Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 276

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 276
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 |     |           |       - |   |
| Balance at September 30, 2024                   |     | $         |       - |   |

| Risk-free rate         |     | Forward   
 Purchase  
 Agreement |       3.64 | % |
|:-----------------------|:----|:----------|-----------:|:--|
| Underlying stock price |     | $         |       9.25 |   |
| Expected volatility    |     |           |         50 | % |
| Term                   |     |           | 2.23 years |   |
| Dividend yield         |     |           |          0 | % |

F-54 Convertible Loan Note & Private Placement Warrants On April 19, 2024, the Company issued to an accredited investor a senior convertible note in the principal amount of $ 2,160,000, issued with an eight percent ( 8.0%) original issue discount, and a warrant to purchase up to 96,444shares of the Company’s common stock at an exercise price of $ 12per share. Maxim Group LLC (“Maxim”) acted as placement agent for the Convertible Note issuance and also received a warrant to purchase 9,644shares of common stock with an exercise price of $ 13.18per share for their role as placement agent. The Convertible Note matures on April 20, 2025(unless accelerated due to an event of default or accelerated up to six installments by the Investor), bears interest at a rate of 7% per annum, which shall automatically be increased to 12.0% per annum in the event of default, and ranks senior to the Company’s existing and future unsecured indebtedness. The convertible note is convertible in whole or in part at the option of the investor into shares of Common Stock (the “Conversion Shares”) at the Conversion Price (as defined below) at any time following the date of issuance of the convertible note. The convertible note is payable monthly on each Installment Date (as defined in the Convertible Note) commencing on the earlier of July 18, 2024 and the effective date of the initial registration statement required to be filed pursuant to the Registration Rights Agreement (as defined below) in an amount equal the sum of (A) the lesser of (x) $216,000and (y) the outstanding principal amount of the Convertible Note, (B) interest due and payable under the Convertible Note and (C)