Company: ALCE
Filing Date: 2025-11-26
Form Type: PRE 14C
Source: 0001213900-25-115332
Chunk: 6

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-26
Form: PRE 14C
Chunk 6
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 be predicted
with any certainty, and the history of reverse stock splits for other companies in various industries is varied, particularly since some
investors may view a reverse stock split negatively. It is possible that our stock price after a Reverse Stock Split will not increase
in the same proportion as the reduction in the number of shares outstanding, causing a reduction in the Company’s overall market
capitalization. Further, even if we implement a Reverse Stock Split, our stock price may decline due to various factors, including our
future performance and general industry, market and economic conditions. This percentage decline, as an absolute number and as a percentage
of our overall market capitalization, may be greater than would occur in the absence of a Reverse Stock Split.

The proposed Reverse Stock Split may decrease
the liquidity of our common stock and result in higher transaction costs. The liquidity of our common stock may be negatively impacted
by the reduced number of shares outstanding after the Reverse Stock Split, which would be exacerbated if the stock price does not increase
following the split. In addition, a Reverse Stock Split would increase the number of stockholders owning “odd lots” of fewer
than 20 shares, trading in which generally results in higher transaction costs. Accordingly, a Reverse Stock Split may not achieve the
desired results of increasing marketability and liquidity as described above.

The implementation of a Reverse Stock Split would
result in an effective increase in the authorized number of shares of common stock available for issuance, which could, under certain
circumstances, have anti-takeover implications. The additional shares of common stock available for issuance could be used by the Company
to oppose a hostile takeover attempt or to delay or prevent changes in control or in our management. Although the Reverse Stock Split
has been prompted by business and financial considerations, and not by the threat of any hostile takeover attempt (nor is the Board currently
aware of any such attempts directed at us), stockholders should be aware that approval of the Reverse Stock Split could facilitate future
efforts by us to deter or prevent changes in control, including transactions in which stockholders might otherwise receive a premium for
their shares over then-current market prices.

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Stockholders should also keep in mind that the
implementation of a Reverse Stock Split does not have an effect on the actual or intrinsic value of our business or a stockholder’s
proportional ownership interest (subject to the treatment of fractional shares). However, should the overall value of our common stock
decline