Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 40

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
 in the event of any liquidation, dissolution
or winding up of the Company.

Series A Super Voting Preferred Stock Issuance

On March 21, 2025 the Company
issued 10,000 shares of Series A Super Voting Preferred Stock to the Company’s CEO, Mr. Vincent Browne, which gave Mr. Browne controlling
voting rights over all Company matters requiring a shareholder vote. The Company recorded employee stock compensation expense of $60,000
representing the fair value of the shares issued.

Warrants

As of March 31, 2024, warrants to purchase up
to 497,400 shares of common stock were issued and outstanding. These warrants were related to financing activities. During the three months
ended March 31, 2025, the Company issued 76,303 additional warrants exercisable at $0.4059 per share with a five-year term to Maxim as
compensation for placement agent services related to the January 21, 2025 financing. As of March 31, 2025, warrants to purchase up to
3,143,328 shares of common stock were issued and outstanding.

     Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term
(Years)   Outstanding - January 1, 2024   493,800   $280.50    4.93   Issued during the quarter   3,600    0.25    0.03   Expired during the quarter   -    -    -   Outstanding – March 31, 2024   497,400    278.50    4.73   Exercisable – March 31, 2024   497,400   $278.50    4.73  

     Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term
(Years)   Outstanding – January 1, 2025   3,067,025   $46.07    4.85   Issued during the quarter   76,303    0.41    0.12   Expired during the quarter   -    -    -   Outstanding – March 31, 2025   3,143,328    44.96