Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 54

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 elsewhere in this report and in our Annual Report on Form 10-K filed with the Securities and Exchange Commission
on June 27, 2025. In addition to historically consolidated financial information, this discussion contains forward-looking statements
that involve risks and uncertainties. Our actual results could differ materially from those discussed below. Factors that could cause
or contribute to these differences include, but are not limited to, those identified below, and those discussed in “Item 1A. Risk
Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024, in “Item 1A. Risk Factors” in
Part II of this Quarterly Report on Form 10-Q and in any subsequent filing we make with the SEC.

Overview

We are a renewable energy company committed to
advancing sustainable solutions. With a focus on utility-scale projects, such as utility solar parks, microgrids and battery storage,
we aim to deliver comprehensive, clean energy across Europe and America. Through strategic investments, we are building a portfolio poised
to lead the transition to a sustainable energy future.

The Company was incorporated in Delaware on May
14, 2021, and was originally known as Clean Earth Acquisitions Corp. (“Clean Earth”).

On October 12, 2022, Clean Earth entered into
a Business Combination Agreement, as amended by that certain First Amendment to the Business Combination Agreement, dated as of April
12, 2023 (the “First BCA Amendment”) (as amended by the First BCA Amendment, the “Initial Business Combination Agreement”),
and as amended and restated by that certain Amended and Restated Business Combination Agreement, dated as of December 22, 2023 (the “A&R
BCA”) (the Initial Business Combination Agreement, as amended and restated by the A&R BCA, the “Business Combination Agreement”),
by and among Clean Earth, Alternus Energy Group Plc (“AEG”), and the Sponsor. Following the approval of the Initial Business
Combination Agreement and the transactions contemplated thereby at the special meeting of the stockholders of Clean Earth held on December
4, 2023, the Company consummated the Business Combination on December 22, 2023. In accordance with the Business Combination Agreement,
Clean Earth issued 2,300,000 shares of common stock of Clean Earth, par value $0.0001 per share, to AEG, and AEG transferred to Clean
Earth, and Clean Earth