Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1857

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1857
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ible Note and Warrant occurred, whereby the Company issued
a Warrant to purchase 162,628 shares of Common Stock exercisable at $2.00 per share and the Company received gross proceeds of $535,000,
before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. This warrant was adjusted
on November 12, 2024 to purchase up to 216,838 shares at an exercise price of $1.50 per share. This warrant was adjusted again on December
5, 2024 to purchase up to 325,257 shares at an exercise price of $1.00 per share. In conjunction with the transaction, the Company issued
warrants for the purchase of 16,263 shares of common stock with an exercise price of $2.20 per share to Maxim for their role as placement
agent, which is exercisable at any time on or after April 21, 2025 and will expire on December 19, 2027.

On November 12, 2024, pursuant
to the Purchase Agreement, the closing of the third tranche of the Convertible Note and Warrant occurred, whereby the Company issued a
Warrant to purchase 303,978 shares of Common Stock exercisable at $1.50 per share and the Company received gross proceeds of $750,000,
before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. This warrant was adjusted
on December 5, 2024 to purchase up to 455,967 shares at an exercise price of $1.00 per share. In conjunction with the transaction, the
Company issued warrants for the purchase of 22,799 shares of common stock with an exercise price of $2.20 per share to Maxim for their
role as placement agent, which is exercisable at any time on or after May 12, 2025 and will expire on December 19, 2027.

On December 5, 2024, pursuant
to the Purchase Agreement, the closing of the fourth and final tranche of the Convertible Note and Warrant occurred, whereby the Company
issued a Warrant to purchase 130,710 shares of Common Stock exercisable at $1.00 per shares and the Company received gross proceeds of
$244,317 before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. In conjunction
with the transaction, the Company issued warrants