Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 707

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1B
Chunk 707
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    $100 
  
    Other current assets 
     338 
  
    Other non-current assets 
     3,819 
  
    Total assets held for sale 
    $4,257 

    Liabilities: 

    Accounts payable 
    $21 
  
    Other current liabilities 
     578 
  
    Total liabilities to be disposed of 
    $599 

    Net assets held for sale 
    $3,658 

    Year Ended  December 31, 
  
    Italy 
    2023 

    (in thousands) 

    Revenues 
    $3,360 

    Operating Expenses 

    Cost of revenues 
     (1,204)
  
    Selling, general, and administrative 
     (69)
  
    Depreciation, amortization, and accretion 
     (1,638)
  
    Loss on disposal of asset 
     (5,501 
  
    Total operating expenses 
     (8,412)

    Income/(Loss) from discontinued operations 
     (5,052)

    Other income/(expense): 

    Other expense 
     (15)
  
    Other income 
     - 
  
    Total other income/(expenses) 
    $(15)
  
    Income/(Loss) before provision for income taxes 
    $(5,067)
  
    Net income/(loss) from discontinued operations 
    $(5,067)

F-44

    22.
    Shareholders’ Equity

Common Stock

As of December 31, 2023, the
Company had a total of 150,000,000 shares of common stock authorized with 2,876,215 shares issued and outstanding. As of December 31,
2024, the Company had a total of 300,000,000 shares of common stock authorized with 5,037,826 shares issued and outstanding.

Reverse Stock Split

On October 11, 2024, the Company
effected a one-for-25 (1:25) reverse stock split of all issued and outstanding shares of the Company’s common stock, par value $0.0001
per share (the “Common Stock”) effective as of 12:01 a.m. Eastern Time on October 11, 2024 (the “Reverse Stock Split”),
vide a Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of Alternus Clean Energy, Inc. (the “