Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2446

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 7A
Chunk 2446
---

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Forward Purchase Agreement 
              -  
              -  
     -  
     - 
  
    Convertible Loan Note 
     -  
     -  
     1,662  
     1,662 
  
    Warrant Liability 
     -  
     -  
     811  
     811 
  
    Total 
    $-  
    $-  
    $2,473  
    $2,473 

F-23

Valuation Techniques

●Forward Purchase Agreement: Valued using unobservable
inputs that are not corroborated by market data (Level 3).

●Convertible Note (fair value option): Valued
using unobservable inputs that are not corroborated by market data (Level 3).

●Warrant Liability: Valued using unobservable
inputs that are not corroborated by market data (Level 3).

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 amount of redemptions in connection with the Company’s Special Meeting
and potentially increase the working capital available to the Company following the Business Combination. 

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 52,013 shares 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 52,013 Recycled Shares, 59,849 additional
shares and 111,862 total number of shares. The FPA provides for a prepayment shortfall in an amount in US dollars equal to $500,000. Meteora
in its sole discretion may sell Recycled Shares at any