Company: ALCE
Filing Date: 2025-01-31
Form Type: 8-K
Source: 0001213900-25-008956
Chunk: 1

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-31
Form: 8-K
Item: Item 8.01
Chunk 1
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Item
8.01 Other Events.

As
previously disclosed, on November 8, 2024, the Company received a letter (the “ MVLS Letter” and together with the Minimum
Bid Price Deficiency Letter, the “ Deficiency Letters”) from the Staff of Nasdaq notifying the Company that it was not in
compliance with Nasdaq Listing Rule 5550(b)(2), which requires the market value of the Company’s listed securities to be more
than $35 million for the previous 30 consecutive business days (the “ MVLS Rule”), nor is it in compliance with either
of the alternative listing standards, to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing or net
income of $500,000 from continuing operations in the most recently completed fiscal year, or in two of the three most recently completed
fiscal years.

As
previously disclosed, the Company timely appealed the determination of the Staff to delist the Company’s securities from Nasdaq,
and is currently pending decision of the Panel to the hearing which was conducted on January 9, 2025. At the hearing, we requested that
we be allowed to reflect our compliance with the Nasdaq listing rule 5550(b)(1), with the requirement to have at least $2,500,000 in
stockholders’ equity, instead of the MVLS Rule. While the appeal process is pending, the suspension of trading of our common stock
will be stayed. The Company intends to evaluate available options to resolve the deficiency and regain compliance with the quoted deficiency
and is exercising diligent efforts to maintain the listing of its common stock on Nasdaq. Our common stock will continue to trade on
Nasdaq until the hearing process concludes and the Panel issues its final written determination, however, there can be no assurance that
the Company will be able to regain or maintain compliance with Nasdaq listing standards.

SIGNATURE

Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

Date:
January 31, 2025

  ALTERNUS CLEAN ENERGY, INC.                                                                
  By:                              /s/ Vincent                                               
                                   Vincent Browne                                            
                                   Chief Executive Officer, Interim Chief Financial Officer