Company: ALCE
Filing Date: 2025-03-14
Form Type: 8-K
Source: 0001213900-25-024205
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Company: Alternus Clean Energy, Inc.
Filing Date: 2025-03-14
Form: 8-K
Item: Item 8.01
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Item 8.01. Other Events.

On March 11, 2025, the Company was served a complaint
filed in the Superior Court of the State of Delaware by SPAC Sponsor Capital Access (“ SCAF”), claiming that approximately
$1.5 million is due and owed to SCAF pursuant to a settlement agreement by and among the parties, plus costs, expenses, legal fees, interest
and damages, if proven. The Company has accrued a liability for this loss contingency in the amount of approximately $1.5 million, which
represents the contractual amount allegedly owed. It is reasonably possible that the potential loss may exceed our accrued liability due
to costs, expenses, legal fees, interest and damages that are also alleged by SCAF as owed, but at the time of filing this report, we
are unable to determine an estimate of that possible additional loss in excess of the amount accrued. The parties are currently in further
settlement discussions.

Forward-Looking Statements