Company: ALCE
Filing Date: 2025-02-12
Form Type: 8-K
Source: 0001213900-25-012325
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Company: Alternus Clean Energy, Inc.
Filing Date: 2025-02-12
Form: 8-K
Item: Item 3.01
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Item 3.01 Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As previously disclosed on November 8, 2024,
Alternus Clean Energy, Inc. (the “ Company”) was notified by the staff of The Nasdaq Stock Market (“ Nasdaq”) that
the Company did not meet the market value of listed securities requirement in Listing Rule 5550(b)(2) (the “ MVLS Rule”) for
continued listing on The Nasdaq Capital Market (the “ Staff Determination”). The Company requested a hearing before the Nasdaq
Hearings Panel (the “ Panel”) to appeal the Staff Determination.

On February 10, 2025, the Company received a determination
letter (the “ Delisting Notification”) from the Nasdaq Hearings Advisor stating that the Panel has determined to delist the
Company’s common stock, par value $0.0001 per share (the “ Common Stock”) from the Nasdaq Capital Market, and Nasdaq
will accordingly suspend trading in the Company’s Common Stock, effective at the opening of trading on February 12, 2025, because
the Company has not demonstrated compliance with the MVLS Rule, nor does it meet any of the alternative requirements under Nasdaq Listing
Rule 5550(b) and has failed to demonstrate that additional time to regain compliance is appropriate. The Company was additionally in violation
of the bid price requirement of Nasdaq Listing Rule 5550(a)(2) (the “ Bid Price Rule”), as disclosed recently on January 31,
2025, which was taken into consideration by the Panel in its Delisting Notification.

Pursuant to the Delisting Notification, the Company
has a period of 15 days from the date of the Delisting Notification to submit a written request for a review of the Panel’s delisting
determination by the Nasdaq Listing and Hearing Review Council (the “ Listing Council”). Unless the Company submits a timely
request for the Listing Council’s review of the Panel’s delisting determination, the Company expects that a Form 25-NSE will
be filed with the Securities and Exchange Commission (“ SEC”), which would remove the Company’s securities from listing
and registration on Nasdaq. The Company has not yet determined if it will request a review of the delisting determination by the Listing
Counsel. If the Company requests such a review, it would stay the filing of the Form 25-NSE pending the Listing Council’s