Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 189

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 189
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 review” the registration statement). Lock-Up Agreements Concurrently with the execution of the Bride Note Purchase Agreement, our directors and executive officers entered into lock-up agreements, pursuant to which they accepted certain restrictions on transfers of shares of common stock held, or to be held, by them for the 30-day period following the effective date of the registration statement required to be filed pursuant to the terms of the registration rights agreement describe above. Maxim Group LLC acted as placement agent in connection with the issuance of the Bridge Notes and received 8% of the gross proceeds from the offering and a five year warrant to purchase up to 76,303 shares of our common stock at an exercise price of $[*] per share. Anti-Takeover Effects of Provisions of the Company Charter, the Bylaws and Applicable Law Certain provisions of the Company Charter, Bylaws, and laws of the State of Delaware, where the Company is incorporated, may discourage or make more difficult a takeover attempt that a stockholder might consider in his or her best interest. These provisions may also adversely affect prevailing market prices for the Company’s common stock. The Company believes that the benefits of increased protection give the Company the potential ability to negotiate with the proponent of an unsolicited proposal to acquire or restructure the Company and outweigh the disadvantage of discouraging those proposals because negotiation of the proposals could result in an improvement of their terms. 124 Authorized but Unissued Shares Delaware law does not require stockholder approval for any issuance of authorized shares. However, the listing requirements of the Nasdaq, which would apply if and so long as the Company’s common stock remains listed on the Nasdaq require stockholder approval of certain issuances equal to 20% or more of the then outstanding voting power or then outstanding number of shares of common stock. Additional shares that may be used in the future may be issued for a variety of corporate purposes, including future public offerings, to raise additional capital, or to facilitate acquisitions. The existence of authorized but unissued and unreserved common stock and preferred stock could make more difficult or discourage an attempt to obtain control of the Company by means of a proxy contest, tender offer, merger, or otherwise. Number of Directors The Company Charter and the Bylaws provide that, subject to any rights of holders of preferred stock to elect additional directors under specified circumstances, the number of directors may be fixed from time to time pursuant to a resolution adopted by our board of directors. The initial number of directors is set at seven. Requirements for Advance Notification of Stockholder Meetings,