Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1130

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 2
Chunk 1130
---
 shares of the Company’s common stock pursuant to the FPA. 

    ● The proceeds received by the Company from the Business Combination, net of the FPA and transaction costs, totaled $5.1 million. 

F-22

The following table presents
the total Common Stock outstanding immediately after the closing of the Business Combination:

    Number of Shares 
  
    Exchange of CLIN common stock subject to possible redemption that was not redeemed for Alternus Clean Energy Inc. common stock 
     5,086 
  
    Exchange of public share rights held by CLIN shareholders for Alternus Clean Energy Inc. common stock 
     92,000 
  
    Issuance of Alternus Clean Energy, Inc. common stock to promissory note holders 
     16,000 
  
    Exchange of CLIN Class A common stock held by CLIN Sponsor for Alternus Clean Energy Inc. common stock 
     342,267 
  
    Subtotal - Business Combination, net of redemptions 
     455,353 
  
    Issuance of shares under the FPA 
     59,849 
  
    Shares purchased by the accredited investor under the FPA 
     52,013 
  
    Issuance of Alternus Clean Energy Inc. common stock to Alternus Energy Group Plc. on the Closing Date 
     2,300,000 
  
    Issuance of Alternus Clean Energy Inc. common stock to the CLIN Sponsor as a holder of CLIN convertible notes on the Closing Date 
     9,000 
  
    Total – Alternus Clean Energy Inc. common stock outstanding as a result of the Business Combination, FPA, exchange of Acquired Subsidiaries’ shares for shares of Alternus Clean Energy Inc. and issuance of Alternus Clean Energy Inc. common stock the holder of CLIN convertible notes. 
     2,876,215 

    5.
    Fair Value Measurements

Fair value is defined as the
exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous
market for the asset or liability in an orderly transaction between market participants at the measurement date. Inputs used to measure
fair value are prioritized within a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable
inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

Level