Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1550

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 4
Chunk 1550
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 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 $700 million as of the end
of that fiscal year’s second fiscal quarter. If we are a smaller reporting company at the time we cease to be an emerging growth
company, we may continue to rely on exemptions from certain disclosure requirements that are available to smaller reporting companies.
Specifically, as a smaller reporting company we may choose to present only the two most recent fiscal years of audited financial statements
in our Annual Report on Form 10-K and, similar to emerging growth companies, smaller reporting companies have reduced disclosure obligations
regarding executive compensation.

Recent Accounting
Pronouncements

A description of recently issued accounting pronouncements
that may potentially impact our financial position and results of operations is disclosed in Footnote 2, “Significant Accounting
Policies,” to our audited consolidated financial statements included elsewhere in this Report.

Item 7A. Quantitative and Qualitative Disclosures
About Market Risk.

The Company is a smaller
reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information under this item.

68

Item 8. Financial Statements and Supplementary
Data.

ALTERNUS CLEAN ENERGY, INC. AND SUBSIDIARIES

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024 and 2023

    Page  Report of Independent Registered Public Accounting Firm (Forvis Mazars, PCAOB ID 339) F-2  Report of Independent Registered Public Accounting Firm (Kreit & Chiu CPA LLP, PCAOB ID 6651) F-3  Consolidated Balance Sheets as of December 31, 2024 and 2023. F-4  Consolidated Statements of Operations and