Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 265

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 265
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 extend to February 29, 2024 at the Solis Bond
trustee’s discretion. On January 30, 2024, the Bond Trustee exercised its right to extend the waivers and the maturity date of
the Bond Terms to February 29, 2024. On January 31, 2024, Solis provided notice to the trustee of the Solis Bonds of its intent to exercise
call options to repay € million (approximately $ million) of amounts outstanding under the bonds. On February
14, 2024, Solis exercised its call options. On February 26, 2024, the Solis Bond Trustee granted a technical extension to the Solis Bond
in order for Solis to exercise its call option, and Solis provided notice to the trustee of its intent to exercise call options to repay
€ million (approximately $ million) of amounts outstanding under the bonds. The repayment was completed on March 12, 2024.

F-41 Also on February 26, 2024, Solis and a representative group of the bondholders agreed to an additional extension of the temporary waivers and the maturity date of the Solis Bond until April 30, 2024, with the right to further extend to May 31, 2024 at the Bond Trustee’s discretion, and thereafter on a month to month basis to November 29, 2024 at the Bond Trustee’s discretion and approval from a majority of bondholders. This was formally approved by the bondholders on March 12, 2024. On January 3, 2024, ALT US 08 LLC was incorporated in Delaware as a wholly owned subsidiary of Alternus Energy Americas Inc. Also on January 3, 2024, a convertible note holder converted all of the principal and accrued interest owed under the note, equal to $ 1.0million, into 1,320,000shares of restricted common stock. On January 11, 2024, we issued 7,765,000shares of restricted common stock valued at $ 1.23per share to Nordic ESG and Impact Fund SCSp (“Nordic ESG”) has settlement of AEG’s €8m note. This resulted in Nordic ESG becoming a related party and resulted in a decrease of AEG’s ownership of the Company from 80% to 72%. On January 16, 2024 Solis entered into a sale and purchase agreement to sell one operating park in