Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1791

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1791
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    Cash, cash equivalents, and restricted cash beginning of the year 
     24,564  
     7,747 
  
    Cash, cash equivalents, and restricted cash end of the year 
    $161  
    $24,564 

The accompanying notes are an integral part of
these consolidated financial statements.

F-7

ALTERNUS CLEAN ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED SUPPLEMENTAL STATEMENTS OF CASH
FLOW

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Supplemental Cash Flow Disclosure 

    Cash paid during the period for: 

    Interest (net of capitalized interest of $2,792 and $397 respectively) 
    $6,099  
    $7,321 
  
    Taxes 
     -  
     2,488 
  
    Non-cash investing and financing activities: 

    Shares issued for settlement of debt 
     9,840  
     - 
  
    Shares issued for conversion of debt 
     2,940  
     - 
  
    Shares issued for stock compensation to third parties 
     321  
     - 
  
    Shares issued for joint venture 
     1,190  
     - 
  
    Shares issuable for LiiON acquisition 
     288  
     - 
  
    Promissory Note issued for LiiON acquisition 
     1,537  
     - 

The accompanying notes are an integral part of
these consolidated financial statements.

F-8

ALTERNUS CLEAN ENERGY, INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

    1.
    Organization and Formation

Alternus Clean Energy, Inc.
(the “Company”) was incorporated in Delaware on May 14, 2021 and was originally known as Clean Earth Acquisitions Corp. (“Clean
Earth”).

On October 12, 2022, Clean
Earth entered into a Business Combination Agreement, as amended by that certain First Amendment to the Business Combination Agreement,
dated as of April 12, 2023 (the “First BCA Amendment”) (as amended by the First BCA Amendment, the “Initial Business
Combination Agreement”), and as amended and restated by that certain Amended and Restated Business Combination Agreement, dated