Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 880

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1C
Chunk 880
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4   Alt Alliance LLC   USA  BESS LLC   Holding Company   10 December 2024   Alternus Clean Energy Inc.   USA 

F-9

    2.
    Going Concern and Management’s Plans

Our consolidated financial
statements for the year ended December 31, 2024, identify the existence of certain conditions that raise substantial doubt about our ability
to continue as a going concern for twelve months from the issuance of these financial statements:

The accompanying consolidated
financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business. As shown in the accompanying consolidated financial statements during the period ended December
31, 2024, the Company incurred losses from continuing operations of ($24.8) million and a net loss of ($32.6) million for the year ended
December 31, 2024 and 2023, respectively. The Company had total shareholders’ (deficit) of ($33.9) million as of December 31, 2024
and ($63.3) million at December 31, 2023, respectively. The Company had $0.2 million of unrestricted cash on hand as of December 31, 2024.

Our operating revenues are
insufficient to fund our operations, and our assets already are pledged to secure our indebtedness to various third party secured creditors.
The unavailability of additional financing could require us to delay, scale back, or terminate our acquisition efforts as well as our
own business activities, which would have a material adverse effect on the Company and its viability and prospects.

The terms of our indebtedness,
including the covenants and the dates on which principal and interest payments on our indebtedness are due, increases the risk that we
will be unable to continue as a going concern. To continue as a going concern over the next twelve months, we must make payments on our
debt as they come due and comply with the covenants in the agreements governing our indebtedness or, if we fail to do so, to (i) negotiate
and obtain waivers of or forbearances with respect to any defaults that occur with respect to our indebtedness, (ii) amend, replace, refinance,
or restructure any or all of the agreements governing our indebtedness, and/or (iii) otherwise secure additional capital. However, we
cannot provide any assurances that we will be successful in accomplishing any of these plans