Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 319

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 319
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4 Note, issued pursuant to the Purchase Agreement, is convertible at the option of the Holder
at any time after the Maturity Date, including with registration rights, at a conversion price per share equal to ninety percent (90%)
of the Company’s common stock’s VWAP (which is the three (3) Trading Days immediately prior to such Conversion Date (or the
nearest preceding date)) as of the date of such conversion (the “Conversion Date”).

On December 11, 2024, the Company entered into
an agreement with LiiON LLC as part of the business acquisition for a $2,000,000 note with a maturity date of December 31, 2027. Subsequent
to December 31, 2024, on April 28, 2025, the Company and LiiON LLC mutually agreed to rescind the Asset Purchase Agreement. See Footnote
5 for further information on.

On December 30, 2024, the Company assumed a $1,041,720
(€1,000,000) promissory note from AEG with a 10% interest maturing July 31, 2025. Additionally, the Company assumed multiple promissory
notes totaling $1,025,000 million from AEG maturing June 30, 2025. This note had a principal outstanding balance of $1 million as of June
30, 2025 and December 31, 2024.

On December 31, 2024, the Company terminated their
agreement with Meteora Capital LLC by issuing a $500,000 promissory note with a 10% annual interest rate maturing January 31, 2026. This
note had a principal outstanding balance of $0.5 million as of June 30, 2025 and December 31, 2024.

On January 21, 2025, the Company
entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors (the “Purchasers”)
pursuant to which the Company sold, in a private placement (the “Offering”), unsecured 20% original issue discount promissory
notes with an aggregate principal amount of $2,812,500 (the “Notes”). The Purchase Agreement also provides for the issuance
of an aggregate of 7,630 shares of common stock of the Company, par value $0.0001 per share (the “Shares”) to the Purch