Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2090

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 6
Chunk 2090
---
’s remuneration 
    2024  
    2023 

    (in thousands) 
  
    Remuneration in respect of services as directors 
    $292  
    $385 
  
    Remuneration in respect to long term incentive schemes 
     -  
     - 
  
    Total 
    $292  
    $385 

F-55

    26.
    Subsequent Events

Management has evaluated
subsequent events that have occurred through the date the financial statements were issued and has determined that there were no subsequent
events that required recognition or disclosure in the financial statements as of and for the year ended December 31, 2024, except
as disclosed below.

On January 2, 2025, 3i converted
$1,588,693 of the October Convertible Note into 2,118,262 shares of unrestricted common stock valued at $0.75 per share.

On January 8, 2025, 3i converted
$202,500 of the October Convertible Note into 270,000 shares of unrestricted common stock valued at $0.75 per share.

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 1,526,058 shares of common stock of the Company, par value $0.0001 per share (the “Shares”) to the Purchasers.
The transaction closed on January 23, 2024 (the “Closing Date”).

The aggregate gross proceeds
to the Company were expected to be $2,250,000, before deducting placement agent fees and expenses, $580,000 of such proceeds were released
on the Closing Date and the remaining amount were held in escrow, to be released to the Company upon the later of: i) filing the registration
statement referenced below and ii) the date on which the Company receives a written communication from the Nasdaq Stock Market (“Nasdaq”)
that Nasdaq has granted the Company an extension to meet the continued listing requirements of the Nasdaq. Because the Company received