Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 22

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 22
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 up to 162,628 shares of Common Stock at an initial exercise price of $2.00 per share, and the Company received gross proceeds of $535,000, before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. This October 3i Warrant was subsequently adjusted on December 2, 2024 to purchase up to 325,257 shares at an exercise price of $1.00 per share, pursuant to the Adjustment Notice dated December 2, 2024. Also, on November 12, 2024, pursuant to the October Purchase Agreement, the closing of the third tranche of the October Convertible Notes and October 3i Warrants occurred, whereby the Company issued an October Convertible Note in the principal amount of $852,273 and an October 3i Warrant to purchase up to 303,978 shares of Common Stock at an exercise price of $1.50 per share, and the Company received gross proceeds of $750,000, before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. This third tranche of the October 3i Warrant was subsequently 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. Lastly, on December 5, 2024, pursuant to the October Purchase Agreement, the closing of the fourth and final tranche of the October Convertible Notes and October 3i Warrants occurred, whereby the Company issued an October Convertible Note in the principal amount of $244,317 and an October 3i Warrant to purchase up to 130,710 shares of Common Stock at an exercise price of $1.00 per share, and the Company received gross proceeds of $214,999, before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. The conversion and exercise of the October Convertible Notes and the October 3i Warrants are subject to the terms of the October Purchase Agreement, the October Convertible Notes, and the October 3i Warrants, as applicable, including the beneficial ownership limitations and share issuance caps specified therein. In connection with the October 3i Note Transaction, we entered into a registration rights agreement with 3i, LP pursuant to which we agreed to file a resale registration statement covering the resale of the shares