Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 476

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 476
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 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 “Certificate
of Amendment”) filed with the Secretary of State of Delaware on October 3, 2024, and deemed effective on October 11, 2024 at 12:01
a.m. Eastern Time.

As a result of the Reverse
Stock Split, every twenty-five (25) shares of issued and outstanding Common Stock were combined into one (1) validly issued, fully paid
and nonassessable share of Common Stock. The Reverse Stock