Company: ALCE
Filing Date: 2025-09-09
Form Type: 8-K
Source: 0001213900-25-086180
Chunk: 2

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-09-09
Form: 8-K
Item: Item 8.01
Chunk 2
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) equal to the fraction of one share to which
such stockholder would otherwise be entitled multiplied by the share price, representing the product of the average closing price of the
Company’s common stock on the OTCQB Market for the five consecutive trading days immediately preceding the effective date of the
Reverse Stock Split and the inverse of the Reverse Stock Split ratio. Proportional adjustments have also been made to the Company’s
outstanding warrants, stock options, and convertible securities, as well as to the reserves available pursuant to the terms of the Company’s
2023 Equity Incentive Plan to reflect the Reverse Stock Split, in each case, in accordance with the terms thereof.

The Reverse Stock Split reduced the number of
shares of Common Stock issued and outstanding from the earlier 138,056,533 to 690,282 shares of Common Stock. The number of authorized
shares of Common Stock did not change by the Reverse Stock Split.

The Company’s transfer agent, Equiniti Trust
Company, LLC (formerly known as American Stock Transfer & Trust Company) (“ Equiniti”) acted as the exchange agent for
the reverse stock split. Instructions regarding the exchange of stock certificates, as applicable, were provided to stockholders of record
as of September 4, 2025 by Equiniti. Stockholders who held their shares in brokerage accounts or “street name” were not required
to take any action to effect the exchange of their shares.

The Common Stock started trading on a split-adjusted
basis on the OTCQB Market at the market open on September 5, 2025. The trading symbol for the Common Stock remains “ ALCE.”
Following the Reverse Stock Split, the CUSIP for the Company’s Common Stock is 02157G 309.

The description of the Certificate of Amendment
and the Reverse Stock Split is qualified in its entirety by reference to the text of the Certificate of Amendment, which is filed as Exhibit
3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

On September 3, 2025, the Company issued a press
release announcing the Reverse Stock Split. The full text of the Company’s press release issued in connection with the foregoing
matter is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.