Company: ALCE
Filing Date: 2025-11-26
Form Type: PRE 14C
Source: 0001213900-25-115332
Chunk: 11

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-26
Form: PRE 14C
Chunk 11
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ization, except
as described below with respect to cash received in lieu of a fractional share, a U.S. holder will not recognize any gain or loss
for U.S. federal income tax purposes upon the Reverse Stock Split. In the aggregate, a U.S. holder’s tax basis in the
common stock received pursuant to the Reverse Stock Split (excluding the portion of the tax basis that is allocable to any fractional
share) will equal the U.S. holder’s tax basis in its common stock surrendered in the Reverse Stock Split in exchange therefor,
and the holding period of the U.S. holder’s common stock received pursuant to the Reverse Stock Split will include the holding
period of the common stock surrendered in the Reverse Stock Split in exchange therefor.

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In general, a U.S. holder who receives a
cash payment in lieu of a fractional share will recognize capital gain or loss equal to the difference between the amount of cash received
in lieu of the fractional share and the portion of the U.S. holder’s tax basis of the common stock surrendered in the Reverse
Stock Split that is allocable to the fractional share. Such gain or loss generally will be long-term capital gain or loss if the U.S. holder’s
holding period in its common stock surrendered in the Reverse Stock Split is more than one year as of the date of the Reverse Stock Split.
The deductibility of net capital losses by individuals and corporations is subject to limitations. Depending on a stockholder’s
individual facts and circumstances, it is possible that cash received in lieu of a fractional share could be treated as a distribution
under Section 301 of the Code, so stockholders should consult their own tax advisors as to that possibility and the resulting tax
consequences to them in that event.

U.S. holders that have acquired different
blocks of our common stock at different times or at different prices are urged to consult their own tax advisors regarding the allocation
of their aggregated adjusted basis among, and the holding period of, our common stock.

Information returns generally will be required
to be filed with the IRS with respect to the payment of cash in lieu of a fractional share made pursuant to the Reverse Stock Split unless
such U.S. holder is an exempt recipient and timely and properly establishes with the applicable withholding agent the exemption.
In addition, payments of cash in lieu of a fractional share made pursuant to the Reverse Stock Split may, under certain circumstances,
be subject to backup withholding, unless a U.S. holder timely