Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 274

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 274
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|:---------------------------|:----|:-----------------------|:--|:----|:--------|:--|:----|:--------|:--|:----|:------|:--|
| Total                      |     | $                      | - |     | $       | - |     | $       | - |     | $     | - |

|                            |     | Fair Value Measurement |   |     |         |   |     |         |       |     |       |       |
|                            |     | Level 1                |   |     | Level 2 |   |     | Level 3 |       |     | Total |       |
| Forward Purchase Agreement |     |                        |   |     |         |   |     |         |     - |     |       |     - |
| Convertible Loan Note      |     |                        | - |     |         | - |     |         | 1,542 |     |       | 1,542 |
| Warrant Liability          |     |                        | - |     |         | - |     |         |   509 |     |       |   509 |
| Total                      |     | $                      | - |     | $       | - |     | $       | 2,051 |     | $     | 2,051 |

Forward Purchase Agreement

On December 3, 2023, the Company entered into an agreement with (i) Meteora Capital Partners, LP, (ii) Meteora Select Trading Opportunities Master, LP, and (iii) Meteora Strategic Capital, LLC (collectively “Meteora”) for OTC Equity Prepaid Forward Transactions (the “FPA”). The purpose of the FPA was to decrease the number of redemptions in connection with the Company’s Special Meeting and potentially increase the working capital available to the Company following the Business Combination.

F-53

Pursuant to the terms of the FPA, Meteora purchased 111,862(the “Purchased Amount”) shares of common stock concurrently with the Business Combination Closing pursuant to Meteora’s FPA Funding Amount PIPE Subscription Agreement, less the 52,013shares of common stock separately purchased from third parties through a broker in the open market (“Recycled Shares”). Following the consummation of the Business Combination, Meteora delivered a Pricing Date Notice dated December 10, 2023, which included 52,013Recycled Shares, 59,