Company: ALCE
Filing Date: 2025-01-31
Form Type: 8-K
Source: 0001213900-25-008956
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Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-31
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.

On
January 30, 2025, Alternus Clean Energy, Inc., a Delaware corporation (the “ Company”) received a letter (the “ Minimum
Bid Price Deficiency Letter”) from the Listing Qualifications Department (the “ Staff”) of The Nasdaq Stock Market LLC
(“ Nasdaq”), notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) which requires listed
companies to maintain a minimum bid price of $1.00 per share (the “ Minimum Bid Price Requirement”). Normally, a company would
be afforded a 180-calendar day period to demonstrate compliance with the Minimum Bid Price Requirement. However, pursuant to Listing
Rule 5810(c)(3)(A)(iv) the Company is not eligible for any compliance period specified in Rule 5810(c)(3)(A) because the Company has
effected a reverse stock split over the prior one-year period or has effected one or more reverse stock splits over the prior two-year
period with a cumulative ratio of 250 shares or more to one.

The
Staff directed the Company to provide the Nasdaq Hearings Panel (the “ Panel”) with information on the Company’s plan
for compliance with the Minimum Bid Price Requirement and advised that the Panel will consider the submission in their decision regarding
the Company’s continued listing on The Nasdaq Capital Market. The Company intends to present its views with respect to this additional
deficiency to the Panel in writing no later than February 6, 2025

Item
8.01 Other Events.