Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 352

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 352
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 stock could be negatively affected, and we
could become subject to investigations by the SEC or other regulatory authorities, which could require additional financial and management
resources. 

We may face litigation and other risks as
a result of the Restatement of our Condensed Consolidated Financial Statements as of and for the Three Months Ended March 31, 2024.

We have identified a material weakness in our
internal control over financial reporting in this Annual Report and our 2023 Annual Reports on Form 10-K. Subsequent to the filing of
the original Form 10-Q for the three months ended March 31, 2024, we identified some misstatements, requiring the restatement of the Company’s
condensed consolidated financial statements as of and for the three months ended March 31, 2024, which was partially caused by the same
material weakness in internal control over financial reporting. As a result of such material weaknesses, the Restatement and other matters
raised or that may in the future be raised by the SEC, we face potential for litigation or other disputes, which may include, among others,
claims invoking the federal and state securities laws, contractual claims or other claims arising from the Restatement and the material
weaknesses in our internal control over financial reporting and the preparation of our financial statements. As of the date of this Annual
Report on Form 10-K, we have no knowledge of any such litigation or dispute. However, we can provide no assurance that such litigation
or dispute will not arise in the future. Any such litigation or dispute, whether successful or not, could adversely affect our business,
financial condition and results of operations.

39

Adverse publicity and potential concerns
from our customers relating to or arising from the Restatement could have an adverse effect on our business and financial condition.

We could continue to be the subject of negative
publicity focusing on the restatement and adjustment of our financial statements, and we may be adversely impacted by negative reactions
from our customers or others with whom we do business. Concerns include the perception of the effort required to address our accounting
and control environment. Continued adverse publicity and potential concerns from our customers could harm our business and have an adverse
effect on our financial condition.

Delaware law and
provisions in our certificate of incorporation and bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing
the trading price of our common stock.

Our certificate of incorporation
and bylaws contain provisions that could depress the trading price