Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 76

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 76
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, 2024, we issued (a) a senior convertible note in the principal amount of $852,273, bearing a twelve percent (12.0%) original issue discount (the “Convertible Note”), and (b) a warrant (the “Warrant”) to purchase up to 303,978 shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), at an exercise price of $1.50 per share. This warrant was adjusted on December 2, 2024, to purchase up to 455,967 shares at an exercise price of $1.00 per share, pursuant to the Adjustment Notice dated December 2, 2024. We also issued a warrant to purchase 30,398 shares of common stock with an exercise price of $2.20 per share to the placement agent as part of the fees associated with this offering.  Pursuant to the said offering, the Company received gross proceeds of $750,000, before fees and other expenses associated with the transaction.

    (14)
    On December 4, 2024, we issued an original issue discount 20% unsecured convertible promissory note in the principal amount of $1,250,000 (“Secure Net Note”), and (b) a placement agent warrant up to an aggregate of five percent (5%) of the number of shares of common stock issued upon conversion of the Secure Net Note, if the Secure Net Note are converted after the maturity date of the Secure Net Note. The said issuances were further to our closing a Note Purchase Agreement (“December Purchase Agreement”), as aforementioned dated, for which we received net proceeds of $1,000,000.

    (15)
    On December 5, 2024, we issued (a) a senior convertible note in the principal amount of $244,371, bearing a twelve percent (12.0%) original issue discount (the “Convertible Note”), and (b) a warrant (the “Warrant”) to purchase up to 130,710 shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), at an exercise price of $1.00 per share. We also issued a warrant to purchase 8,714 shares of common stock with an exercise price of $2.20 per share to the placement agent as part of the fees associated with this offering. 

45

None of the foregoing transactions involved any
underwriters, under