Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 78

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 78
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 and reserved for issuance under its equity incentive plans are expected to be registered on Form S-8 under the Securities Act and such shares may be eligible for sale in the public markets, subject to Rule 144 under the Securities Act (“ Rule 144”) limitations applicable to affiliates. If these additional shares are sold, or if it is perceived that they will be sold in the public market, the trading price of our common stock could decline. 39 Although our prior Sponsor and certain other stockholders will be subject to restrictions regarding the transfer of shares of our common stock held by them, as described elsewhere in this prospectus, these shares may be sold after the expiration of their respective lock-ups (where any). As restrictions on resale end and the registration statements for the resale of our securities are available for use, the market price of our common stock could decline if the holders of currently restricted shares sell them or are perceived by the market as intending to sell them. We may issue additional shares of common stock or other equity securities without your approval, which would dilute your ownership interests and may depress the market price of our common stock. We have warrants outstanding to purchase up to 3,127,363 shares of our common stock and $824,520 of convertible notes that are convertible into a number of shares based on the outstanding principal and interest outstanding on such notes and on a variable conversion price that is equal to the market price of our common stock. We also have the ability to issue up to 1,120,000 shares of our common stock under the 2023 Plan (as defined below). We may issue additional shares of common stock or other equity securities of equal or senior rank in the future in connection with, among other things, future acquisitions or repayment of outstanding indebtedness, without stockholder approval, in a number of circumstances. Our issuance of additional shares of common stock or other equity securities of equal or senior rank could, without limitation, have the following effects:

| ● | our existing stockholders’                            
 proportionate ownership interest in us will decrease; |

| ● | the amount of cash available                                                        
 per share, including for payment of dividends (if any) in the future, may decrease; |

| ● | the relative voting strength                                                
 of each previously outstanding share of common stock may be diminished; and |

| ● | the market price of our             
 shares of common stock may decline. |

If securities or industry analysts either do not publish research about us or publish inaccurate or unfavorable research about us, our business, or its market, or