per share after                    
 giving effect to this