Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 195

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 195
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 303,978 shares of Common Stock exercisable at $1.50 per share and the Company received gross proceeds of $750,000,
before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. This warrant was adjusted
on December 5, 2024 to purchase up to 455,967 shares at an exercise price of $1.00 per share. In conjunction with the transaction, the
Company issued warrants for the purchase of 22,799 shares of common stock with an exercise price of $2.20 per share to Maxim for their
role as placement agent, which is exercisable at any time on or after May 12, 2025 and will expire on December 19, 2027.

On December 5, 2024, pursuant
to the Purchase Agreement, the closing of the fourth and final tranche of the Convertible Note and Warrant occurred, whereby the Company
issued a Warrant to purchase 130,710 shares of Common Stock exercisable at $1.00 per shares and the Company received gross proceeds of
$244,317 before fees and other expenses associated with the transaction, accounting for the 12% original issue discount. In conjunction
with the transaction, the Company issued warrants for the purchase of 6,536 shares of common stock with an exercise price of $2.20 per
share to Maxim for their role as placement agent, which is exercisable at any time on or after June 5, 2025 and will expire on December
19, 2027.

As of December 31, 2024, warrants
to purchase up to 3,000,149 shares of common stock were issued and outstanding.

     Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term (Years)                  Outstanding - January 1, 2023   477,800   $287.50    5.98   Issued during the year   16,000    8.75    0.16   Expired during the year   -    -    -   Outstanding - December 31, 2023   493,800   $280.50    4.98   Issued during the year   2,573,225    1.08    4.21