Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1093

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 2
Chunk 1093
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 financing activities, giving rise to interest rate risk. The debt of the Company is comprised of different instruments,
which bear interest at either fixed or floating interest rates. The ratio of fixed and floating rate instruments in the loan portfolio
is monitored and managed. Refer to Footnote 14 – Convertible and Non-convertible Promissory Notes for more information.

The Company believes that the interest rates on
all borrowings compare favorably with those rates available in the market.

Emerging Growth Company
Status

In April 2012, the Jumpstart Our Business Startups
Act of 2012, or the JOBS Act, was enacted. Section 107 of the JOBS Act provides that an “emerging growth company,” or an EGC,
can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act of 1933, as amended, or the
Securities Act, for complying with new or revised accounting standards. Thus, an EGC can delay the adoption of certain accounting standards
until those standards would otherwise apply to private companies. The Company has elected to use the extended transition period for new
or revised accounting standards during the period in which we remain an EGC.

We expect to remain an EGC until the earliest
to occur of: (1) the last day of the fiscal year in which we, as applicable, have more than $1.235 billion in annual revenue; (2) the
date we qualify as a “large accelerated filer,” with at least $700 million in market value of equity securities held by non-affiliates;
(3) the date on which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period; and
(4) the last day of the fiscal year ending after the fifth anniversary of our initial public offering.

Additionally, we are a “smaller reporting
company” as defined in Item 10(f)(1) of Regulation S-K. We will remain a smaller reporting company until the last day of the fiscal
year in which (i) the market value of our stock held by non-affiliates is greater than or equal to $250 million as of the end of that
fiscal year’s second fiscal quarter, or (ii) our annual revenues are greater than or equal to $100 million during the most recently
completed fiscal year and the market value of our stock held by non-affiliates is greater than or equal to